Blog Posts in May, 2017

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 ...

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 ...

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 ...

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 ...

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 ...