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...
Debt accumulates for any number of reasons: medical expenses, unexpected job loss or simply the increasing cost of living. These financial burdens can gradually balloon a debt into an overwhelming amount. As creditors ramp up their collection efforts, the stress of...
The possibility of foreclosure is a frightening reality for many throughout the country, particularly in urban centers like Chicago, where rates have soared. The prospect of losing one's home due to financial hardship is not only emotionally distressing but also...
You may owe a debt to creditors. Some of it you have paid off, but the majority you're working hard to eradicate. Unfortunately, there are times when creditors might ask you to pay off more money than you recognize. That's a sign they are resorting to deceptive...
Facing foreclosure can feel like you're on shaky ground, and it can get stressful to deal with it all. However, it's important to remember that you do have options, like a short sale. This alternative to foreclosure can provide a lifeline when it feels like your home...
There could be hundreds of reasons why people end up in debt. It could be for education, housing, medical needs, emergencies or simply to get by daily. Sometimes, your small debts can accumulate over time, and without you knowing, you are already in a debt spiral. A...
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...