Category Archives: Uncategorized
Chicago Credit Card Debt Declines, But Illinois Consumers Still Relying on Plastic
After rising in 2011, average credit card debt and delinquency rates in the U.S. declined slightly in the first quarter of 2012. Average debt per borrower fell $242 to $4,962, while the percent of cardholders late on payments by 90 days or more dropped from 0.78 percent to 0.73 percent, according to credit bureau TransUnion…. Read More »
Chicago Bankruptcy a Better Option Than Debt Payment Services and Credit Counseling
A recent advice column on creditcards.com tells readers it would be better to slowly pay off creditors than to file bankruptcy if you have a low credit score. But Chicago Bankruptcy Lawyers disagree with this assessment and believe that continuing to drown in credit card, medical bill or other debt and struggling to keep your… Read More »
Chicago Tribune Clears Up Myths About Bankruptcy
Sometimes to move forward, you’ve got to let go. And for many folks hoping to conquer debt in 2011, that means letting go of long-held – but often unfounded – fears about bankruptcy. While bankruptcy filings are increasing each year, many of us are still holding back, according to a recent article in the Chicago… Read More »