Many people in Tennessee find themselves overwhelmed by debt suddenly after emergency medical care without health insurance. One woman in California drove herself to the emergency room after a car accident to avoid the costs of an ambulance ride but still was billed...
Month: December 2018
Starting fresh: Is bankruptcy a good New Year’s resolution?
When the holidays come to an end, there can be a lot of emotion. You may be sad that the fun is over and bummed out that you have to get back to work. Perhaps you feel relieved to be done seeing certain relatives. Or you might be excited about plans for the new year,...
The reasons why credit card debt is so common
Credit cards can be powerful financial tools when individuals in Tennessee use them properly. However, they can be debt traps for those who use them too frequently. One of the allures of a credit card is that it allows a person to spend more than he or she makes in a...
Sears is in a complicated bankruptcy. Yours can be much simpler.
Financial problems can befall any person or organization, including some of the world's largest companies. Take Sears for example. Sears Holdings Corp filed for bankruptcy this fall in its efforts to stay in business, according to a Reuters story. After a century...
Credit card debt levels increase in 2018
According to a report from NerdWallet, the average American household carries $7,000 in revolving debt. That is up from $6,081 in 2017, and this figure is important because it is a more accurate indicator of a person's financial health. Tennessee residents and others...
Consumer debt and cost of money on the rise
Analysts from LendingTree examined the rates of spending in November and predicted that the credit card balances of Americans would increase by at least 5 percent before the end of 2018. When the balances of credit cards rise, so does the cost of the associated debt...
Every bankruptcy is different. How would a filing benefit YOU?
Nobody enjoys being in debt or struggling to pay their bills. But it happens to almost all of us at some point in our lives. In many cases involving intractable debt brought on by an income loss, a divorce, an illness or another serious life event, effective legal...