FICO Scoring System Changing To Reduce Impact Of Medical Debt
According to the Chicago Tribune, the formula used to determine FICO scores is being changed to minimize the negative impact […]
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Paying credit card debt owed by a deceased loved one
Residents of Illinois might wonder who pays a deceased consumer’s credit card debt. When the consumer is a parent, grandparent
Small bad debt is still bad debt on a credit report
As many Illinois residents may know, forgotten debt may pop up on a credit report at the worst possible time.
Retirement accounts and credit card default
Some debtors in Illinois may wonder if defaulting on a credit card can affect retirement funds. According to a recent
Debt collection companies must prove debt is legitimate
Some Illinois residents who have lost a parent may face harassment by debt collectors who insist they are responsible for
What rights do Illinois debtors have?
A woman is refusing to pay a $20 charge that she incurred on her Kohl’s credit card in November of
How to deal with past medical debt in Illinois
Routinely checking one’s credit report can be a good habit to get into. Sometimes, it will alert an individual to
CFPB report sheds light on illegal debt collection practices
Late last month, the Consumer Financial Protection Bureau released a report citing illegal practices among some American debt collectors and
Forget About Trump, Look At Our Blighted Neighborhoods
Dawn Turner Trice, a columnist for the Chicago Tribune, wrote a great column today. She took the opportunity to turn the
Why Collecting Time-Barred Debts Hurts Consumers
The FDCPA Defense Blog recently published a post decrying the Consumer Financial Protection Bureau and FTC’s position regarding debt collectors attempting to