Many Americans racked up significant amounts of credit card debt during the recession and even years before then. While many have slowly been able to pay down their credit card debt, many people are still struggling with unpaid debt. The laws regarding credit card...
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Credit Card Debt
Too many Americans have more credit card debt than savings
One of the most important things that people in Memphis and elsewhere can do to avoid having to file for bankruptcy is to save a decent amount of money to get you through an emergency. Of course with the economy the way it is, it would have been impossible for many...
Average credit scores of Tennessee residents plummet in last year
A new report out is bad news for not just residents of Memphis, but all Tennessee residents. The new report indicates just how far credit scores have fallen for Tennessee residents during the last year. A bad credit score can have many negative effects on a person's...
Young adults breaking out the plastic, running up balances faster
Our Tennessee readers are no doubt aware of the harmful effects of the recession and the slow economic recovery. Just today the unemployment rate ticked up again. As a result, many people have had to use credit cards to make major purchases and pay their bills. This...
Credit card debt: a financial burden for college students
In Memphis and elsewhere, college students are using credit cards to pay for food, clothing and books. Unfortunately, through all of the shopping, students rack up credit card debt that may present financial hardships when the credit card bills begin to mount. This...
Memphis consumers can reduce holiday credit card debt
As the holidays approach, consumers in Memphis may welcome some tips about managing their holiday spending -- and avoiding excessive credit card debt. True, the temptations abound. For those able to forego the in-store deals offered by Black Friday, the lure of online...
FTC offering financial incentive for stopping unwanted calls
Many people in Memphis, Tennessee, who are struggling with debts often find that a large percentage of that amount is due to credit card debt. Many times, these debt amounts are accentuated by charges that were not authorized by consumers: add-ons to accounts such as...
Memphis mired in credit card debt as rest of U.S. improves
Debt is a common problem plaguing Memphis, as well as the rest of the United States. Many people are facing growing financial problems, often caused by credit card debt. There is good news, however. Across the nation, credit scores are on the rise. Many experts...
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...
American spending habits are changing
Several recent tabulations suggest that the economic recession may have produced a shift in the habits of consumers in Tennessee and across the country, possibly including their approach to debt management and credit card spending. The first report, recently issued by...
