How to make sure my credit history will be restored if I pay the loan off to collection ?

At the very least it has to be shown as disputed and paid. Wait about 30 days after paying and then obtain copies of your 3 credit reports. ...

My employees are always asking for payroll advances. What sort of fee can I charge?

Assuming that you do not have a consumer lending license and are not a bank, 9% simple interest per annum, without other fees. Round down, not...

I received a summon to appear this monday regarding my unsettled debt of $2000.?

You absolutely need to appear, or a judgment will be entered against you. I have no idea if the settlement company is legitimate or in fact made a...

My mother passed away, what happens to her debt?

You are not liable on the debts. It is conceivable that a creditor would contend that the assets signed over to you are chargeable for her debts,...

What do I do in this situation? The lawyer is constantly calling demanding I pay the money or go to jail.

You are being scammed. Do not pay. Do not provide information. Report the call to law enforcement.

Can a creditor charge off an account when you were never in collections to begin with?

A creditor has the right to sell an account, whether or not it is behind, whether or not it has been sent to collections, and without your...

Illinois law presumes that each person on a joint account owns its entire contents, insofar as a creditor is concerned. The account holders have...

Why the collection agency didn't delete my debt after I paid the full balance?

Send the documentation showing you paid to the three credit bureaus with a letter explaining that the debt has been paid. Keep a copy. They have...

You have been scammed. You are liable to the bank. Work out a payment arrangement.

Can a creditor freeze your bank account more than once off the same debt/ judgement?

Yes, a creditor can freeze your account more than once, until the judgment is paid. Note that Illinois gives you a $4,000 "wildcard" exemption...