Question: I borrowed $300 over a year ago. They say they are going to serve me papers and take me to court. I am 64 years old, have no job and get $400 a month Social Security. Can they do this?
Answer: A person whose sole source of income is social security and who has no real estate or significant personal property is probably uncollectible. A legitimate creditor still has the right to obtain a judgment and can try to collect it for about 20 years.
If the debt is an internet payday loan, check if the lender is licensed in Illinois. If it is not, the loan is not enforceable and you owe nothing.