Under the threat of losing their Illinois residence to foreclosure, some homeowners unfortunately fall victim to foreclosure rescue schemes that take advantage of those who have fallen behind on mortgage payments. These perpetrators promise to pay off the delinquent...
When individuals face financial difficulties in Illinois, they can fall behind on their bills. If they fall behind on their house payments, they may face foreclosure. Many people assume that foreclosure automatically means they’ll lose their homes. That’s not...
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...
Many Illinois consumers struggle with their financial obligations from time to time. If you’re like many people, you have debt or need time to rebuild your credit. Whatever the case, the Fair Credit Reporting Act is there to protect you.. Understanding the FCRA The...
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...
Are you an Illinois resident constantly getting phone calls from debt collectors? Debt collectors are allowed to call in an attempt to collect a debt. However, there are some practices that debt collectors are supposed to avoid. Learning more about the legalities of...
Residents of Illinois might be targeted for consumer fraud. Whenever you click on a link, visit a website or leave a computer unattended, you could be giving unscrupulous individuals access to your personal information. However, there are ways that you can protect...
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...