Often people choose to invest their hard earned money in other companies and real estate. Sometimes these investments pay off, literally. But what happens when the investment does not work as planned and the investor ends up in debt? When in debt, one can choose to...
Stop Worrying. It’s Going To Be Ok.
Month: September 2012
Alternative forms of debt relief for Memphis residents
In tough economic times, many people find themselves in debt. In Memphis, people continue to pay their bills late and may max out their credit cards as a result of financial difficulties. Some, however, turn to bankruptcy or other options for debt relief. Despite the...
Mortgage assistance could lead to other debt
In recent posts, we've discussed a number of foreclosure avoidance and debt relief strategies, as well as a recent trend in the housing market of short sales. Today's story alerts readers in Tennessee to a potential debt management issue they could be facing at the...
Credit card debt may jeopardize Tennessee workers’ jobs
Tennessee consumers struggling with credit card debt may be at risk for wage garnishment. When that happens more than one time, a consumer may also find that his or her job is in danger. A stockbroker recently learned this lesson the hard way. The man's unpaid credit...
Creditor harassment draws legal scrutiny
In our last few posts, we've explored various aspects of debt collection activities by creditors. Today's posting discusses certain tactics by third-party debt collection firms which have drawn the scrutiny of governmental authorities. Since 2003, the number of...
Regional oil refinery benefits from bankruptcy filing
A regional oil refinery which filed for bankruptcy several years ago recently announced that it has scheduled production to restart this fall. Its story is an example of how bankruptcy can provide legal options against aggressive creditors and debt management issues....
Debt management still an area of concern for small companies
Tennessee banks that tapped a federal fund targeting small business loans have witnessed lending activity higher than the national average. However, according to the findings in a recent survey taken by a research firm, small business owners in Tennessee and across...