Stop Worrying. It’s Going To Be Ok.
Tennessee continues to have one of the highest personal bankruptcy rates in the country. Personal bankruptcy often carries a stigma but filing for bankruptcy can help individuals who are drowning in debt. Bankruptcy laws help individuals with significant amounts of...
According to the Federal Reserve, Americans borrowed an additional $16.2 billion between December and January, mostly in the form of automobile and student loans. This brings the total amount of consumer debt up to $2.8 trillion, which is the highest it has ever been....
The Consumer Financial Protection Bureau has announced a plan to provide additional oversight for student loan collections practices, helping to ensure that borrowers with student debt are not subject to the stress and difficulty of dealing with disorganized...
In one of our recent posts we discussed the impact that forgiven credit card debt can have on federal income taxes. With tax season approaching and many Tennessee readers in the process of preparing their tax return, it is important to take into account the variety of...
Regulators at the Consumer Financial Protection Bureau have announced that they are investigating the practices of payday lenders, which are banks and other organizations that make loans to individuals using a post-dated check as collateral to advance a paycheck. The...
For Memphis residents who have been through the bankruptcy process this year, the process of restructuring debt offers much needed relief from the stress of being unable to make regular payments. The bankruptcy process does offer finality and a clear resolution to...
With as many people as there are across Tennessee and the entire country struggling to pay their bills, it's no surprise that there are bad actors out there trying to take advantage of a bad situation. The story of what happened to one Tennessee woman should serve as...
One of the lessons that anyone can learn from filing for bankruptcy is to decide what is and wasn't important. For many people filing for bankruptcy under any chapter of the U.S. Bankruptcy Code, you will have to decide what you can sacrifice financially in order to...
Many of our Memphis readers may try to do anything to avoid filing for bankruptcy. But a new study by a financial adviser firm shows that too many Americans are doing something that they should not be doing to try and manage their debts: withdrawing money from their...
Across the country, and right here in Memphis, students are returning to college after a long break. However, the Federal Reserve reports that more students have student loan debt and few debt management solutions. The concern is that as student loan debt continues to...
