Question:  I borrowed money from a neighbor in 2009. I signed a letter stating I would pay her back but it didn’t have a date. She is suing me.  She  will not take a payment plan and wants a judgement. Can I have the court set a payment schedule for the loan?   Answer:  No.  A… Read More

Question: How do I get my name off of the home loan?    I’ve been divorced now for almost 2 years.  My credit is hurting because my ex-husband  won’t refinance the loan. The bank would not remove my name. We have it in our divorce paperwork that he gets the house and has to pay for… Read More

Experian was sued for yet another mixed file case in New York.  The plaintiff alleges Experian mixed his credit file with more than one nonrelated person.  It sounds like the other individuals have somewhat similar names, but they are clearly different people.  This is a familiar story to our attorneys, although we normally see people’s… Read More

This is an interesting article by the Bank of America mortgage whistleblower.  Our firm has assisted numerous clients with mortgage servicing and loan modification mishaps caused by Bank of America and other large mortgage servicers.… Read More

One of the specialty banking credit bureaus is paying a huge fine to the FTC for alleged violations of the Fair Credit Reporting Act.  Hopefully the FTC’s actions will help the consumer victims of inaccurate credit reporting.  Many consumers are being barred from opening bank accounts due to information being reported by companies like Certegy. … Read More

Certegy Check Services to Pay $3.5 Million for Alleged Violations of the Fair Credit Reporting Act and Furnisher Rule  Penalty is Second-largest in a Fair Credit Reporting Act Matter Certegy Check Services, Inc., one of the nation’s largest check authorization service companies, has agreed to pay $3.5 million to settle Federal Trade Commission charges that… Read More

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,  using patently false affidavits signed by “robosigners” who have no basis for swearing to anything, “sewer service” (throwing away a summons and complaint and… Read More

Question: What can I do if I am being harassed by a collections agency?   A year ago, I got a bill from a hospital. I made a verbal agreement with hospital to pay $200 with no interest which I’ve been doing every single month.  The account was transferred to a collector which is harassing me… Read More

Question: Can an online pay loan that I defaulted on press criminal charges like bad checks?   A pay loan company is calling my family members and threatening that they are going to press charges against me for issuing a bad check. Answer:  Under no circumstances is nonpayment of a loan criminal. In Illinois, the bad… Read More

Question: Can a financial institution sue  me for an  account on which  I was a cosigner?  The institution already obtained a judgment against my father on the same account  a year ago. Answer:    Yes, with one exception.  There is a requirement that you be notified in writing of the principal debtor’s default on a… Read More