In this article, we will discuss what you should look for when choosing a law firm for a chargeback to avoid falling into the hands of scammers. This is an important topic because in the legal field as well as in the brokerage business, there are plenty of people who are willing to use other people's troubles for their own benefit.
Usually the first thing you see when you contact a law firm is its Web site. Examine it carefully. Does the company deal exclusively with chargeback, or does it provide general legal advice? Is information about the company posted on the website? Is the hotline number and company registration information located? Is the site secure? You can find out by checking the first letters in the address bar: https means that the site is protected, http means that it is not. Are there any photos of the company's employees on the site? If the site only asks you to leave your contact information in various ways, this should be a cause for concern.
One of the key things to look for is gathering initial information to begin the chargeback process. Before you sign a contract and pay your legal bill, remember if you were asked any questions about your situation, if you were asked for documents to evaluate your return prospects, and if you were given feedback on your case. Often, by asking superficial questions, a company may claim to be willing to proceed without even understanding the details of your situation. It is likely that no action will be taken at all in your case.
Let's talk about guarantees. Are you guaranteed a 100% chance of getting your money back? Think about the broker and your communication with him before you invest. Most brokers promise and swear that you can make all your dreams come true, but you end up being one of those looking for refund assistance from the same broker.A really reliable law firm should do a general analysis of the situation and give you some assessment of success, providing facts and reasons that might contribute to a refund. However, it cannot guarantee success because it only facilitates a refund, and much in the chargeback process depends on your bank, the broker's responses and the payment system. Often people themselves demand guarantees, but if they give you one, it's just words. An honest professional cannot guarantee a refund when you sign a contract. Be careful of those who promise a 90% or even 100% chargeback.
The return process cannot happen in a few days. The average length of the
procedure is two to four months. Some companies try to circumvent this system and claim that you do not
have to go to the bank, offering you alternative methods, such as a refund through the Central Bank.
Since your bank does not provide a chargeback service, they claim that another bank will return your
funds in a short time. This is false information. Unless you are a customer of a particular bank, you
cannot contact or apply to that bank.
Try calling the hotline of the bank you don't have an
account with. The operator will ask you for your full name, phone number, or other information, which
they will use to try to identify you. Once it is clear that you are not a customer of that bank, the
conversation is over.Refunding through another broker is a common method of fraud. You may be offered to
open an account with another brokerage company and use it to withdraw funds. In such a situation, you
will only make your problems worse by transferring the money to new fraudsters. Be vigilant and don't
communicate with those who claim that the refund is quick and easy.
Check the information about the company. Check the tax registration address on the website of the Internal Revenue Service. Make sure that the company really exists and is operating.
The return process cannot happen in a few days. The average length of the procedure
is two to four months. Before going to the bank, you have to work with a broker, and that takes enough time,
and only then do you start working with the bank.
1 Some companies try to bypass this system and
claim that you don't have to go to the bank, offering you alternative methods, such as a refund through
the Central Bank.
2. Or through a third-party bank, since your bank does not provide a chargeback
service, but another bank will supposedly return your funds in a short time. This is false information. If
you are not a customer of a particular bank, you cannot contact or apply to that bank.
3. Try calling
the hotline of the bank where you don't have an account. The operator will ask for your full name,
phone number, or other information to try to identify you. Once it is clear that you are not a customer of
that bank, the conversation will end.
4. Refunding through another broker is a common method of
fraud. You may be offered to open an account with another brokerage company and withdraw your funds through
it. In such a situation you will only make your problems worse by transferring the money to the new
fraudsters. Be vigilant and don't communicate with those who claim that a refund is quick and easy.
1. Check the company information. Check the address of registration on the tax
service's website. Make sure that the company really exists and is operating.
2. Avoid companies
that require an upfront fee for their services. Payments are usually based on a fixed amount or percentage
of the expected return. Reliable companies usually operate on a "success-fee" basis. This means
that you only pay if the refund is successful.
3. Pay attention to the company's reputation.
Research reviews and testimonials from previous clients. You can find information about the company online
or ask people you know for recommendations.
4. Pay attention to the company's communication and
attitude toward customers. If the company shows insufficient attention to your questions or does not provide
clear information, it may be a sign of unreliability.
5. Don't rush into a decision. Conduct
several consultations with different companies and compare their offers and terms. This will help you make
an informed choice.6. If you are unsure about the company you choose, consult a legal advisor or contact the
regulatory agency to get information about the company's license and status.
Choosing a company
for a chargeback is an important step that requires careful analysis and making an informed decision. By
following the above rules, you can reduce the risk of falling into the hands of scammers and choose a
reliable company to repay your money.
