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Date: 09/16/2025

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Money & Debt

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Loans

Be careful anytime you are taking out a loan. These resources explain the rules and give some tips for protecting yourself.

Understanding car repossession
Understand when your lender can take your car and what your options are.
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Forgiveness, cancellation, and discharge of student loans
Learn about about different loan forgiveness options, who can qualify, and where to find more resources.
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Costs for storage of impounded cars - Chicago
If your car is towed or impounded for outstanding parking ticket debt in Chicago you have several options. The cost of storage fees for impounded cars in Chicago is listed here together with links to the search tool offered by CPD called "Where's my car?"
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Car loan basics
Understand car loans, including what to do before applying, interest rates and APR, and what you can negotiate.
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Your rights as a college student in Illinois
Learn more about how to access transcripts, student debt on credit reports, and withdrawing from school during hardship.

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Buying and keeping a used car
Describes buying and keeping a used car as well as where to get help if your car is repossessed.
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What are payday loans?
Understand the risks of payday loans and your option to enter into a repayment plan.
How-To
What is a title loan?
Helps you understand title loans and why you should look at other options.
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Student loan acronyms and phrases
Learn the common acronyms and phrases used in student loans.
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Real Estate Litigation
Information on real estate litigation including defenses to mortgage foreclosure and defenses to predatory lending. 2024 edition
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ILAO is a registered 501(c)(3) nonprofit organization. ILAO's tax identification number is 20-2917133.

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© 2025 Illinois Legal Aid Online. 
All rights reserved.
 
ILAO is a registered 501(c)(3) nonprofit organization. ILAO's tax identification number is 20-2917133.