If you are being harassed by debt collectors in Illinois or feel that you are being maltreated, you may have recourse under the FDCPA. Here are five ways in which the FDCPA protects consumers from abusive debt collection practices. 1. You have the right to dispute a...
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What is a debt validation letter and how does it work?
Being told you owe debt is intimidating for any Illinois resident. Harassment by creditors looking to get paid back is even worse. However, sometimes, there is an out available to you in the form of a debt validation letter. What is a debt validation letter? A debt...
Debtors’ and creditors’ rights during a bankruptcy
There are numerous protections that are guaranteed to debtors and creditors, according to federal and state bankruptcy laws. Debtors do not have to lose everything during a bankruptcy, and creditors cannot take everything that an individual owns. Creditors in Illinois...
Limits on debt collectors
Debt collectors in Illinois can be intimidating. It's their job to try to scare you into paying the debt, and they have some tools they can use to contact you in their attempts to collect. However, collectors occasionally overstep their regulations, and you can report...
Common bankruptcy myths debunked
If a consumer in Frankfort, Illinois, believes they have no way out of debt, they might consider bankruptcy. Chapter 7 removes debt by requiring the selling of some assets while Chapter 13 is a structured repayment plan, and both can help get debts discharged....
How does the Fair Credit Reporting Act protect consumers?
Most people would rather keep their credit and related financial information private. Fortunately, the Fair Credit Reporting Act protects citizens of Illinois and the rest of the United States. Here's a closer look at what the Fair Credit Reporting Act is and how it...
How long does the automatic stay remain in effect?
One of the benefits of filing for bankruptcy in Illinois is the automatic stay, which will be automatically ordered after the bankruptcy petition is filed. It is an injunction against the person's creditors ordering them to cease all collection activities and stop...
What to know about Illinois bankruptcy exemptions
Bankruptcy gives debtors in Will County, Illinois, a fresh start, but some consumers hesitate filing because they fear losing everything. In some cases, they are required to relinquish property, but that depends on the type of bankruptcy. Illinois bankruptcy codes...
Elements of negligence
When dealing with a personal injury claim, it is important to know if someone was at fault when the injury occurred. If there is someone who can be held accountable for the victim’s injuries, then it can be said that this person had a duty to act responsibly. When...
Elements of negligence
When dealing with a personal injury claim, it is important to know if someone was at fault when the injury occurred. If there is someone who can be held accountable for the victim’s injuries, then it can be said that this person had a duty to act responsibly. When...