Author: william-maddox
When is the right time to file for bankruptcy?
In a tough spot financially? If you are, you are not alone. Right now, numerous Tennessee residents are in the same position, and they, like you, just want to figure a way out of it. While there are various debt relief programs out there, the one thing a lot of people want to know is:
How the FDCPA protects you
Financial stress is something that many Tennessee residents are all too familiar with. Some may be barely making it, living paycheck to paycheck, and others may find themselves so deep in debt that many of their accounts have been sent to collections. The last thing anyone needs to deal with when already in a bad
Federal law confronts ongoing creditor harassment, protects you
It is getting on your nerves, causing additional stress to what you are already experiencing as you cope with extreme debt. You know that you have financial troubles, and you are working on resolving them as you take a step closer to filing for bankruptcy. However, you do not need to by continuously reminded by
These 5 issues often spark financial crisis
Many Tennessee residents keep close tabs on their finances. Then again, most do not have a financial degree of any kind but simply try to stay within budget and review their financial status every month or so. Either way, there’s no way to guarantee that financial challenges will never arise, especially a full-blown financial crisis
Chapter 7 bankruptcy can be helpful but complicated
It can be challenging to face a difficult financial situation head on. In fact, many Tennessee residents may not know how they could effectively handle their overwhelming debt, and as a result, it continues to get worse. However, Chapter 7 bankruptcy is a common debt relief option that consumers take advantage of. While it can
Choosing the right way to handle consumer debt
Most consumers carry some debt, whether it’s from credit card use or student loans. These balances are often manageable, but a single event, such as a medical emergency or job loss, can affect the ability to keep up with payments and avoid additional interests. It does not take long for debt to spiral out of
Understanding Chapter 13 bankruptcy eligibility
Life is completely unpredictable. Even when Tennessee residents feel like they have a handle on their economic situation, unexpected events can suddenly cause things to spiral out of control. Medical expenses, auto repairs or necessary expenditures on the home can quickly put families under a mountain of debt and make it difficult to meet financial
How will bankruptcy affect your credit score?
Credit card debt remains one of the leading causes of bankruptcy. While the prospect of filing may scare you, doing so could also help you improve your credit over time. Yet, whether you file Chapter 7 or Chapter 13 bankruptcy, your credit score will take an immediate hit. But by knowing the timeline for rebuilding
Is Chapter 7 bankruptcy the best option?
Those who are gainfully employed in Tennessee may feel financially safe and secure. Regardless of how stable a situation may seem, however, no person is immune to financial difficulties. These days, people are losing jobs while continuing to pile on debt. In a scenario such as this, it can seem like there’s no way out.
Creditor harassment and time-barred debt
The call seemed to come out of nowhere. In fact, a Tennessee resident may not really understand what was behind the call. The only thing that is clear is that there is a collection agency claiming that he or she owes money and is insisting that it be repaid. Is creditor harassment going to become