Credit reports help gauge your credit score and overall financial health. Any error, no matter how small, can potentially hurt your credit score. Sadly, credit report errors happen more frequently than you think. Findings show that around 44% of people found errors in...
Repairing your credit score can feel like an uphill battle. It is easy to make errors that could set you back even further. Let us look at four common mistakes people often make when trying to fix their credit. 1. Ignoring your credit card debt One of the biggest...
Receiving a foreclosure summons doesn’t have to mean kissing your home goodbye. Aggressive debt collectors will have you believe it’s time to give up, preying on your fear of losing your home. In reality, you may still have months to pay your debt and reclaim your...
Identity theft can hurt your financial health, especially your credit score. Understanding the risks can help you safeguard your financial future. The impact of identity theft on your credit Criminals can open new credit accounts in your name when they access your...
Many people in Chicago rely on Social Security benefits to make ends meet. If you are facing debt collection, you might worry about your benefits being taken. The good news is that in most cases, regular debt collectors cannot take your Social Security benefits,...
Many homeowners face situations that make it difficult to keep up with their mortgage payments. These could be medical bills, job loss or simply financial struggles. When a borrower defaults, foreclosure is often a common possibility, and its consequences can extend...
Building good credit is a journey that takes time and effort. In today's world, where the cost of living is soaring, a healthy credit score is more crucial than ever. However, the allure of a quick solution can sometimes lead to falling prey to credit repair scams....
A debt collector’s hounding can be stressful enough, but what happens when they begin to call your workplace? In Illinois, there are restrictions on how debt collectors can contact you, including calling your employers. Are debt collectors allowed to call my...
The thought of losing your home might be a nightmare. Unfortunately, it’s also a reality for many people. After all, figures show that Cook County, Illinois had the highest number of foreclosures starts in the US in April. As foreclosure rates skyrocket, there is one...
It's stressful when creditors knock on your door, asking you to pay what you owe. Well-meaning friends might suggest, "Just close your account, and all your problems will go away." Unfortunately, this approach could harm your credit score further. Misinformation like...