Whether used for business or personal purposes, many Illinois adults own at least one credit card. While some people can navigate the hurdles of owning credit cards, others find themselves dealing with rising rates and being stuck making minimum payments. One bureau...
Many Americans living in Illinois have medical debt that they struggle to repay. In many cases, outstanding debt balances are reported to credit bureaus, which can wreak havoc with their credit scores and creditworthiness. However, the Consumer Financial Protection...
A recent Supreme Court decision means that consumers in Illinois and throughout the rest of the country can sue the federal government for violations of the Fair Credit Reporting Act (FCRA). The case in question involved a man who sued the USDA after it incorrectly...
Running into credit problems may ripple through may aspects of someone’s life. Illinois residents dealing with debt matters could look at typical issues surrounding credit woes to seek a solution. Clearing up troubles with credit cards and other accounts could help...
If you are struggling to keep up with your bills, you may be tempted to sign a contract with an Illinois debt relief agency. While there are a number of legitimate organizations to choose from, there are also a number of groups looking to waste your time and money....
Banks and credit unions throughout Illinois may charge fees when you overdraft your account or otherwise have insufficient funds to complete a transaction. As you may imagine, an overdraft occurs when a purchase exceeds your available checking or savings account...
The Consumer Financial Protection Bureau (CFPB) has provided guidance on specific legal requirements, such as how lenders can use artificial intelligence and various other models. This guidance states that lenders need to give accurate reasons that are specific as to...
Credit repair companies may charge fees without delivering the services that they promise. If you are an Illinois debtor and have contracted with one, you are allowed to cancel the agreement. Ask to see results first When a credit repair company conducts telemarketing...
A report released in 2022 by the Consumer Financial Protection Bureau reveals that about one in five people in the U.S. have medical debts on their credit reports. Delinquent medical bills can make it difficult for Illinois consumers to qualify for mortgages, car...
A poor credit score may make it difficult to buy a home, find a job or obtain an affordable insurance policy. While you may be tempted to hire an Illinois company to help you rebuild your credit, the fact is that you can often do so on your own for free. Reach out to...