Category: Credit Card Debt

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,

Living in debt is not something you probably planned to do. Whether it was caused by overspending, losing your job, or medical expenses, debt may have snuck up on you and resulted in the situation you currently are in. When you’re in a high amount of debt, you have a few options. One option is

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

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

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

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

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

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

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

Many consumers in Tennessee use their credit cards for daily purchases like groceries, as well as emergency expenses, such as medical bills. As a result, the average person has at least some credit card debt. It’s easy to swipe and go, but for those who carry a balance over each month, this type of spending