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.
Many Tennessee residents become overwhelmed with credit card debt. When they can't keep up with the monthly payments, they may choose bankruptcy. Many people are aware of what bankruptcy does, but don't really understand how it works. Read on to find out what the process entails.
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.
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.
Many Tennessee residents may have debt problems caused by excessive credit card usage. Others have debt issues caused by unpaid taxes. Perhaps they owe income taxes to the IRS and are unable to pay them. They may have abandoned a property and now owe taxes on it. Divorce and other family issues may have caused them to overlook their tax debts. Whatever the situation, we have options to help bring you the tax debt relief you need.
For Tennessee consumers, filing for bankruptcy is a difficult decision. But for those drowning in debt, it's the only option for relief. After making the choice to file, the next question is: Chapter 7 or Chapter 13? Both offer many benefits, but they do have disadvantages as well. Learn more about Chapter 13 bankruptcy and why it's a good choice for many consumers struggling with 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.
Many Tennessee residents who are struggling financially choose Chapter 13 bankruptcy because they want to make a good-faith effort to pay off debts. While Chapter 13 bankruptcy offers the ability to make manageable payments on credit card debt, it's not a magic solution. Bankruptcy does not eliminate all kinds of debt, and there are certain financial obligations that cannot be erased in Chapter 13. Read on to find out what types of debts will remain.
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.
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?