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Financial relief headed for Hoosiers

Posted at 11:35 PM, Jan 28, 2016
and last updated 2016-01-28 23:35:14-05

INDIANAPOLIS -- More relief is on the way to hundreds of Hoosiers in Indianapolis struggling to keep their homes and get out from under debt. 

And it's all thanks to a big bank that was doing something it should not have. 

On the hook for illegal debt collection practices, Chase Bank settled for millions. 

Roughly 700,000 Hoosiers were impacted and now Indiana Attorney General Greg Zoeller is dishing out part of that settlement from Chase Bank. 

Indiana Legal Services received $300,000 so far. Zoeller called it a first installment to help with legal aid, debt counseling and foreclosure prevention. 

Hundreds of people had turned to Indiana Legal Services to try and keep their homes from being foreclosed upon. 

The settlement money should provide some of them relief and the resources they need to keep their homes. 

"Housing issues include evictions and foreclosures. The money will be used for that purpose, not just in Indianapolis, but across the state, we have eight offices across the state," Jon Laramore with Indiana Legal Services said. 

Last year, more than 700,000 Hoosiers were already filing to lose their homes. ILS worked to help hundreds of them. 

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