You may have been tempted before to apply for a payday loan. After all, the ads promise quick, easy money without having to have good credit. However, as we at the Law Office of Paul R. Idlas know, payday loans often lure unsuspecting borrowers in like a spider catches a fly. You and other Illinois residents should understand what these potentially predatory loans entail.
When a homeowner in Illinois cannot continue to make payments on the property, and the lender gives permission, he or she may sell the house for less than the amount owed to the mortgage company. In this case, you may be able to purchase the real estate for a very low price.
The holidays can be a time of family and great joy. It can also be a time of great spending. For those in the process of a bankruptcy, this can pose an issue.