Before filing for bankruptcy, Tennessee residents must attend counseling. This counseling is mandatory because it allows a credit counselor to assess a person's situation and see if bankruptcy is the right option. Plus, it makes sure that the person understands the...
When a person has a regular paycheck, staying out of debt can still be tricky. Imagine the stress involved with working a seasonal job or owning a business. In these situations, there is no steady paycheck upon which you can rely. You're not always paid on a weekly or...
It's important for Tennessee residents to establish a credit history. Without a credit history, it's difficult to buy a car or house or take out a loan. That is why young adults may turn to their parents to co-sign loans so they gain experience making payments. This...
After a divorce, it is common for Tennessee residents to believe that they are no longer responsible for their joint credit card accounts if the other spouse has agreed to pay them. But what they may not know is that credit card companies are not parties in a couple's...
Overwhelming debt is a major concern for many Tennessee consumers. Unexpected expenses, such as medical expenses, can cause a major dent in one's wallet. To start anew, many consumers turn to bankruptcy. While bankruptcy is an effective way to quickly eliminate debt,...
When a Tennessee consumer seeks debt relief, he or she may choose bankruptcy. There are two main types of bankruptcy to consider: Chapter 7 and Chapter 13. Many choose Chapter 7 because it can be quick and easy, and virtually all debts are wiped out in a matter of...
Divorce can offer emotional and physical freedom to Tennessee couples, but it doesn't always offer financial freedom. Two incomes are typically reduced to one, with many people facing financial challenges. Credit card debt may be an area of contention, especially if...
Many Tennessee residents consider bankruptcy as a way to wipe out debts and start anew financially. For many, though, the biggest hurdle is rebuilding credit. For those who have spent decades building credit, the thought of ruining this good credit and watching their...
Tennessee residents have many options when it comes to purchasing sandwiches. Quiznos was once a contender in the restaurant business about a decade ago, but increased competition has led to declining sales. The company now owes $570 million to creditors and has...
Although all Tennesseans are now allowed access to health insurance due to the Affordable Care Act, their financial problems are not necessarily solved. Although insurance pays for a large portion of one's medical expenses, it doesn't pay for everything. Co-pays and...
