Category: Debt Relief
Preventing mortgage foreclosure – it is necessary to address the problem
Ignoring the problem will not make it go away. As a Tennessee family struggles to pay their mortgage, the natural inclination is to think that things will get better and that the problem will go away. In some cases, this will happen; however, as many families continue to struggle and sink deeper into problems with
Should homeowners use equity for debt relief?
Overwhelmed Tennessee homeowners may look to various sources for help when they are facing debt they can no longer manage. For some, it may seem like a reasonable solution to tap into their home equity to pay off debt and address specific balances. However, this is not always the most prudent option for debt relief
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
Seeking debt relief from certain types of debt
Most adults have at least some debt, but there are certain types of balances that are considered more harmful than others. Some debt, particularly those balances that have high interest rates, can cause financial harm for some Tennessee consumers. Eventually, it may be necessary to look for debt relief in order to deal with these
Which age groups are in more need of debt relief?
Struggling with debt is not a problem that is specific to one age group. Virtually every demographic is struggling with financial concerns that include credit card debt and medical bills, but each generation looks at their different types of debt in different ways. Some age groups may have a more significant need for debt relief
More older Americans looking for debt relief options
Overwhelming debt is a problem for many consumers, and older individuals in Tennessee are no exception to this issue. In fact, the amount of debt affecting older Americans has increased exponentially over the last 20 years. Statistics indicate that from 1999 to 2019, the amount of debt for people age 70 and up has increased
Is a personal loan the way to get debt relief from credit cards?
People rely on credit cards for everything from weekly grocery store purchases to emergency expenses. When unexpected things arise or there are more things to purchase than normal, such as during the holidays, it can lead to higher balances than what may be manageable. As a result, Tennessee consumers look for debt relief from from
Pursuing debt relief prior to entering retirement
Upon closing in on the age of retirement, many individuals in Tennessee and elsewhere may consider it a priority to address outstanding financial obligations. However, with growing concerns such as credit card and medical debts, many older individuals may feel that cutting down on debt is challenging. While there may be a variety of outlets
Many people may need debt relief due to personal loans
People take on debt for many reasons, but it is often because they feel it is the only solution to their current situation. For example, Tennessee families may end up with a lot of medical debt because of an unexpected emergency. One of the fastest growing categories of debt in the United States is personal
Many consumers will go into 2020 seeking debt relief
The impact of owing a significant amount of debt can be significant. In addition to the stress that comes with bills are piling up and interest accumulating, many people also face the threat of losing personal property and calls from debt collectors. In fact, many Tennessee residents will start 2020 looking for effective debt relief