FICO Creates New UltraFICO Scoring System

FICO has announced that as of 2019 it will be rolling out a new scoring system after focusing almost exclusively on a consumer’s payment history.  FICO’s new scoring system will consider money management in ranking a borrower’s credit score.

Specifically, FICO scores will now look at how consumers manage checking, savings, and money-market accounts — and use that data to make determinations on a borrower’s creditworthiness.  The new score is called the “UltraFICO” score.

Although the UltraFICO will be released at the start of 2019, the score will not be widely available.  After a short pilot of the UltraFICO scoring system, FICO plans to offer the score to all lenders by the summer.

Factors the UltraFICO will take into account include: (1) an analysis of your average account balance; (2) a history of past overdrawn accounts; (3) an analysis of your deposits v. withdrawals; (4) the amount of time you have had an active checking account; and (5) whether you regularly pay your bills from your account.

There has been a long-standing myth that Bankruptcy can ruin your credit score.  Studies, however, indicate Bankruptcy actually helps your credit score.  A 2010 Federal Reserve Bank study showed the average credit score at filing was 538.  By the time the bankruptcy case discharged, the petitioner’s credit score had risen nearly 80 points.  Harvard conducted a study, focused on Chapter 13 bankruptcy cases, that concluded chapter 13 bankruptcy actually increases an individual’s credit score and the probability of becoming a homeowner.

The new scoring system can benefit people in Chapter 7 and Chapter 13 bankruptcy.  Since Chapter 7 eliminates your debt, you will be able to start saving and show a positive cash flow on your account.  While chapter 13 can assist consumers by establishing regular bill pay activity from their accounts.

You can learn more about the UltraFICO score at:

Geraci Law Aurora Clients

“Highly recommend this law firm. I was stressing over the whole bankruptcy thing but didn’t have a choice to file or not. My only decision was about which law firm  to use. Really glad I picked Geraci Law. The attorney assigned to my case was Jason Kara. Jason was easy to work with and knew his stuff pertaining to bankruptcy and what was best for me. He made me feel at ease and the filing went smoothly. There were no surprises with them. I feel properly represented and am so relieved this trying ordeal will be over soon. Thanks Jason. And thanks to Geraci Law.
Would recommend them to anyone.” – Martin

Extremely satisfied customer.  Very professional service the entire process. Communication was  great even via email and text. I would refer this law firm for anyone who may be a bit hesitant and unsure of the steps to take control over your future as far as debt is concerned. I was provided the best advise from beginning to the end.  I am glad to have chosen this location.” – Barbara

“Jason is by far fantastic. He was very reassuring and answered all my questions with kindness and honesty. I consulted with 2 other attorneys and left feeling scared and nervous. A friend recommended Geraci Law and I can honestly say I left the appointment feeling like the weight had been lifted off my shoulders and I could finally breathe. I highly recommend  the team at Geraci Law in Aurora, ask for Jason. He will make you feel like family.” – Elizabeth

“I really had a great experience with the staff members at this location everyone was very friendly and welcoming at this location.  I first met with Alex Wilson.  He assisted me in determining  a strategy and determining how I should proceed with my legal matter.  He answered all my questions and explained everything in detail.  He kept me in the loop with all the details and sent timely e-mails and texts.  On my next visit I met with Jason Kara.  The next step was to sign the paper work and to double check if I omitted anything.  Jason was very friendly also.  He made sure I did not leave with any unanswered questions.  This office is very professional, friendly and compassionate.
Thank you again for everything Alex and Jason!” – Ed

My husband and I met and worked with two very knowledgeable and professional young men at this office this week, both by the name of Jason.  They were both very courteous and patient as they listened and answered our many questions.  We truly appreciate the care and attention we received.” – Maria

Jason and christine were totally helpful! They made me feel so much better about my debt problems! These lawyers are fantastic at what they do! Awesome team here thank you two for making me haave a better future all thunbs up!!” – Devon

Geraci Law Berwyn Clients

My husband and I appreciate the hospitality we were shown at the office. We also are very pleased with how Frank handled our case and explained everything to us. He has very good customer service which we really appreciate.” – Shun

My attorney at Geraci Law Andrew has been a life saver and explained my options and made me feel a whole lot better. Before I came in, I felt like I was in a void. But after speaking to Andrew I felt much better. I no longer feel like a bad person. My friends recommended me to Geraci Law and I would recommend Geraci Law to anyone too.” – Coco

“My first time filling for bankruptcy and was scared and worried and didn’t know where to start I called the office to make an appointment and they were nice on the phone and helped me on making a appointment when I can to the office I was assisted by Frank and he was so helpful and so informative and helped me feel better and understand the different type of bankruptcy and options I have and now I am in the process of filing feeling confident and helping me with a new start I highly recommended this office and the great assistant from Frank thanks again to Frank I can have a new start.” – Rose

I spoke with Rick and he laid everything out for me in the simplest terms possible. He even stayed well after their closing time to make sure that I understood all of my options. I highly recommend that anyone considering bankruptcy ask for Ricardo Gomez.” – Antoine

While Target Leaves Chatham, Geraci Law, Bankruptcy and Injury Attorneys, Stay at 8658 S. Cottage Grove, Chicago.

Geraci Law is the only law firm in Chicago with offices in neighborhoods abandoned by major retailers and law firms.  Geraci Law serves Chicago’s south side communities with first-class legal services from local offices in

Chatham at 8658 S. Cottage Grove,

Geraci Law Roseland at 115th and Halsted, and \

Geraci Law Washington Park in the Harold Washington Office Center at 51st and Wentworth.  

Target is leaving their 126,000 square-foot store at 8650 South Cottage Grove Avenue in Chicago because its “not profitable”.  While Target and other stores are leaving Cottage Grove and the surrounding South suburbs, Geraci Law is staying.  The firm’s founder Peter Francis Geraci believes in serving local communities while most lawyers have fled to downtown and the suburbs.

Geraci Law has 26 city and suburban locations, with Chicagoland offices on 22nd St., 51st street, 63rd  street, 87th  street, 95th street, 115th street, 159th street, and 171st street, as well as North and Harlem, Cicero and Irving, and 234 N. Ashland.

Geraci Law is the ONLY firm with 26 offices in Chicago and the surrounding suburbs, nearly 20,000 5 star reviews, Client Corner, and Geraci Law is the ONLY firm with the mission to Change your life for the better.  Remember, when you need to be debt free, 1-800-CALL-PFG.

Geraci Law is a debt relief agency helping you file for chapter 7 or 13 bankruptcy relief.  

Geraci Law Evergreen Park

We moved! Geraci Law moved to 3560 W 95th Street. See what our clients say about their Geraci Law experience…

Mario and Ashley were a BIG help! I was not rushed. They actually took time to discuss what we can do to better my financial state. No hidden fees like those other places i recommend everyone goes here first. Quality over quantity.” – Neishe

Stress free, great experience. Warm and friendly. I really felt like I belonged when I walked into the office. The paralegal DJ knew exactly who I was when I walked through the door and greeted me personally. I think Attorney Mario was amazing from the jump and he really went above and beyond to make sure I understood what I was getting into. Attorney Frank was also helpful when I stopped in and needed to provide additional information. Lastly, attorney Ashley was THE BOMB! She made sure every question was answered ansi understood what would happen from this point forward. The virtual aspect of the appointment was also nice and a new experience for me!” – Tammera

Today my visit with Ms.A.Chike, was awesome. She took her time out to explain everything. She went over EVERYTHING in full detail and I appreciate her support. I would certainly recommend her to anyone I know that is looking to file bankruptcy. I truly believe Ms. Ashley deserves more than 5 stars for her amount of time and energy she put into helping me.” – Vicki

I still like to give a shout out to DJ she was excellent the customer service was great she’s smiles asked me if I wanted anything to drink that I could help myself. In assured me everything was gonna be all right she told me what I needed to bring she called me to remind me so I wouldn’t forget the atmosphere with her just being there Was also a pleasure when I walked in the door she greeted me with an amazing smile and she knew my name so the receptionist is the best person DJ you rock keep up the good work DJ you make clients want to come back. ” – Deborah

very great experience attorney parker really worked with me talked with me seeing that I’m so young informing me the best way to take care of debt and how to maintain to where I don’t be back in debt I would definitely recommend to a friend.” – Matthew

Very knowledgeable staff, friendly, and did I say Knowledgeable!!! What started out as a very scary experience, turned out to be quite alright. 2 mins after sitting down for the initial consultation, I became worry free. Thoroughly explaining the process, combined with the reassurance that you’re not the only person that’s going through a rough patch, actually released the stress and anxiety. I wish I could give it more stars. P.S. It’s just like the commercial says, “it’s like a trip to the dentist, you’re scared at first, but once you get in and get the work done, you’re definitely glad you came” (it goes something like that lol) #Thanks”

Geraci Law Joliet Clients

“After my wife and I had gotten behind, we looked at many options, even reaching out to creditors and making deals with them. Once the deals were not good enough the harassment started, it was then we decided to call Geraci Law, Joliet. From the beginning our experience has been absolutely effortless, with the exception of gathering basic information such as pay stubs, taxes, a class, etc. It was definitely worth it. They’ve been extremely helpful, accommodating, informative, and kind. Answering our every question, concern, and though, even the silly myths. Also extremely thorough as to turn every stone. Thank you for all of your help the keys to the door of our new start. Thank you Mrs. Schindler for starting and Mr. Clansing for the excellent closing.” – Eric

They are a blessing, the Joliet office had my back, their word was as good as Gold. Their promise and commitment is Superior, like me if your in need than know Geraci Law is their for you.👍😎🇺🇸💗.” – Robert

Nicole was wonderful. She was the first person I met when I visited PFG and walked me through the entire process and made everything go smoothly. Her professionalism and personality made me feel at ease during this difficult time. She is the best!!” – Eric

Geraci Law has been very helpful! I worked with Kristin Schindler and David who explained everything I needed to know and everything went smoothly. I am grateful for the help. Thank you Geraci Law! – Tracy 

I love the service that  I receive there. The attorney  Adam Suchy was so Awesome help an friendly. He as very understanding and helpful. I made the right choice  by going to them. He we a big blessing to me and my kids…thanks Adam…May God bless you and your family.” – Sharron

Geraci Law adds New Monument Sign in Evergreen Park, Illinois

The newest Geraci Law office in Evergreen Park, Illinois, has a big addition.  The twenty-foot tall sign-post carries an eight-foot by eight-foot monument sign with an LED display.  The new LED display is two-feet by eight-feet and can display both video and images.  The new sign will make it easier for Geraci Law clients to find the new office location since Geraci Law recently moved.

180911 SOU Sign



The new Geraci Law Office Location in Evergreen Park IL replaces the old Geraci Law office at 3640 West 95th Street to a larger office at 3560 West 95th Street approximately a month ago.  The new Geraci law office has 3 attorney offices and a large waiting room and reception area.  The office has a larger (fenced in) parking lot with.  You can access the parking lot by driving around to the back of the building.  The office is located west of Kedzie on 95th street and across the street from pearl vision.

“THE BEST!” – Geraci Law Downers Grove

“Adam and Alex were very helpful and empathetic to me and how I got into my current situation.  Not condescending at all, unlike the other lawyers I spoke to. I left the office confident and relieved.  I highly recommend this office. I have quite a few friends who have used PFG in past years and were very satisfied as well.  Thank you for helping me start over.” – Rita

“I worked with Adam Suchy and he was very knowledgeable and patient. he took the time to explain all the options and didn’t focus on the bottom line for the firm. Hes passionate about his clients and concerned for their continued success. I greatly appreciate him. best attorney ever!” – Chandra

“This service was fast, everybody was friendly and straight forward. I had never filed for bankruptcy before and they did make me feel like I was not alone. I appreciate them helping me every step of the way and recommend anybody who has been suffering a hard time such as myself at least come in for a consultation.” – Darius 

I must say my experience with Geraci Law has been excellent. My attorney Adam Suchy has been a tremendous help with the whole process of filing for bankruptcy. He has been a great help in getting me a fresh start. The weight has been lifted from my shoulders. I can’t thank Adam enough for what he and his staff have done for me. Thank you Adam and thank you Geraci Law.” – Michael

I fell into some financial problems due to a job loss and 1 to many Financial mistakes. Alex saved my house, saved my cars, and even saved my motorcycle. Everything that my wife and I worked so hard for. Finance and budgeting definitely are not one of my strong points but they have helped me every step of the way from getting me a payment that I can afford (chapter 13) to explaining everything I didn’t understand and he never treated me like an idiot. That meant a lot to me . For everyone who is staying up late in bed worrying about how your going to pay your bills and if your going to loose everything. Please call Alex or another member of his team !

Geraci Law Schaumburg Clients

“Very friendly and experienced Jason and Joseph. Very helpful I would recommend them ANYTIME!!! Keep doing awesome work guys. 20 stars if I could.” – Sergio

“Upon scheduling an appointment, I was very pleased to find out it was a simple procedure. Arriving at the office was easy and I was immediately helped. After completing the necessary paperwork, I was brought into the office and was thoroughly explained all the procedures and instructions that were going to take place. Every question that came up was answered beyond efficiently and I left without any confusion or discomfort of my experience.” – Cody

“Mark Levine and Joseph o’donofrio were absolutely wonderful. They helped me through the whole process, made it simple and easy. The law offices were also very understanding to payment agreements since i had a major surgery and was off for 5 weeks unpaid. I appreciate the work you have done for me. Thank you!!!” – Kim

“Joseph was very helpful, he made my case very simple and easy. He explained how the whole case will go including time frames. By far the best office I have been to. Their hours make them easy to get ahold of as well.” – Phillip

“My experience with the law group was excellent. They made me feel very comfortable and walked me through the process. Very quick and efficient and affordable! I recommend them for your bankruptcy needs. You’ll be in great hands! Thank you so much! You all are awesome!!!!!” – Meisha

Geraci law took great care of us. Joseph  and Marc  explained  everything  and hammered out  the paperwork.  THANKS  Geraci I would recommend  you guys to my family and friends.” – Terry

The staff at the Schaumburg office are outstanding.  Attorney Mark L. and Jason K. are knowledgeable and helpful.  Your stress level meter will drop from 100 to zero in minutes.  Fair price with excellent service.  5 stars!” – Lynn

Amazingly great service they make you feel at ease.  I worked  with mark affolter a very knowledgeable and sincere person. Im not afraid of bankruptcy it saved me! Go to pfg thy will take great care of you put your thoughts in a good place and be ready to start a new and better future. Thanks all of you” – Kristen

“Great standup guys at the Schaumburg office they explained everything in detail very thorough. They made a nervous experience a pleasant one walked out feeling positive! I would strongly recommend this office for help ,a big thank you to Joe D’Onofrio and Marc C.Affolter!” – Jesse

Geraci Law North Side Chicago Clients

“Lizette Villegas was very helpful and answer every question we had. She was great. We recommend this office. They are very understanding and explain everything. You have any issue they do a great job answering you questions. I would highly recommend this office.” – Stephen

“Amazing customer service! Felt like I was working with a friend, never felt the burden of bankruptcy. Definitely recommend working with Wylie Mok. Made sure everything was taken care of. Overall very spectacular service!” – Brianna

“I worked with Wylie Mok on a case in which I found him extremely responsive to all my questions and he provided great legal advice and representation. In my history working with lawyers, I believe, Wylie was among, if not the best. I highly recommend him.”  – Cory

“I am very happy and satisfied with Geraci Law, especially with my attorney Liz. She was extremely patient with me and explained everything step by step. I no longer feel confused about the process. I will finally get my license back! Thank you for everything!” – Karen

“Wylie was absolutely AMAZING and helpful! He explained everything in great detail and made me feel very comfortable! I would 100% recommend him to anyone and everyone!!!!” – Michelle

“I felt very comfortable with Geraci Law. My attorney, Liz explained everything to me. I was able to trust her and she walked me through the entire process. Liz was very patient and helpful. I finally feel at ease and very relieved.” – Cynthia

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