Stop Worrying. It’s Going To Be Ok.
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...
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...
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....
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...
A recent study proposes a correlation between the current economic recession and divorce rates in Tennessee and across the country. Although the overall divorce rate in America has declined since the 1980s, data from the United States Census Bureau reflects an uptick...
When a consumer in Tennessee files a chapter 13 bankruptcy petition, the court typically appoints an impartial trustee to administer the case. After a payment plan is approved by the court, the appointed trustee is responsible for collecting payments from the debtor...
The Federal Housing Finance Agency recently announced new guidelines intended to streamline the process by which mortgage services may qualify eligible borrowers for a short sale. A short sale occurs when a homeowner sells for less than the amount he or she owes on...
As many Tennesseans face increasing medical costs, a recent article about the financial woes of the Medicare program may cause many to fear that their medical debt will soon become unmanageable. The article, authored by Tennessee Congressman Scott DesJarlais, noted...
According to a recently released study by CardRatings.com, personal credit conditions in Tennessee are the 10th worst in the nation. The study based its findings on five criteria: unemployment, personal bankruptcies, average credit scores, credit card delinquencies...
A recent foreclosure proceeding against former NFL player Terrell Owens illustrates that, in this time of recession, asset forfeiture has begun to affect higher-end homes in Tennessee and nationwide. The former NFL wide receiver last played for the Dallas Cowboys in...
