How long does bad credit history stay on your credit report? There’s a short answer and a long answer. The short answer is most negative information, such as Judgments, collection accounts, paid tax liens, and late payments, can stay on your credit report for 7
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Archives for Debt Defense
Call Me Maybe? Hey I Don’t Know You, and This is Crazy! IRS Phone Scam!
Carly Rae Jepson sings, “Hey, I just met you, and this is crazy, but here’s my number, so call me maybe”. Do you see the trouble? She gives her phone number to a total stranger! That’s exactly the trick—you don’t know them, but somehow, they
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Warning! Danger! Loan Sharks Online!
Remember the good old days when, if you needed money, you’d go to your local banker? Like in the movie, “It’s a Wonderful Life”, you’d go to the corner Savings and Loan, and borrow money from the Baileys to buy a home, and for whatever
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Insult to Injury– Scammers Targeting Bankruptcy Filers!
People who owe money to debt collectors are “easy pickings” for scam artists. People end up owing many different companies, who sell their debt to other collectors. So, naturally, by the time they start getting collection calls, it is hard to tell what debt each
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Debt—A Four Letter Word! *&$#!
I recently wrote a blog article, “Do You Love or Hate Money?”, and this subject, Debt is also something In the modern world, we can’t barter to get our food. We need to earn money, to buy enough goods, services, or housing to live a
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Credit Unions- Angels or Devils?
For many people, their local credit union is their savior. People can join credit unions because of where they work, or if they served in the U.S. Military, or for other reasons. Credit Unions offer many advantages, such as lower interest rates, and personal service.
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What is an “In Rem” Judgment of Foreclosure?
In the last few years, as the volume of foreclosures has slowed in Illinois, the foreclosure courts have been processing the cases faster. Foreclosure cases that used to take one to two years have been speeding through the court at a more regular speed of
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Debt Settlement Consumer Protection Act in Illinois
A while back, I wrote about Debt Settlement, and whether it was a good way to avoid bankruptcy. Most people don’t want to file bankruptcy, and try many different things to avoid bankruptcy. Debt Settlement, in certain circumstances, can help. There are pitfalls. I mentioned
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When Will You Need a Lawyer?
This is a continuation of my series of articles on what lawyers can do for you. My last article, “What do Lawyers do for You?” explained what good lawyers can do to help their clients, generally. You might not think about it, but, at just
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How to Stop Wage Garnishments Immediately
You’ve been trying to pay your bills, but ran short each month. And, sometg had to give, so you stopped paying the credit cards. Then, they sued you, and got a court judgment. Now, your boss just got a Wage Deduction Order, or a “brick”
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