Americans owe a total of $1.59 trillion in student loan debt. However, many Tennessee residents and others who carry student loan balances won't be able to discharge them in bankruptcy. For some, it is because they don't qualify to file for Chapter 7 bankruptcy....
Month: December 2019
What debtors can expect from debt collectors
It isn't uncommon for individuals in Tennessee and other states to carry credit card or other types of debt. If a debtor is unable to stay current on a balance, it may be sent to a collections company, and debt collection companies may use a variety of tactics in an...
What to do about credit card debt
You're buried in credit card debt, looking for a way out but never seem to make any progress. As frustrating as it may be, there are steps you can take to slowly dig yourself out of debt, thus resulting in improved financial circumstances in the future. While no two...
Use credit cards as a last resort for medical debt
Consumers in Tennessee may have more money to use for savings and purchases as across the United States, the median household income has risen by 30% in 10 years. While this is good news, Americans are dealing with medical costs that are growing faster than income....
Credit card charge-offs on the rise
A number of credit card companies are reporting high rates of charge-offs. A charge-off is a loan that the creditor has determined it will not collect. Overall, the charge-off rate rose to its highest point since 2012's second quarter and was reported at 3.82% for the...