Month: April 2017
Things to think about in regard to Chapter 7 bankruptcy
For many Tennessee residents, financial strain has altered daily life. The stress and turmoil of being buried under a mountain of debt is hard to properly portray, but anyone who has lived this way knows exactly what it means to feel overwhelmed by debt. Chapter 7 bankruptcy offers a path out of debt and back
How to deal with delinquent credit card debt
Living in Knoxville means you are no stranger to hard work. There is nothing wrong with you wanting the finer things in life. But if you have racked up a ton of credit card debt to get those things, then you may be facing some gut-wrenching decisions to improve your financial situation. No matter what you
Debt management tips for the years after personal bankruptcy
When it comes to creating a stronger financial foundation after personal bankruptcy, it is often helpful to take a close look at the path, while also maintaining a forward-focused plan of action. That involves giving careful consideration to how one’s debt troubles became so pronounced, and taking active steps toward choosing a different path in
According to a recently-published study, at least 25 percent of those from either the Millennial
According to a recently-published study, at least 25 percent of those from either the Millennial or GenX population find themselves encumbered by medical bills. These same groups, which cover the 18- to 50-year-old demographic, comprise the population with the highest medical debt among any generational group as well. While an initial thought process may lead
Many struggle with credit card debt after divorce
For many Tennessee residents, going through a divorce can lead to serious financial problems. To begin, simply having to operate two households with the same income that previously covered one will put a squeeze on the finances of both parties. Then there is the matter of property division to consider. The division of marital wealth
When most people file for bankruptcy, they assume it’s very much a file-it-and-forget-it type
When most people file for bankruptcy, they assume it’s very much a file-it-and-forget-it type of situation where a judge will approve their request for debt relief. However, it’s not. Instead, filing for and having your bankruptcy discharge request approved may not happen if the trustee in your case has reason to suspect you were untruthful
Is a stronger economy weakening consumers financially?
Economic turnarounds usually motivate American consumers to spend more. The end of the Great Recession of 2008 was no different from other recoveries. The good news is that buying habits are reverting to pre-recession levels. The more troubling news is that purchases are being put on plastic. Credit card debt is growing at record levels.
A recent study conducted among 1,000 adults between February 23 and 24, 2017 suggests the increased health care
A recent study conducted among 1,000 adults between February 23 and 24, 2017 suggests the increased health care costs continue to plague the American consumer. The study, a collaborative effort carried out by the global market research firms, Amino and Ipsos, suggests that American consumers continue to be plagued by concerns over overwhelming medical debt
Authorized users can create serious credit card debt
Many Tennessee residents have added a friend or loved one to one or more of their credit cards. Adding someone as an “authorized user” can help boost their credit score, and is a great tool for someone who is just starting to establish credit, or is recovering from a serious credit score setback. This act