• Chicago Bankruptcy Attorney Appalled at Creditor Harassment

    Creditors are notorious for their borderline harassing collection methods, particularly the big banks. The lengths that some of these banks go to collect is often unethical and sometimes illegal. One individual went through a particularly outrageous nightmare with Bank of America after his mother passed away, and he told his story to Consumerist.com.

    Matt, who is still a college student, had to deal with the devastating loss of his mother on October 1. After she passed, Matt went through the process of notifying credit card companies, utilities, etc., while still grieving. Matt had to call Bank of America regarding his mother’s mortgage, which proved to be much more difficult than one would expect.

    “The first call ended after the associate we are speaking to told us that the only person they could talk to was the person who was listed on the mortgage:  my mother,” Matt said. “Since she was deceased, that’s obviously not possible, so we explained ‘death’ to the person we were speaking to. They said they had to talk to my mother, we decided it was hopeless, and gave up.”

    Matt sent in a copy of the death certificate, but continued to get daily harassing phone calls approximately once per hour. Matt told the Consumerist he sent the certificate in a total of six times and the calls continued for eight weeks.

    It is outrageous that a young man had to deal with this creditor harassment while worrying about his school work and grieving his mother’s death. Please contact our firm for more bankruptcy information if you are being harassed by creditors.

    Benjamin Brand Services- Chicago bankruptcy attorney .

  • Repairing Your Credit after Bankruptcy

    For people who have filed a Chapter 13 or Chapter 7 bankruptcy , opening up another line of credit seems counterintuitive, but experts argue that it is important that you reestablish a good credit rating. Your credit takes a significant hit when you file for bankruptcy, and it will take some time and responsible use of credit to improve it to where it was before you filed.

    Personal bankruptcy will stay on your credit report for up to 10 years. If you don’t take steps to improve your credit, your rating will not improve–even after the bankruptcy is no longer on your credit history.

    Research credit cards before you take one out. Make sure to choose one that reports to all three of the major credit reporting agencies each month. Be sure to make all your payments on time-a late payment will hurt your credit more than it did before you filed. Also keep your balance low, experts suggest using no more than 10 to 15 percent of your available credit.

    Please contact our firm for a free consultation.

    Benjamin Brand Services- Chicago bankruptcy attorney .