GOVERNOR J-B PRITZKER IS SIGNING A NEW LAW TO GIVE MILLIONS OF ILLINOISANS RELIEF FROM HIGH INTEREST RATES ON THEIR DEBT. 

THE CONSUMER FAIRNESS ACT LOWERS POST-JUDGMENT INTEREST RATES ON CONSUMER DEBT…AND REDUCES THE AMOUNT OF TIME THE DEBT CAN BE COLLECTED. GOVERNOR PRITZKER SAYS THEY WANT TO HELP PEOPLE STRUGGLING TO PAY OFF WHAT THEY OWE.

THIS NEW LAW LOWERS THE POST-JUDGEMENT INTEREST RATES ON CONSUMER DEBT UNDER 25 THOUSAND DOLLARS FROM NINE TO FIVE PERCENT. THIS WILL HELP PEOPLE STRUGGLING TO PAY OFF THEIR BALANCE SAYS REPRESENTATIVE WILL GUZZARDI OF CHICAGO.

ACCORDING TO THE HEARTLAND ALLIANCE…ONE IN THREE ILLINOISANS ARE IN THE DEBT COLLECTION PROCESS.