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I have a lot of credit card debt. What are my rights as a debtor?

Economic struggles can cause Tennessee consumers to experience financial challenges. Reduced income can make it difficult to stay on top of credit card payments. This can lead to creditor harassment, which cannot only be embarrassing, but annoying as well. Creditors may try to do some shady things - such as making threats or calling in the middle of the night - but despite your situation, you do have rights as a debtor. There are some things creditors can and cannot do to get you to pay your credit card debt.

Wiping out credit card debt with a Debt Management Plan

Managing finances can be frustrating for many Tennessee residents. Some people have to spend more money than they make, due to low-paying jobs or unexpected expenses, and others simply aren't good with money. These situations can cause significant credit card debt. The first step to managing debt is seeking assistance from a credit counselor. When this doesn't work, many consumers may consider a Debt Management Plan (DMP.) Read on to learn more about this option.

CARD Act protects those struggling with credit card debt

Many Tennesseans struggle with paying their monthly credit card payments. To make matters worse, some credit card companies take advantage of this situation and raise annual percentage rates and fees, driving consumers further into credit card debt. In 2009, the Credit Card Accountability, Responsibility and Disclosure Act came into effect to protect consumers who are in this situation.

Mistakes to avoid if using balance transfers for credit card debt

Many Tennessee consumers are facing financial challenges; just check the amount of credit card debt they carry. It's not uncommon for many to pay interest rates of 20 percent or more, making it difficult to pay down these debts. So when a tempting balance transfer offer comes along -- offering 0 percent interest for 6, 12 or even 18 months -- it's hard to say no. Although a balance transfer can offer benefits, it can also have an opposite effect and cause a consumer to sink even deeper into credit card debt. Find out which mistakes to avoid in order to use such an offer to one's advantage.

Manage credit card debt in 2015 with these tips

Now that the holidays have come and gone, Tennessee residents may be feeling the pinch financially. Christmas spending, along with unemployment, medical expenses and other financial challenges in 2014 may have left their credit cards maxed out. Resolve to pay off credit card debt this year with these tips.

I have numerous debts. Should I pay off credit card debt first?

When faced with unemployment or other financial challenges, Tennessee consumers may be unable to pay all their bills on time. This means they are forced to choose which debts are most important and which can wait. However, once a debt becomes 30 days late, consumers may be faced with harassing phone calls from creditors. They may also face foreclosure on their home or repossession of their car. With so many debts, which ones do you pay first?

How credit card debt can affect a mortgage application

For many Tennessee residents, a new home is a major purchase - probably the biggest purchase they will ever make in their lives. Paying a monthly mortgage payment can be challenging, especially if the homebuyer is struggling with credit card debt. Not only that, but lenders may be concerned about the debt and charge higher interest rates for the loan - or even deny it altogether. Read on to find out what homebuyers should know during the loan approval process.

Getting help when Tennessee credit card debt becomes overwhelming

You may have done a good job of paying your credit card bill on time every month, until the unexpected happens. Medical bills, job loss, a car accident or home repairs can leave Tennessee residents struggling to make ends meet. What seems to be a temporary situation turns into many years of drowning in debt. Fortunately, bankruptcy is a quick solution that is available and has helped many consumers struggling with overwhelming credit card debt.

Bankruptcy and other ways to deal with credit card debt

When Tennessee consumers are struggling with overwhelming credit card debt, where should they turn? Bankruptcy, debt settlement and debt consolidation are touted as popular options. What else can be done to get a person back on track financially?

No emergency savings = high credit card debt

Although some Tennessee residents use their credit cards wisely, many tend to splurge on daily expenses. Then, when the bill comes, they can barely make the minimum payment. This leads to a vicious cycle of high credit card debt. Compounding this situation is the occasional emergency - the car breaks down, the dog has to go to the vet or a personal item is stolen and has to be replaced. Because these consumers lack the savings to pay these unexpected bills, they use their credit cards.