Blog Posts in September, 2017

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  • Right of Car Dealer to Repossess Car
    Right of Car Dealer to Repossess Car

    Question: What do I do if now I get a bill from the dealer for what they paid the bank to pay off the loan? I bought a car in 2012, fell behind in payments after losing my job, car was repossessed but ...

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  • Collection Attorneys Seek FDCPA Exemption
    Collection Attorneys Seek FDCPA Exemption

    Collection attorneys are attempting to exempt themselves from the Fair Debt Collection Practices Act for engaging in such conduct as filing suit on obviously time barred debts, suing the wrong person, ...

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  • Right of Spouse to Obtain Credit Individually
    Right of Spouse to Obtain Credit Individually

    Question: My husband took a home equity line of credit in his name alone. Our house was used as security? Do I have any responsibility for the debt? Answer: No. The federal Equal Credit Opportunity ...

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  • Requiring Repayment of Loan by Electronic Fund Transfer Is Illegal
    Requiring Repayment of Loan by Electronic Fund Transfer Is Illegal

    A California federal court recently held that a lender violated the Electronic Fund Transfer Act (EFTA) prohibition on “condition[ing] the extension of credit” on a borrower’s repayment “by means of ...

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  • Offering to
    Offering to "Settle" Time-Barred Debts

    The U.S. Court of Appeals for the Seventh Circuit issued a decision on two lawsuits involving debt collectors offering “settlements” on debts that were beyond the statute of limitations. We ...

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  • No Right to Rescind Car Purchase
    No Right to Rescind Car Purchase

    Question: How do I rescind a car purchase? I bought the car on Saturday and now I realize I cannot afford it. Answer: Illinois law does not provide for any period for rescinding a car purchase. The ...

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