Living with credit issues can be very expensive. The credit that may be extended to those with bad credit often comes with higher interest rates and may require collateral. It is for these and other reasons that many Illinois consumers seek help to improve their...
People who file for bankruptcy in Illinois and around the country do not have to worry about creditor harassment because court orders that prohibit such activities are issued when Chapter 7 and Chapter 13 personal bankruptcy petitions are filed. Consumers who do not...
Losing your home in Illinois through foreclosure can be a deeply saddening experience. But, while you may feel hopeless when you are behind on your mortgage, there are methods you could use to stop lenders from taking your home. Loss mitigation Loss mitigation means...
Your credit score and overall creditworthiness generally determine whether Illinois lenders will work with you. If you have no credit history or a bad credit history, it may be possible to use a credit card to improve your reputation. There are several reasons why...
Although credit cards provide a way to cover expenses in emergency situations and can often be a convenient way to pay your bills, many Illinois residents struggle with mounting charges. The average U.S. household struggles with at least $7000 in credit card bills....
Identity theft could cause all kinds of problems for the victims. If someone compromises someone’s identity and gains access to Illinois financial accounts, the victim’s credit report may end up destroyed. The situation might not be permanent, as there are steps...
A credit report contains information about an individual's debts and financial accounts in Illinois. The Consumer Financial Protection Bureau (CFPB) provides information on who has access to a credit report, the types of errors to look for and how to report...
Significant mortgage debt leads to a number of foreclosures in Cook County, Illinois every year. Many of these foreclosures are contentious and result in significant legal bills and procedures. But there is a different way. Consent foreclosure is a way to ease the...
Illinois residents who are heavily in debt often face harassing calls from debt collectors. Debt settlement is a solution that might provide relief from collection activity. What is debt settlement? Debt settlement is an option for individuals with debt but no...
For people in Illinois, consumer protection for credit reporting and other personal finance topics can be a murky subject. Recently, the Consumer Financial Protection Bureau, or CFPB, issued a ruling to help clarify its jurisdiction and that of the state government....