Attorneys

Illinois Collections-Creditors Rights FAQs

• Q: Are Any Debts Chargeable To The Other Spouse?
  A: The situation most frequently arises where, after separation but before divorce, the wife runs up debts in her own name (not on the husband's credit card). The wife … More
• Q: What Are The First Steps Creditors Take To Get Consumers To Pay?
  A: Most creditors will write or call to try to collect a past due debt. Sometimes the calls or letters rise to the level of harassment. For example, a creditor might call … More
• Q: Can a creditor give a debtor bad credit?
  A: In many cases, the creditor will give a bad credit rating by reporting a late payment or failure to pay to a credit reporting agency. A bad credit rating may affect … More
• Q: What About Refinancing?
  A: A creditor or a finance company may try to "refinance" the debt. Refinancing involves replacing one or more of the debts with a new one. It is often offered as a way … More
• Q: What Is A Garnishment Proceeding?
  A: A garnishment proceeding is usually against a bank, which holds your account to turn over to the creditor money in the account.

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