Junk Fees and High Rent | Bill Clanton

Junk Fees and High Rent

Are you a renter struggling to keep up with the skyrocketing cost of housing? A new report from the National Consumer Law Center sheds light on the role of junk fees in inflating rents and putting renters at risk.

According to the report, renters are being forced to pay excessive and sometimes illegal late fees, as well as convenience fees, roommate fees, and even a fee just because it’s January! These junk fees can create long-term barriers to housing, especially for renters of color. When excessive fees contribute to missed rent payments, they can damage renters’ credit scores and create blemishes on their credit reports.

The report recommends that the Federal Trade Commission (FTC) and state legislatures take action to limit or ban rental fees that exceed the landlord’s costs, cover services not rendered, stifle competition, or violate the law. To help ensure renters’ future ability to secure safe and affordable housing, the FTC must investigate corporate and large landlords that impose unavoidable and exploitative junk fees and develop guidance to prevent this potentially deceptive and unconscionable practice.

As a law office that specializes in consumer protection, we understand the challenges renters face in today’s housing market. We are here to help you navigate the complex world of rental housing and fight back against unfair and illegal fees. If you are a renter who has been hit with excessive junk fees or struggling with rental debt, give us a call today to schedule a consultation. Let us help you protect your rights and secure the housing and financial stability you deserve.

About The Author

Bill Clanton

Over the years my office has helped thousands of consumers who were cheated, ripped-off, and mistreated by debt collectors, credit reporting agencies, banks, credit unions, and car dealers. If you have a problem with a business being dishonest with you give me a call. I’d love to set them straight.