Tennessee ranks low for financial literacy in the United States
Are there parts of the United States that are less finally sound than the rest? Yes, there are always areas with more poverty or fewer possible job outlets, but there’s also the fact that residents of states simply don’t manage their money as well. If you’re struggling with money, you know that the first step
The Credit Card Accountability Responsibility and Disclosure Act
There are several consumer protections in the Credit CARD Act that can help you protect yourself. If you’re in over your head with credit card debt, there are some things you can do to mitigate this. While you have options like bankruptcy or debt repayment plans, your attorney may also help you protect yourself against
Which kinds of debts stay after a Chapter 13 bankruptcy?
While a Chapter 13 bankruptcy can help you pay down your debts over time, the fact is that not all kinds of debts can be reduced or eliminated. There are exceptions to the Chapter 13 discharge rules, and those can affect you, particularly if those exceptions are the reason you want to file. One of
How can I pay down my medical debts?
Medical bills can be sudden; you may have suffered a medical emergency or had a child who needed an operation. Whatever the cause, if you can’t afford your medical bills, it’s important to reach out before the debts get out of hand. What can you do if you have medical bills that are just too
Credit card debts on the rise in the United States in 2016
Sometimes, credit card usage is a must. Maybe you need to make a payment and you’re getting paid a day later, so you want to make sure you don’t miss it. Maybe you have a vacation you want to plan, and the card provides you with an easier way to protect your funds while you’re
The pros and cons of choosing Chapter 7 bankruptcy
Chapter 7 bankruptcy is a type of bankruptcy most commonly heard about and referred to when you consider what bankruptcy is. However, it’s not the only type. In fact, Chapter 7 is just one of many kinds, from Chapter 11 to 13 or others. Chapter 7 bankruptcy is liquidation bankruptcy. There are pros and cons
Bankruptcy: A solution to a growing debt problem
Many people in America struggle with debt; you’re not alone in that respect. According to data from 2014, the average household has debts of over $15,000 just in credit card debt. On top of that, student loans and mortgage debts can average around $32,264 and $155,192. With these debts, it can be hard to navigate
Chapter 7 vs. Chapter 13: The better choice for debtors
Are there any good reasons to file for Chapter 7 bankruptcy instead of Chapter 13? Your attorney may have spoken to you about the differences in the bankruptcy types, and knowing that Chapter 7 bankruptcy is liquidation bankruptcy may make you fear that you’ll lose out. The truth is that Chapter 7 bankruptcy can be
Medical debt: A growing burden in America
Medical debts can be immense, and even when you’re insured, you may find that they’re hard to overcome. How is that possible? Isn’t insurance supposed to keep you out of debt? That’s not always the way insurance policies work, and it’s not really fair for those who can’t afford their medical care and pay their
Credit card debt affects the young in the United States
If you’ve been battling with credit card debt, you may be considering the ways in which you can eliminate it. While bankruptcy and credit counseling are possibilities, the real question is why so many people in America suffer from high debt-to-income ratios. Without the initial debt, many people would be better off and not have