Bank of America, Chase To Change Credit Reporting Practices For Discharged Debts
According to the New York Times, Bank of America and JPMorgan Chase will be fundamentally changing how they report debts that […]
How The Sale Of Discharged Debt Thwarts The Bankruptcy Discharge
BloombergBusiness has published an interesting article about the sale of discharged debts. Many consumers do not know that banks will sell debts
Credit Invisibles
The Consumer Financial Protection Bureau’s Office of Research recently released a research report regarding credit invisibles–adults that have no credit history that
Developing debt reduction strategies for Illinois residents
Illinois residents have options when it comes to paying off debt and improving their financial situation, according to a book
U.S. Supreme Court To Decide Fair Credit Reporting Act Case
On April 27, 2015, the U.S. Supreme Court granted a petition for writ of certiorari in Spokeo, Inc. v. Robbins, an
Major $2 million verdict for Illinois homeowner
On April 21, 2015, a jury rendered a $2 million verdict in the case of Elena Hammer v. Residential Credit Solutions,
Chapter 11 filings declining
Illinois business owners may be interested to learn that the rate of filed business bankruptcies is falling across the country.
Federal lawsuit exposes massive debt collection fraud
Consumers in Illinois should beware fake debt collectors that use intimidating tactics to defraud people of money they do not
Changes in credit reporting may be good news for consumers
Some recent changes in credit reporting could be good news for many Illinois residents. The changes, which were instituted by
Credit card debtor rights in Illinois
According to the Consumer Financial Protection Bureau, credit card companies have taken steps to limit consumer rights in the event