Best friend was helping me with a little money for years and now asking all the money back?

The statute of limitations on an unwritten contract in Illinois is five years. The statute of frauds bars enforcement of unwritten agreements...

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Whatbhappens to my funds if my bank closes my acct because my old bank places me on chex systems?

You cannot be deprived of your money. Chexsystems is like a credit bureau, and its reports are treated as credit reports. You have the right to...

Can my license be revoked for a payday loan

No. The caller is scamming you. Unfortunately, calls of this nature are common. Do not assume that the person is even authorized to collect any...

Can an old bank I left with an overdrawn account take $$ from a new already opened bank account?

If it is another branch of the same bank, quite possibly yes. Banks have a right of "setoff" whereby they can apply the contents of asset accounts...

In my state the statute of limitations for collecting credit card debt is six years what happens if I move to a different state?

This is not a question that can be answered in the abstract. Some states apply their own statute of limitations. Some states "borrow" a shorter...

Question about Usury Law. Please help.

There isn't. Under federal law, banks can "export" the rates they can charge in their home states to customers located in other states. Federal...

Can you use your mortage insurance to pay your mortage in full

No. FHA mortgage insurance insures the lender against your failure to pay. The loan documents require that you keep the property insured against...

Do I have to pay interest on a judgment, even if the creditor did not demand it and it was within 30 days of entry?

Yes. Interest on a judgment is 9% simple interest from entry. It is probably trivial, although you don't state amount of judgment.

Can a bank take money owed on a credit card from a checking account before giving money to estate?

No, with qualifications: 15 U.S.C.A. § 1666h § 1666h. Offset of cardholder's indebtedness by issuer of credit card with funds deposited with...

I am being sued for defaulting on a credit card. What should I do ? And what realistic options do I have?

Never assume that you cannot avid a judgment. A debt buyer usually cannot prove anything ,including its ownership of the debt. Consult a consumer...