Bankruptcy can prevent mortgage foreclosure
Financial prospects look dim and many Tennessee residents are afraid that they will soon lose the family homes. A job loss, medical bills or other financial setbacks can make it difficult to keep up with mortgage payments. For those facing unmanageable circumstances, the focus shifts to trying to find a way to prevent mortgage foreclosure.
Tips for managing your finances during a crisis
Many people have suffered a financial hit during the current health and economic crisis, and the last thing some may think of is looking for ways to save money. However, if you are able to save or reduce other costs, it will make a world of difference for recovering more quickly. Strategies for saving money
Chapter 7 bankruptcy may relieve financial burden
Debt can become an overwhelming burden. At first, a little bit of debt does not seem like too big of a problem. In fact, debt is often necessary when the Tennessee resident decides to purchase a home or a car. However, sometimes circumstances change, and debt that was not a problem to repay suddenly becomes
Wage garnishment: Here’s what you should know
There are numerous circumstances under which an employed Tennessee resident may have to hand over a portion of his or her earnings as part of a legal procedure. This is typically considered a severe consequence that is used when someone is far behind in his or her obligation to pay a debt. There are a number
Americans continue to fall behind on certain debt payments
In the midst of a global pandemic and economic hardship, it is not surprising to hear that many Americans are struggling financially. This is a difficult time for many Tennessee consumers, and many families are unable to make payments on some of their monthly expenses. Studies find that people are falling behind on their auto
What are the ways to make wage garnishment stop?
It can be extremely frustrating when a Tennessee employee does not receive the normal amount of pay because the employer has to withhold a certain amount according to a court order. Wage garnishment can happen when the employee is past due on payments for certain types of debts, and the creditor took steps to collect
Negotiating credit card debt into a reasonable settlement amount
Tennessee consumers may find themselves struggling with overwhelming credit card balances for many reasons. Difficult financial circumstances can make it impossible to manage payments, even minimum payments. Because of accumulating interest, a few missed payments can result in balances that are too high to manage. At this point, a cardholder may want to explore the
What happens if credit card debt is sent to collections?
When a Tennessee consumer is unable to manage his or her credit card bills, the credit card company may send the debt to a collections agency. Before sending credit card debt to collections, the card company may call to attempt to collect. This often happens when the cardholder is at least 30 days behind on
Dealing with credit card debt with a balance transfer card
For many Tennessee consumers, using credit cards is a way of life. People use their cards daily for purchases ranging from emergency medical bills to groceries. Swiping a card is a financial strategy for those who do not have the savings to manage some types of expenses. The end result is often an amount of
Should you file for bankruptcy before or after getting married?
Getting engaged is an exciting experience. You likely cannot wait to get the wedding planned and to walk down the aisle to say, “I do.” Of course, before the wedding takes place, you and your future spouse may need to have some serious discussions. In particular, you may need to take a look at your