Month: July 2019
When is debt a reason to file for Chapter 7 bankruptcy?
Most Tennessee consumers have debt, and for some, it can be an overwhelming financial burden. There are times when some people would suggest that debt is not a negative thing, but there is a line when any type of debt can become too much for a person to handle. At this point, a person would
Can Chapter 7 bankruptcy stop collection efforts?
When a person is behind with his or her payments and is unable to catch up, the creditor will work to collect payment in various ways. The company may start calling and sending letters, but if these methods are ineffective, it may turn the debt over to a collections agency. This can be overwhelming for
What is the snowball debt repayment method?
Getting out of debt can feel like an uphill battle, but it can get much easier with a smart debt repayment plan. You do not have to be a professional in debt relief to dig yourself out of significant debt. Simple solutions are available. The snowball debt relief method is proven to work if you
Eliminating credit card debt is a common goal
First there’s the outfit that will be perfect for the job interview. Then, the kids need new clothes for school. Before long, the little things combine with the bigger things and the Tennessee resident finds him or herself facing overwhelming credit card debt. Many individuals discover that credit card debt can quickly become a problem.
Credit card debt worsens for millennials
The so-called millennial generation has been described in multiple ways, and “financially savvy” would have been one such descriptor. Unfortunately for Tennessee residents of a certain age, those days are apparently over, with credit card debt showing a sharp rise among millennials. In an uncertain economy, there are multiple tactics millennials can use to overcome
Options for dealing with significant medical debt
When a person goes through a serious medical problem, serious medical bills often follow. Even with insurance, a trip to the emergency room, prolonged illness or surgery can ultimately result in medical debt that a person may not be able to manage. There are several things a person can do in this situation, and it