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May 2012 Archives

Americans rack up credit card debt for medical expenses

With rising cost of medical care and the unexpected debts that accumulate for both the insured and uninsured, it is no surprise that medical bills are a leading contributor to credit card debts. Average consumers turn to their credit card if they go through an unexpected financial loss caused by divorce, job loss, or injury. Now a survey shows that medical expenses are a leading cause of credit card debts in Tennessee and nationwide.

Beware of these five bankruptcy myths

While bankruptcy can give consumers a fresh financial start, it is important to have a clear understanding of how bankruptcy works, including the potential risks associated with bankruptcy. Here are five common myths about bankruptcy to give you a better understanding of the process and the consequences of filing Chapter 7 or Chapter 13 bankruptcy in Tennessee.

New rules seek to curb creditor harassment

The Fair Debt Collection Practices Act (FDCPA) was established in 1978, however, it has not been amended to meet the needs of modern consumers. Now the Massachusetts attorney general is paving the way towards amendments that may benefit debtors in Tennessee and nationwide.

New study shows majority of consumers under pressure

Struggling to manage a mortgage, bills, and unexpected costs can impact any family. Whether you are in a high-income earning tax bracket or you are unemployed, no one seems to be immune from the difficulties of managing finances in Tennessee and nationwide. A new study shows that eighty percent of consumers felt that their finances were out of control and in need of a major overhaul.

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