Stop Worrying. It’s Going To Be Ok.
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...
Tennessee readers might be surprised to learn the identity of one consumer's Chapter 13 bankruptcy filing. The woman, who utilized the bankruptcy code's legal protections in order to avoid foreclosure and other enforcement collection actions against her, is the mother...
Consumers beware: although paying with plastic may be convenient, it comes at a cost. Compared to other loan industries, credit card interest rates remain disproportionately high. Between 2007 and the end of the first quarter of 2012, the average interest rate for...
Federal student loan borrowers in Tennessee and nationwide may be faring better in the economic recession, for several reasons. As a preliminary matter, many private educational loan borrowers might be in worse shape for simple reason that they didn't qualify for...
Although overall bankruptcy filings in West Tennessee increased in the past 3 months, Chapter 7 filings slightly decreased. That may be good news for Tennessee's economy. According to one commentator, Chapter 7 filings may have been more popular in 2009-10 because...
According to a foreclosure listing firm, the number of U.S. homes entering first-time foreclosure proceedings in Tennessee and nationwide increased on an annual basis for the second month in a row. Lenders initiated foreclosure proceedings on 12% of loans behind in...
A recent publication reports that Americans put more on their credit cards in May than in any single month since November, 2007 -- around the start of the economic recession. Specifically, the Federal Reserve reports that consumer borrowing rose by $17.1 billion....
According to a recent report, the number of consumers filing for bankruptcy or seeking other court protection from creditors declined by 13% in the first half of 2012. That's good news for consumers in Tennessee, which at 6.99% ranks among the top 5 states in the...
It's not uncommon, particularly in this economy, for Tennesseans to have trouble making ends meet, even those who were previously wealthy or collected a lot of assets. Sometimes it becomes necessary for consumers to forfeit assets to pay off debts. A man who is a...
