Can a collection agency refuse to update an accurate amount owed to try to get you to pay debt owed 16 years ago.

I agree with the previous attorney's answer. You should contact the credit reporting agencies to resolve your issue. If they don't correct the...

If never served on a foreclosure, would you be liable for any deficiency?

It is an unsettled issue. You would definitely still be liable for the 20% second mortgage amount and they may come after you personally for that....

I have a credit card debt from 2004 and it was passed to another credit agency in 2006. Does the Credit Card Debt Statue of Limi

The reason why the statute of limitations for a suit to collect a credit card debt is normally 5 years is because that is the limitations period to...

Can I sue a lender for closing my refinance account midway through the process?

Unfortunately, it was ultimately the bank's decision here. I don't think you have a claim against the bank unless you can somehow show that you got...

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Can I purchase another home even though my ex spouse has not removed me from the mortgage?

You can try to enforce the divorce decree and get her to refinance. Depending on the property, it may be hard for her to refinance. So if she's...

Can I buy a new car if I stopped paying mortgage

You can buy a new car even if you stopped paying your mortgage. The other attorney is right that in the distant future the bank may try to collect...

Illinois foreclosure question

Definitely check the court records, specifically the confirmation of sale, to see if a personal deficiency was entered against you. My opinion is,...

A forclosed home had a 1st and 2nd mortgage, can the 2nd mortgage still remain open and then someone new can purchse home?

If the first mortgage holder foreclosed on the house, and the house has been sold at the foreclosure sale and the sale confirmed, basically, the...

My bank is trying to foreclose . I don't want to lose my home.

You have probably heard this response to your question many times already, but you really need to get an attorney. I would strongly suggest someone...

Am I obligated to pay pay day loan interest rates if clerk failed to have me sign a contract and gave me the cash?

The Truth in Lending Act (TILA) covers payday loans and requires payday lenders to give certain disclosures. It seems like they didn't give you the...

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