What is the statute of limitations in Illinois for a store credit card?

The Appellate Court ruled against the 4 year contention. The statute runs from the later of default or last payment (not closure or chargeoff)...

I have been summoned for credit card debt?

You should appear, ask for a trial, and point out your financial circumstances. If you are not collectible and aren't going to admit the debt,...

Want to know if this debt collection is likely a scam?

The call is a scam. The statutes of limitations are 4, 5 and 10 years from default or last payment (whichever is later). Sounds like they have...

Can I sue a collection company/apartment complex in another state that I am now a resident of?

Generally you can sue a debt collector where you received an improper collection communication, at least if it was addressed to that location, and...

Do we have any recourse against the selling dealership?

You may have a claim, depending on: (1) what representations were made regarding the condition of the vehicle; (2) what warranties you received;...

Can they repossess my vehicle after 3 weeks missed weekly payments

1. You are bound by what you signed, regardless of prior oral statements. 2. Missed payments allow repossession. There is no minimum amount or...

False statements in applying for credit are generally an act of default entitling a creditor to repossess.

Pay day loan

First question: did you obtain a loan from a lender licensed to lend to IL residents or an internet loan. If this is an unlicensed internet...

Do I need a lawyer for a summons on a debt collection from another state?

Have a consumer lawyer review this. It should not cost you anything to consult (at least that is our practice). Unless you signed a contract in...

What will happen if I transfer a bad check to my bank account?

Any scheme whereby a business sends you a check, asks you to deposit it, and send part of the proceeds to someone (in any form) should be treated...