Question: : My husband and I refinanced our house. My husband has used the check in stock market. The check was both in our name. I have not seen the check. Can he do that?   Answer:  If your name was on the check and your husband did not sign your name, a financial institution should… Read More


Question: If I have a civil judgement that has been completely paid off but still on my credit report, how can I get this removed? Answer:   If it is an Illinois judgment, you have the right to file a motion in the court which entered it attaching proof that it was paid/ satisfied, and requesting… Read More


Question: I have $7000 in debt from medical bills as well as creditors how do I go about clearing up my credit? Answer:  If the items are accurate, they may remain on your report for 7 years from chargeoff or 7.5 years from the first delinquency that led to the chargeoff, whichever is earlier.  Paying… Read More


Question: I got four payday loans over the Internet.  I cannot repay them.  What is the worst thing that could happen? Answer:   Find out of the lenders  were  licensed by the Illinois Department of Financial and Professional Regulation.  If they were not licensed, the loan is not enforceable, you owe nothing, and you may be… Read More


Question:  I have received a letter from a collection agency regarding a medical bill that was supposed to be submitted by the hospital to my health insurance company that would have covered the bill at 80%. The hospital admininstrator  called me 3 times to get the insurance information, which I provided; they assured me that this… Read More


Question: I have a judgment against me.  The creditor froze my bank account.  What can I do to stop frozen account? Answer:    You have a 4,000 “wildcard” exemption per person (735 ILCS 5/12-1001)  that can be applied to a bank  account.  There are also exemptions based on the source of funds, such as Social Security. File… Read More


Question: If your parent passes away and leaves outstanding credit card debts, who is responsible for payment? Answer:    If anyone else is contractually liable on the account (not a mere authorized user) they remain liable.  If there is no one else contractually liable, the estate of the decedent is liable.  If  there is no… Read More


Question: Can a bank be forced to process checks in a timely manner? Answer:    Deadlines for funds availability are set by federal statute, the Expedited Funds Availability Act.  The relevant deadlines depend on such things as the location of the bank where the check is drawn and the amount and whether the bank has… Read More


Question: How can I get a collector to stop calling me at work? Answer: You have the right to direct a debt collector not to call you at work.  You also have the right to direct a debt collector not to contact you at all.  The latter right must be exercised in writing; the former… Read More


Question:  I purchased a car and traded in my old car and put money down.  I signed a contact and got the keys.  Three weeks later I received a letter from the dealer stating that I was not approved and was asked to sign a new contract on different terms. Answer:  Confirm with the financing… Read More