December

Blog Posts in December, 2014

  • Debtors may not be harassed by collection agencies

    Illinois residents may know that debt collectors are restricted by federal law from harassing the debtor. The Fair Debt Collection Practices Act outlines boundaries debt collectors are obliged to honor. If the debtor's rights are ignored, a ...
  • Unsecured debt and property seizures

    Some residents of Chicago may be interested in learning more about unsecured debt collection. Although many people know that secured creditors can seize assets, it can also be possible in some circumstances for unsecured creditors to do the same. ...
  • Ways to avoid foreclosure

    As Illinois homeowners may know, the rate of foreclosures has been high since the economic downturn of 2008. This is a complex situation but often involves a homeowner's loss of employment causing default on mortgage payments. The mortgage lender ...
  • Debt relief and bankruptcy

    Consumers in Illinois may benefit from learning more about the distinguishing factors that differentiate filing bankruptcy from obtaining debt relief. Many people consider bankruptcy the option of last resort, since it may have adverse effects on the ...
  • New York State Unveils New Debt Collection Regulations

    New York governor Andrew Quomo recently announced New York's new debt collection regulations. The regulations, issued under a provision of the New York Financial Services law, seek to provide consumers with additional protections that they did ...