Far too often, people don’t realize that they have a credit problem until something goes wrong. They may get the first inkling of trouble when they are denied a loan for an important purchase or start receiving collection notices for unfamiliar debts. By then, unfortunately, the damage has already been done – and it can… Read More

Question: If I have a judgment placed against me can they seize my personal bank accounts? Answer:  Yes, subject to applicable exemptions, which include the $4,000 “wildcard” exemption, which you must claim, and exemptions based on the source of the funds, such as social security and disability payments, which a bank is obligated to identify… Read More

Question: Can I be charged with check fraud?   A collection agency keeps harassing me on a debt that I started paying them. They keep changing the payoff amount and they won’t send me paper work in writing for my records so I quit paying them until I get proof that they are who they say… Read More

Question: We are letting our atv go to repo, we are wondering if they can come back on us for what is owed?   The atv was purchased with a credit card through the company that makes it. We have never had a late payment and we called to volunteer the atv back to the that… Read More

Question: I had a door to door salesman come through offering to install insulation and pushing both a special and several hundred dollars in rebates. He presented a contract that I signed with the understanding I could cancel service right up until installation. He did not leave a copy of the contract and stated that… Read More

Question: If a law firm has a judgment against you, but you never received the summons to go to court, Can you do anything?   Answer:  A judgment entered without service is void and subject to attack at any time, and you may have grounds to move to vacate it.  Go to the clerk’s office… Read More

Question: How long after the date of loan or debt does a company have to pursue collection? Answer:  Common Illinois statutes of limitation are:  4 years for the purchase or lease of goods on time; 10 years for breach of a contract that is wholly in writing, such as a note; 5 years for breach… Read More

Question: My mother lives in a home that was owned by her and her late husband. He is the only one on the n0te.   Can she walk away from the home with no ramifications financially? Answer:  Not altogether.  If  the late husband was the only one on the note, she is not liable to… Read More

Question:  A credit card company got a judgment against me.  I paid it.  Can I get it off my credit? Answer:  Under Illinois law a person who has paid a judgment, or obtained a release or satisfaction, is entitled to have the judgment vacated and the case dismissed.  This has to be done by filing… Read More