Author: william-maddox
Debt management could be the right way to deal with some balances
When a Tennessee consumer is facing overwhelming debt, it can lead to various types of financial complications. One of the most frustrating consequences is the constant contact and attempts at collection by debt collectors and creditors. To make this stop and to deal with various types of unpaid balances, a consumer may consider filing for
SEND US A MESSAGE Will credit card debt land a consumer in jail?
There are many consequences that come as a result of owing a significant amount of debt. For Tennessee consumers who have past-due credit card debt, one of the most prominent consequences is dealing with creditors and debt collectors who are trying to collect payment. One method they sometimes employ is scaring the consumer with certain
Medical debt is a major problem for many Tennessee patients
Medical care is expensive, even for those in Tennessee who have insurance. A hospital stay, prolonged illness or traumatic injury can result in bills that can quickly overwhelm a patient and family. Insurance doesn’t always cover every aspect of a patient’s care, and the result can be medical debt and mounds of paperwork that can
Does forbearance actually lead to more credit card debt?
There are many reasons why Tennessee consumers are not able to make timely credit card payments, and it is often because of reasons beyond their control. Whether it is because of job loss, sickness or other reasons, credit card debt can quickly accumulate when there is a reduction in income or unexpected expenses. This may
Seeking debt relief from certain types of debt
Most adults have at least some debt, but there are certain types of balances that are considered more harmful than others. Some debt, particularly those balances that have high interest rates, can cause financial harm for some Tennessee consumers. Eventually, it may be necessary to look for debt relief in order to deal with these
Knowing the most prevalent causes of lingering credit card debt
While dealing with substantial levels of monetary hardship may never be ideal, unfortunately, various scenarios make it all too easy to fall prey to the trials of debt. Some forms of debt can pile up in a hurry, and the fallout of your past spending habits could leave you facing an uphill battle for relief.
Which age groups are in more need of debt relief?
Struggling with debt is not a problem that is specific to one age group. Virtually every demographic is struggling with financial concerns that include credit card debt and medical bills, but each generation looks at their different types of debt in different ways. Some age groups may have a more significant need for debt relief
Simple ways to lower credit card debt
Many in Tennessee depend on their credit cards to pay for everyday things, impulse purchases and even medical needs. Because it’s simple to just swipe a card and move on, it’s easy to see how credit card debt can quickly accumulate. It doesn’t take long before a balance is so high that only minimum payments
What can Gex Xers do about their excessive credit card debt?
Different generations have different perspectives on debt. Consumers in Tennessee spend money and manage their finances because of deeply personal reasons, and for some, this means relying heavily on credit cards. As a result, credit card debt is a serious problem for some, particularly those in Gen X, which includes those individuals born between the
More older Americans looking for debt relief options
Overwhelming debt is a problem for many consumers, and older individuals in Tennessee are no exception to this issue. In fact, the amount of debt affecting older Americans has increased exponentially over the last 20 years. Statistics indicate that from 1999 to 2019, the amount of debt for people age 70 and up has increased