Credit cards can help manage expenses, build credit and earn rewards. However, when they become the primary way that someone pays for everyday needs, it can signal a deeper financial issue. Overreliance on credit cards happens when people regularly use them to cover...
Filing for bankruptcy can be a lifeline when facing overwhelming financial distress. One of the most powerful tools at your disposal during this process is the automatic stay. It halts creditors and bill collectors, giving you the necessary breathing room to...
Filing for bankruptcy involves more than just submitting paperwork. It also involves completing two educational requirements designed to help individuals better understand their finances, their options and how to avoid bankruptcy in the future. These courses are...
Medical debt is one of the most common sources of financial stress in the United States. Even people with excellent health insurance may end up owing large amounts of money because of deductibles or coinsurance obligations. People who require extensive medical...
As credit card balances increase, so do monthly payment obligations. Not only do borrowers need to worry about interest accruing on their credit cards, but they also have to cover fees if they make late payments or their balance goes over the credit limit for the...
Filing for bankruptcy is a speed bump in your financial journey. It’s a chance to take control of your finances using a legal option for taking care of your debts. One of the primary concerns that you may have is how you will rebuild your credit when the bankruptcy is...
Chapter 13 bankruptcy is often the best solution available to those experiencing temporary financial hardship. In a Chapter 13 bankruptcy case, people can restructure some of their financial obligations. They can prevent foreclosure, vehicle repossession and creditor...
Filing for bankruptcy significantly alters how you handle a car loan. Whether you retain your vehicle or surrender it depends largely on the bankruptcy chapter you file and the current status of your loan. If you’re behind on payments or owe more than the car is...
Unpaid credit card debt doesn't disappear. If you ignore it, the consequences get more serious over time. These consequences can affect your credit, income, and legal standing. Debt collection actions get aggressive When you stop making payments, your account gets...
People dealing with high levels of debt may eventually file for personal bankruptcy. Bankruptcy proceedings protect people from collection efforts. Creditors have to stop calling. The courts usually dismiss pending debt-related lawsuits due to the automatic stay. If...
Richard Banks & Associates, P.C.
393 Broad Street Northwest
Cleveland, TN 37311
Toll Free: 866-596-8527
Phone: 423-219-3299
Fax: 423-478-1175
