Author: william-maddox
College students often end up with significant credit card debt
College is a time of freedom and independence, and for many Tennessee students, it is a time to learn a lot of life lessons. Unfortunately, some of these life lessons may include the accumulation of credit card debt. For many, college is a time of limited financial resources, and students often find themselves relying on
Which generation has the lowest amount of credit card debt?
People of all ages in Tennessee experience money problems from time to time. This is not something that is unique to millennials or people just out of college. Whether young or old, people can experience real and pressing financial concerns by holding credit card debt. While the perception may be that younger people are not
Are those credit card debt collection calls a scam or legitimate?
Credit cards can be considered a blessing and a curse depending on the situation. Some Tennessee residents may value having a card when they may need a little extra time to pay off an expense, and others may dread getting their bill each month due to having accumulated a considerable amount of credit card debt.
Younger generations and credit card debt
Most Tennessee consumers have credit cards, and many of them are able to pay them off at the end of each month. Each generation has a different approach to financial security and making prudent money decisions, and some of the younger generations are carrying a significant amount of credit card debt. Statistics indicate that Generation
Potential legislation may help those with surprise medical debt
When a Tennessee resident has medical insurance, he or she may not expect to have to pay much out of pocket when visiting a doctor, going to the emergency room or scheduling a necessary procedure. Unfortunately, many actually find themselves facing unexpected medical debt, even when they go to an in-network provider or hospital. It’s
The types of purchases that cause credit card debt to accumulate
Every financial situation is unique, and while most people have and use credit cards, the way that debt is accumulated differs from person to person. In Tennessee and elsewhere, many assume that when a person is struggling to manage his or her credit card debt it is a result of an emergency or unexpected expense,
When is debt a reason to file for Chapter 7 bankruptcy?
Most Tennessee consumers have debt, and for some, it can be an overwhelming financial burden. There are times when some people would suggest that debt is not a negative thing, but there is a line when any type of debt can become too much for a person to handle. At this point, a person would
Can Chapter 7 bankruptcy stop collection efforts?
When a person is behind with his or her payments and is unable to catch up, the creditor will work to collect payment in various ways. The company may start calling and sending letters, but if these methods are ineffective, it may turn the debt over to a collections agency. This can be overwhelming for
What is the snowball debt repayment method?
Getting out of debt can feel like an uphill battle, but it can get much easier with a smart debt repayment plan. You do not have to be a professional in debt relief to dig yourself out of significant debt. Simple solutions are available. The snowball debt relief method is proven to work if you
Eliminating credit card debt is a common goal
First there’s the outfit that will be perfect for the job interview. Then, the kids need new clothes for school. Before long, the little things combine with the bigger things and the Tennessee resident finds him or herself facing overwhelming credit card debt. Many individuals discover that credit card debt can quickly become a problem.