Forbearance may provide you with temporary financial relief that may help you revise your budget. If approved, your mortgage servicer allows you to temporarily stop making monthly payments; you may have an opportunity to pay down some other outstanding bills. As of...
Filing for chapter 7 bankruptcy may give you a fresh start, but if you do not make some changes, you could find yourself in financial trouble sometime in the future. The good news is there are a number of steps you can take to get you back on track. Making necessary...
As explained by the U.S. Department of Housing and Urban Development, foreclosure proceedings typically begin within a few months of a missed mortgage payment. From there, the lending institution can use one of three foreclosure process to take over ownership of the...
Tennessee law allows you to keep some personal assets if you file for bankruptcy. You can access debt relief without losing the life you have worked hard to build. Review the exemptions you can retain if you file for bankruptcy in Tennessee. Homestead exemptions The...
As someone facing debt, you also face the possibility of debt collectors contacting you. In many cases, these debt collectors will stick to what is appropriate and will not overstep their boundaries. But sometimes, a debt collector might utilize tactics illegal under...
Getting a notice of foreclosure is very frightening. This is why it is imperative that you do everything you can beforehand to avoid the notice. While you may not be able to control everything related to your economic situation, there are some steps you can take to...
Once your financial situation starts to spiral out of control, it often proves difficult to get things back on track. If you have no feasible way of repaying what you owe creditors within the next few years, you may want to think about filing for bankruptcy. Depending...
Individuals experiencing serious financial hardship from a job loss may qualify for temporary rental relief. According to the Nashville Tennessean, a household may receive up to one year's worth of financial aid to pay past due rent. If an individual still finds it...
When you file Chapter 7 bankruptcy, it seems to turn your finances upside down. There are many rules that you must follow or you could end up in trouble with the court. The trustee in your case will give you instructions on various things, and what will happen with...
Your debt-to-income ratio is simply the amount of monthly debt you have relative to your income. If you do not know your ratio, you may be in for a surprise when trying to finance a home, car or anything else. That is, debt-to-income ratio is a major factor in most...
