Do banks loan their own money when extending a line of credit or approving credit card applications for consumers?

They may lend their own money or money which they borrow from depositors, other banks, or others. Regardless of what you may read on certain web...

I am receiving threatening phone calls about a payday loan that I never took out, I am being threatened with criminal fraud

This is a common scam. Report it to the Attorney General, FTC and Consumer Financial Protection Bureau. A lawsuit is not feasible -- no one to...

My wife died 6/18/2014 and I was an authorized user of her credit card, I notified the credit card customer service of her death

Generally an authorized user is not liable for any charges on the account, at least if no use was made of the account after death. Only the estate...

Hi, I have a car that is in repo bought in another State. Have issue with dealer selling me a prior crashed(totaled)car.

Generally if you find yourself unable to afford a car, you are much better off selling it than allowing it to be repossessed. This is because...

What kind of lawyer do i need to help me deal with debt collectors/collection agency/creditors?

A consumer lawyer who handles Fair Debt Collection Practices Act and Fair Credit Reporting Act cases

Check with an attorney, but assuming you have made no payments since repossession, the debt is almost certainly barred by the statute of...

My friend had loaned his credit card to another friend. The card was maxed out. Is my friend liable for those transactions?

Generally, if you voluintarily create the appearance that someone is authorized to engage in transactions on your behalf, such as by providing an...

Can we be taken to court over a truck that was repossessed over 6 yrs ago?

Consult an attorney before doing anything. The answer will usually depend on whether the contract was a loan (usually, but always, you deal...

I'm being sued for a accumulation of a couple hospital bills. Not sure what to do or what my rights are.

In Illinois most hospital bills are governed by the five-year statute of limitations for contracts not wholly in writing. A bill for an elective...

I need help my i was scammed out of 998 plus got charged 20 bank fees for a bogus check that was sent to me

This is a very common scam. The check was undoubtedly counterfeit. Under no circumstances should anyone ever agree to deposit funds on condition...