Tag Archives: debt

Collecting Debt from a Close Friend

You likely will not need to file a lawsuit against a friend who keeps forgetting to pay back the $20 he or she owes you. Refusing to repay $20,000 is a different matter. Some people do not lend money to … Continue reading

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The Truth About Decedent Credit Card Debt

Will your credit card debt haunt you when you die? Outstanding debts can be attached to an estate or trust if a creditor files a lawsuit against a decedent in court. Protect your estate and your loved ones from creditor … Continue reading

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Eight simple steps to avoid debt

By your mid-thirties, you are far enough along in life to understand that staying out of debt is a key to your longterm financial health. But have you ever sat down and thought about what, specifically, you need to do … Continue reading

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Illinois Enacting New Rules for Credit Card Companies, Debt Buyers

The Illinois Supreme Court has adopted new rules regarding procedures for credit card companies and debt buyers who file lawsuits against debtors. The rules will go into effect on Oct. 1 and will apply to both new cases and active cases … Continue reading

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How To Conquer Debt

Credit card debt is on the rise – not surprisingly considering that incomes have remained stagnant while daily expenses have increased over the past few years.  With inflation on the rise, consumers need to be vigilant about creeping emotional expenses … Continue reading

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