3 common credit card debt myths
The U.S. has already reached a new milestone in the first month of 2018. According to people at the Federal Reserve, the total amount of credit card debt in the United States has exceeded over $1 trillion. This is a new high, and it should be a wake-up call to many people to get their
Health care credit cards might be driving up medical debt
Even with insurance, the cost of accessing medical care is a barrier that many people in Tennessee face. As a solution, some doctors’ offices now offer medical credit cards, giving patients lines of credit on which to charge their related bills. Unfortunately, this approach may drive some even further into medical debt. Putting medical bills
Credit card debt reaches new high
Most Tennessee consumers are likely carrying more credit card debt than they were before the holiday season. In fact, across the United States, credit card debt is currently the highest that it has ever been, and some experts are worried. Although many people seem to be managing their debt well enough, soon-to-rise interest rates and
Chapter 7 Bankruptcy is not an end, but it is a new beginning
Life after bankruptcy in Tennessee and other states can be better than it was before the bankruptcy. Contrary to urban legends and exaggerated rumors, one is not prevented from having financial accounts going forward. The main feature of the aftermath of a Chapter 7 bankruptcy is instead the peace of mind that comes from erasing
Credit card debt signals possible consumer crisis ahead
Numerous young adults in Tennessee and around the country are deep in debt. Some experts predict that many of these young people are not expected to pay off the huge tabs that they are creating. Part of the problem may be that many of those who are burdened with overwhelming credit card debt are also
Wage garnishment and protection from impoverishment
Tennessee residents are by no means immune to the economic strife and financial strains many others throughout the nation have experienced in recent years. Anyone who follows news concerning consumerism in America is likely aware that credit card debt is a major source of trouble in most states. In certain situations, a wage garnishment order
Debt relief through bankruptcy may help seniors keep their home
The financial problems faced by some seniors living in Tennessee and other states can be overwhelming. A couple in their mid-eighties who have amassed $50,000 in credit card debt and another $50,000 in medical bills, and with a home that is mortgaged, may find that the most sensible and effective debt relief remedy is a
Debt consolidation scam tactics
When you are in debt, bankruptcy is not your only option for debt relief. Perhaps you want to avoid bankruptcy at all costs. In your efforts to do so, you may find yourself the victim of a debt consolidation scam. How can you avoid falling for these fraudulent solutions? Here are few ways to spot
Credit card debt is a complex problem
According to the Federal Reserve, American consumers collectively owe nearly $1 trillion in credit card debt. Another survey found that individuals carry an average of $7,000 on credit cards. The reasons behind these high credit card debt loads are complicated, and no two Tennessee residents share the exact same set of circumstances. In some cases,
Is there a racial component to Chapter 7 Bankruptcy?
Financial strain can happen to any Tennessee resident, regardless of race, gender, age or other classification. According to researchers, however, some consumers may be treated differently than others when it comes to seeking Chapter 7 bankruptcy or other bankruptcy protections. Understanding these issues can help consumers find the right resources to guide them through the