Stop Worrying. It’s Going To Be Ok.
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...
Tennessee readers who have been faced with overwhelming debt know how hard it can be to find a solution. People who have struggled with significant debt are familiar with the repeated calls, not only from creditors but from companies offering debt relief or...
Grammy winning singer Dionne Warwick filed for personal bankruptcy recently, citing financial mismanagement and an overwhelming debt to the Internal Revenue Service. Her filing indicates that despite many years of success in the music business, Ms. Warwick has only...
A recent report from the public policy institute at the AARP found higher credit card balances for Americans over the age of 50 than those under 50. In fact, Americans who are over 50 years old carry an average balance of more than $8,000. One significant factor,...
The term zombie foreclosure conjures up visions of a house from a horror movie, stumbling around looking for a homeowner to feast on. The reality isn't too different - zombie foreclosure is a term used to describe houses that are in between owners and are not being...
Attorneys general from nine states sent a letter to the president recently asking that he replace the current acting head of the Federal Housing Finance Agency. The state officials are criticizing the acting regulator for the government-backed mortgage companies...
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....
Even as the economy shows signs of improvement, the Great Recession had a huge impact on Tennessee residents' finances, and many are still dealing with economic issues related to the downturn of the last few years. The unemployment rate is still high, underemployment...
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...
