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...
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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...
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...