Category Archives: Loans

Illinois Bankruptcy Lawyers Compare Benefits of Chapter 13 to Loan Modification

Loan modification is a good idea in theory. You can’t afford your mortgage, so a modification company convinces the bank to rewrite your loan, lowering your monthly payment to a more reasonable level. You can afford to keep your house while the bank avoids having to go through the costly foreclosure process – and under… Read More »

Illinois Bankruptcy Lawyers Offer Chapter 13 as Alternative to Foreclosure

Have you noticed the post office getting a little louder lately? OK, probably not, but the recent surge in foreclosures has also led to a surge in jingle mail. What is jingle mail? It’s when homeowners walk away from their house rather than go through the foreclosure process or continue paying an upside-down mortgage. In… Read More »

Payday loans a bad deal, advise Chicago bankruptcy attorneys

Whoever said that patience is a virtue might have been talking about payday loans. You’ve probably noticed payday loan centers in your neighborhood – maybe you’ve even used them yourself. An online search for payday loans in Chicago nets nearly 300 results. And with so many folks living paycheck to paycheck, it’s no wonder. But,… Read More »