In Tennessee and other southern states, many individuals have diabetes or other chronic illnesses, with treatment costs contributing to high medical debt. A lack of adequate assistance from financial programs such as Medicaid has exacerbated the issue. The disease and...
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Appeals court rejects attempt to block student loan settlement
More than 200,000 borrowers in Tennessee and around the country could soon see their student loans discharged. On March 29, the U.S. Court of Appeals for the Ninth Circuit paved the way for about $6 billion in student loans to be forgiven when it denied a request from...
Understanding credit repair
According to studies, approximately 68 million Americans deal with bad or poor credit. For Tennessee residents with poor credit, buying a home, purchasing a vehicle, and various other tasks become impossible. Fortunately, credit repair options allow those with poor...
Credit card debts soars while savings plummet
Credit card debt is growing at an alarming rate in Tennessee and around the country. In the final quarter of 2022, the amount of money Americans owe to credit card companies increased by more than $60 billion to $986 billion. In January 2023, that figure rose by a...
Laws that decrease the amount of medical debt on credit reports
If you have significant medical debt, you are likely familiar with its negative impact on your credit score. Fortunately, recent changes in Tennessee law regarding medical debt have decreased the impact it has on credit reports. How medical debt affects credit reports...
Getting a mortgage after bankruptcy
Going through bankruptcy in Tennessee negatively affects your credit score and can wreak havoc on your finances. It can also take a toll on you emotionally, and if you are looking to purchase a new home you might fear that no banks will lend to you. Many people have...
Keeping a home during a bankruptcy proceeding
If you are struggling to pay your bills, filing for bankruptcy may be an ideal way to eliminate or reorganize existing debt balances. Depending on the circumstances of your case, it may be possible to do so without losing your Tennessee home. There are a number of...
The role of a bankruptcy trustee in Tennessee
At a certain point, your debts and obligations may become overwhelming, and bankruptcy may be the best option to get your financial life back on track. If you find yourself in this position, it's crucial to understand the details of the bankruptcy process. The...
How can you get out of credit card debt?
Residents of Tennessee dealing with large credit card debt can feel hopeless. However, there are always options that can help. While bankruptcy is one, it should be used only after exhausting the alternatives. These are a few things you can do to alleviate your credit...
Buy now, pay later programs may be risky for Tennessee residents
"Buy now, pay later" plans have become increasingly popular in Tennessee in recent years. They allow consumers to purchase items without having to worry about paying for them right away. This can be a great convenience, but there is a dark side to these plans that...