Blog Posts in May, 2017

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  • Removing Judgment from Credit Record
    Removing Judgment from Credit Record

    Question: A credit card company got a judgment against me. I paid it. Can I get it off my credit? Answer: Under Illinois law a person who has paid a judgment, or obtained a release or satisfaction, is ...

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  • Statute of Frauds
    Statute of Frauds

    Question: Should I have a written agreement drawn up? I loaned a friend over 9,200 dollars over 3 months ago. I have received only one payment of 250.00 dollars. We have a verbal agreement to have the ...

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  • Suburban Drivers Overcharged for Old Parking Tickets
    Suburban Drivers Overcharged for Old Parking Tickets

    This article demonstrates why the Fair Debt Collection Practices Act is so important. Had this collection agency’s actions been covered by the FDCPA, we suspect they would have been successfully sued ...

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  • My Vehicle Got Repossessed Last Week
    My Vehicle Got Repossessed Last Week

    Question:: My vehicle got repossessed last week and I called the bank today to pay off the past due amount I owed so I could get it back. They said I would have to pay the entire balance of the ...

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  • Premature Electronic Funds Transfer
    Premature Electronic Funds Transfer

    Question: Can a mortgage lender draft an overdue payment on a date other than the date you authorized and refuse to refund it? I received a phone call from my mortgage company in an attempt to collect ...

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  • Can the Lender Force You to Pay in Full or Reapply for the Loan?
    Can the Lender Force You to Pay in Full or Reapply for the Loan?

    Question: If your car has been repossessed and you offer to bring the loan current, can the lender force you to pay in full or reapply for the loan? Answer: Under Illinois law, if your car is ...

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