How Courts Punish People for their Poverty
Think debtors prisons no longer exist? Think again. One way that court systems commonly raise revenue is to impose fees […]
Fannie Mae & Freddie Mac to Offer Principal Reductions Under New Loan Modification Program
Fannie Mae and Freddie Mac have announced the first-ever principal reduction loan modification program for homeowners with underwater mortgages – excellent news
Midland Credit Management Hit with Proposed Class Action Lawsuit
One of the largest debt collectors in the United States, Midland Credit Management, Inc. is facing a potential class action
What Standards Must Every Item on a Credit Report Meet?
It is extremely important to check your credit report on a yearly basis. The three major credit reporting agencies, Equifax,
Fannie Mae Lowers Mandatory Waiting Period to Two Years
New changes from Fannie Mae will make it easier for people to get approved for a mortgage after a bankruptcy,
Our Chicago Debt Relief Lawyers Defend Client Sued by a Creditor
Recently, our Chicago consumer law attorneys, Attorney Paul M. Bach and Attorney Penelope N. Bach asked the bankruptcy court to
How Did Three Credit Agencies Gain a Monopoly?
The practice of extending credit dates back to the 19th century when industrialization led to the mass production of expensive machines
Myths & Facts About Payday Loans
It is pretty common for those who are considering bankruptcy to have taken out one or more payday loans in
HANGUP Act to End Unwanted Robocalls
Two House Democratic Lawmakers introduced a new law that would roll back a budget bill provision of the Bipartisan Budget
TCPA Exemption for Fed-Backed Loans Circulated to FCC
On February 17, a draft rule to exempt robocalls to collect federal debt from TCPA rules was circulated to the FCC. This