Category: Debt Management

The fear of losing one’s home is a serious matter for Tennessee residents who are facing ongoing debt issues. Often, individuals or families have saved for many years to afford a home of their own. Once that goal has been reached, the house becomes a significant source of pride. Facing the risk of foreclosure can

Credit card debt affects numerous Americans. In fact, a report by Bloomberg states the mean debt for the average American household stands at around $16,000. However, for people with student loans or mortgages, that number can easily skyrocket. Paying off any amount of debt can seem daunting. Fortunately, there are ways to better manage the

Many Tennessee residents assume that debt problems are something that only impacts older Americans, and that young people have little to be concerned about when it comes to financial obligations. After all, most people in their early 20s have yet to purchase a home, start a family or tackle many other big ticket efforts. That

When faced with serious financial strain, many Tennessee residents feel overwhelmed and uncertain about how to proceed. They know that filing personal bankruptcy is an option, but they fear the repercussions that might come with that move. Having a damaged credit score is part of that stress and is one of the primary things that

According to recent statistics, American consumers have reached a new milestone in the accumulation of household debt. Researchers place total household debt at $12.7 trillion, which is more money than was owed at the peak of the 2008 credit bubble. That previous high mark was achieved at the same time that the global financial system

When it comes to creating a stronger financial foundation after personal bankruptcy, it is often helpful to take a close look at the path, while also maintaining a forward-focused plan of action. That involves giving careful consideration to how one’s debt troubles became so pronounced, and taking active steps toward choosing a different path in

It’s time for your child to go to college, and now’s the best time to talk about how much it’s going to cost. Many people go into college not understanding the full impact debt can have on them later. Focusing a little on the expenses now can help you and your child save money later.

There are a number of things you can do to help reduce the amount of money you owe on your debts. Whether it’s credit cards or other forms of debt, most of these tips can be applied in any situation. The first thing anyone trying to get a handle on debt needs to do is

Debt can be overwhelming, and it’s stressful. You might feel tempted to hide late bills or to ignore phone calls from creditors, but the damage is still being done. One option you have is to seek out a bankruptcy; it can put an end to harassing phone calls and get you back on track for

Debt management plans can work, but you have to stick with them for the long term. What does it take to have a successful debt management plan? A recent report states that the reason people don’t complete credit debt management plans is because they pay off some creditors and feel more in control or because