Credit cards are very convenient financial tools. They allow people to spend money that they do not yet have based on the income they generate or the assets they own. Lenders charge a premium interest rate in many cases for these revolving lines of credit. However, so...
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Consumer bankruptcy
How can bankruptcy help to resolve creditor harassment?
There are federal laws limiting the activity of collection professionals. The rules include restrictions on times during which it is inappropriate to call, the right of workers to refuse calls on the job and limitations on how collection professionals speak to...
Reliance on overdrafts linked to high risk of bankruptcy
Inflation has proven difficult for many consumers in Tennessee to overcome. Rising costs for essentials weaken people's ability to cope with unexpected costs, like a medical emergency or broken vehicle. In these situations, you might overdraw your bank account when...
Shelby County’s high bankruptcy rate
People file for bankruptcy in federal courts across the United States. Statistics show a significant number of bankruptcy filings in Tennessee, leading some to wonder why. Understanding the reasons for bankruptcy helps some make decisions that could prevent debt...
What to do about student loan debt
An increasingly common scenario in the United States is people older than 50 still owing on their student loan balances. This has shown itself to be a major issue not just on the individual level, but for the nation and society. It's become clearer than ever that it's...
Recommended methods for managing medical debt
The cost of most medical services in Tennessee far exceeds what the average person has the ability to pay. Health insurance often does not cover all expenses, which will leave you with medical debts. You are not alone in this situation. According to the National...
How long do personal bankruptcies remain on credit reports?
Tennessee residents struggling with unmanageable financial situations are sometimes put off seeking debt relief because they are worried about the impact filing for bankruptcy would have on their credit. Bankruptcies appear in the public records section of credit...
How diabetes contributes to medical debt
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...
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...