There are few things that illicit more dread for Illinois residents than dealing with debt collectors. Whether you receive a phone call or a letter from a debt collection agency, the feelings of stress are often overwhelming. While debt collectors are persistent,...
Each year, judges in Illinois halt foreclosures because of errors by the mortgage holder. Several defenses against foreclosure exist, but some are more commonly used than others. Unfair lending practices Mortgage companies must not discriminate against who they lend...
You're not alone if you’re an Illinois resident dealing with debt. You might feel like you’re living paycheck-to-paycheck and that there’s no relief in sight, but you can improve your situation. These are some good ways to stretch your money. Keep track of your...
People in Illinois have debt for many reasons, including consumer purchases, medical debt and other obligations. Sometimes, the borrower could fall behind on payments, leading to collection actions. The laws guide how debt collectors may operate. Understanding the...
Following six rules can help people with money issues get caught up in Illinois. In some cases, people may be able to eliminate some types of debt. No.1: Prioritize debts that hurt your family Some types of debt can harm your family. For example, if you do not pay...
No one enjoys getting phone calls from debt collectors. Unfortunately for many people in Illinois, those anxiety-inducing calls are a regular part of their weekly routine. While debt collectors must follow certain laws, there are certain tips that you should remember...
Your credit report is a crucial component of your financial health. It contains a detailed credit history, including your borrowing and repayment habits. Credit reports are used by Illinois lenders, employers and landlords to evaluate your creditworthiness, and they...
Debt can negatively impact Illinois residents' financial health and well-being. Whether it's credit card debt, student loans or other forms of debt, it's important to prioritize debt repayment to avoid accruing additional interest charges and late fees. Identify the...
When an Illinois resident takes out a mortgage, they must make the required payments on the loan and do so timely. When someone misses one or more, becoming current should be a priority. A foreclosure action might result if the borrower falls too far behind....
Even with the best of intentions, some Illinois residents struggle to maintain good credit. A bad credit score can have serious impacts on various areas of your daily life. These are some of the biggest disadvantages you can expect. Lenders consider you a poor risk...