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May 2016 Archives

Actor sued over overwhelming credit card debt

Though Tennessee residents may recognize him from a string of successful sitcoms and his starring roles in some big budget Hollywood films, Charlie Sheen has recently been in the news for a slew of reasons unrelated to his acting. News about his health has made headlines, as have his struggles with his former wives. Recently, however, Sheen was back in the news for yet another unfortunate reason -- he is being sued for carrying excessive credit card debt.

Bankruptcy can help when life follows an unexpected path

Bankruptcy is not something that most people plan for. In fact, it is often a process of last resort for Tennessee residents who feel it is the only way that they can take control of their financial challenges. Though some individuals may see their money woes gradually mount over time, others may see them explode into crises due to the occurrences of unexpected life changes.

Will my credit card company punish me for carrying debt?

Credit card debt occurs when an individual fails to pay off the person's balance in full and carries over owed money to subsequent credit card bills. When a person cannot pay down this credit card debt it can become a difficult financial obligation to manage. One way that Tennessee residents can avoid the wrath of credit card companies and their debt collection practices is to understand how those companies will pursue their borrowers' debts as stipulated in their credit card agreements.

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