Memphis consumers whose financial situation becomes dire might think about filing for bankruptcy. Federal bankruptcy statutes allow Tennessee debtors to put at least a temporary halt to collection activities. Unfortunately, many would-be filers prescribe to false...
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Year: 2022
How to refinance after consumer bankruptcy
Refinancing your home in Tennessee after you have gone through bankruptcy is possible. You may have to meet certain conditions to apply for a refinance, depending on the lender. Eligibility for refinancing The type of loan you have influences how long after the...
Bankruptcy and student loans
Declaring bankruptcy for student loans in Tennessee is very difficult as the bar for declaring bankruptcy for these loans has been very high. However, some senators have been asking the Education and Justice department for reform. What borrowers must show the court To...
Getting a mortgage after bankruptcy or foreclosure
If you lost your last Tennessee home to foreclosure, it can be significantly harder to get a mortgage. Getting a home loan can also be difficult if you have a bankruptcy on your credit report. Fortunately, it may still be possible to get a home loan even if you have...
Chapter 13 bankruptcy and why it sometimes fails
A common kind of bankruptcy that some consumers file in Arkansas to remove debt is Chapter 13. However, data shows that two out of three Chapter 13 cases fail for many reasons. How Chapter 13 works Chapter 13 bankruptcy helps the consumer pay back secured debts, such...
Your medical debt may be removed
Do you have a lot of medical debt in Tennessee? If so, you may be interested in a new national initiative by the three major credit reporting agencies. If the move is successful, it may wipe up to 70% of debt off of consumer credit reports. This is a major...
Pros and cons of Chapter 13 bankruptcy
There are several types of bankruptcy in Memphis, Tennessee consumers can choose when they see no way out of debt. Chapter 7 bankruptcy is the most common, but filers must meet eligibility requirements. Chapter 13 is an option for those with a steady income who wish...
What to know about the FDCPA
If your debt gets turned over to a debt collector you may experience numerous calls. However, some consumers still don't know their rights under the Fair Debt Collection Practices Act. It is beneficial to know how the FDCPA can help you deal with debt collectors in...
What to know about debt relief companies
Working with a Tennessee debt relief company may seem like an effective way to fix your financial issues. However, the truth is that doing so may not be enough to avoid a default, repossession or foreclosure. The following examines the potential problems that you may...
How can you handle overwhelming credit card debt?
Tennessee consumers who have massive credit card debt might not know where to turn. There are steps you can take to alleviate this burden. Make more than the minimum payment Making more than the minimum payment can help when you have sizable credit card debt. If you...