Lynch Law Offices, P.C.
Call Us Now for a FREE Consultation:
Offices in Four Convenient Locations

It's good to let go of guilt over credit card debt

When someone in Illinois winds up in hot financial water because of insurmountable bills, too often the greatest burden of guilt is self-imposed. No one is better at making us feel bad about ourselves than us. Unfortunately, credit card issues know this. So do the credit rating reporting companies. And the industry knows how to take advantage of individual consumer debt trouble.

It should come as no surprise that there is plenty of guilt to go around when it comes to the credit industry. All you have to do is attend to the news headlines to know this.

Not long ago, The New York Times reported that federal regulators are getting set to issue new rules to make it harder for debt collectors to hound borrowers.

Then there was the recent item in The Washington Post under the headline, "How the careless errors of credit reporting agencies are ruining people's lives." Not only are the files of the agencies corrupt with mistakes, but the people that manage them often don't seem to be in any hurry to make corrections when errors are abundantly clear. It can take weeks or even months, by which time one's credit rating may have tanked.

There are laws on the books that are supposed to ensure unscrupulous collectors don't hound consumers to distraction. Reporting agencies also face legal requirements to ensure integrity. What's clear is that regulations aren't always enforced and that most consumers, unaware of their rights, don't know what options they have, such as bankruptcy, for protection and relief.

You can take the initiative on your own behalf when you contact a skilled attorney. Learn your rights. Explore your options.

No Comments

Leave a comment
Comment Information

How Can we Help You? Contact An Attorney

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Four Convenient Office Locations To Serve You

Toll Free: 800-491-7493 Fax: 888-691-8337

Five Convenient Office Locations To Serve You

Lisle Office - DuPage County
1011 Warrenville Road
Suite 150
Lisle, IL 60532

Map & Directions

Lockport Office - Will County
900 South State Street
Second Floor, Suite A
Lockport, IL 60441

Map & Directions

Aurora Office - Kane County
1444 North Farnsworth
Suite 100
Aurora, IL 60505

Map & Directions

Palatine Office - Cook County
800 East Northwest Highway
Suite 700
Palatine, IL 60074

Map & Directions

Chicago Office - Cook County
1 S Dearborn
Suite 2100
Chicago, IL 60603

Map & Directions

Toll Free: 800-491-7493 Fax: 630-960-4755