Should homeowners use equity for debt relief?
Overwhelmed Tennessee homeowners may look to various sources for help when they are facing debt they can no longer manage. For some, it may seem like a reasonable solution to tap into their home equity to pay off debt and address specific balances. However, this is not always the most prudent option for debt relief
4 tips for rebuilding your credit after a bankruptcy
Many individuals will avoid filing for bankruptcy because they worry about doing irreparable harm to their credit scores. In general, the harm has already been done while they were fighting to keep their heads above water. Late payments, missed payments and other loan defaults can cause financial damage. It is time to file for bankruptcy,
Medical debt can hold you back, but you have options
Medical debt can rack up quickly; even a single stay in a hospital can lead to hundreds or thousands of dollars of debt. Most patients intend to pay what they owe, but it can become overwhelming and the best intentions can go unmet. The problem is that postponing this debt can lead to a number
Have school loans? Here’s a few tips to pay off your debts
Student debts are some of the most difficult to handle as an adult, especially when you’re just starting out. The cost of loans can be sky-high, with some students paying down hundreds of thousands of dollars’ worth of school loans well into their futures. Paying down these fees may seem impossible, but there are ways
Seeking debt relief that will provide long-term stability
When a person is facing overwhelming credit card debt, some of the things that can come with that can include everything from wage garnishment to constant phone calls from creditors. Thanks to accumulating interest and minimum payments, it can be hard for a Tennessee consumer to figure how to find debt relief and claim a
Can bankruptcy help with student loan debt?
Pursuing higher education to better oneself and one’s job prospects seems like a solid plan, but it comes at a cost. As it currently stands, over 43 million people in the United States, many right here in Tennessee, carry student loan debt. It is the second biggest form of debt in the country, trailing just
Social media, the new contact method for debt collectors
Many Tennessee residents have debt, and a good chunk of them have so much that they are unable to repay that their accounts have been sent to collections. This means debt collectors have the right to contact them repeatedly until the debt is paid. For years the Consumer Financial Protection Bureau has allowed debt collectors
Many in Tennessee overwhelmed by medical debt
Access to medical care is a right, not a privilege, but that does not mean it is something everyone can afford. Right now, many Tennessee residents are knee-deep in medical debt. Is there anything they can do to relieve the financial burden? According to a recent news article, it is believed that 20% of Tennesseans
Don’t let your need for forbearance lead to foreclosure
Millions of Americans, many here in Tennessee, have needed help making their mortgage payments this year. Are you one of them? Did your need for financial assistance lead you to apply for and accept a mortgage forbearance? Don’t let your need for forbearance lead to foreclosure. A forbearance works in one of two ways. It
Credit card spending habits changed for many in 2020
The year 2020 will go down in history as one of the worst for many Tennessee residents. From lost jobs, serious health issues and the loss of loved ones, it has all been a lot for people to deal with. When life gets rough, people’s spending habits tend to change. This year, there has been