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Credit Card Debt Archives

Credit card companies can raise interest rates on consumers

Every credit card that a Tennessee resident applies for and uses to make purchases comes with an interest rate. That interest rate is applied to the balance that a consumer carries on their card if they do not pay off their purchases in full at the end of each billing period. While many people are aware that these interest rates can increase the amount of money they are liable to pay off when their balances are carried over, not everyone is aware that their credit card interest rates can change.

Make informed decisions before taking on additional credit

Spending money on a credit card is easy because the costs of one's purchases do not automatically come out of their bank accounts. In fact, a Tennessee resident may not see the impact of their credit card spending for several weeks after they make their purchases and not until they receive their credit card statements. At that time they may have already forgotten about what they had bought and may have put themselves into a difficult financial situation when it comes to repaying what they owe.

What does the CARD Act do for consumers?

It is hard to imagine living without a credit card. Many Tennessee residents use these financial devices to make online and in-person purchases each and every day. When credit cards are used judiciously and with the complete knowledge of their terms by their holders, they may enable their holders to acquire the things that they both want and need. However, it is not difficult for a person to find that their credit spending has gotten out of control. When it does they may suddenly become familiar with their credit card company's policies for collecting on credit card debt.

The obligation to repay debts after a death in the family

Losing a loved one can be a terribly difficult event in the life of a Tennessee family. Not only must the survivors begin the difficult process of learning to live without the decedent in their life but they must also begin the challenging process of settling the decedent's affairs and managing their estate.

Holiday shopping can lead to heavy credit card debt

During the holidays, it can be easy for a Chattanooga resident to be swept up in the spirit of the season and purchase a plethora of gifts for the people they know and love. It is uplifting to see the smile on someone's face when they receive a beautifully wrapped package that contains something a loved one chose just for them.

Stop creditors' harassment over credit card debt

Personal debt can get out of control quickly, or slowly, over many years. It isn't unusual to hear about Chattanooga residents living paycheck to paycheck or struggling to make ends meet. Living this way can quickly ignite debt and it can get out of control in a hurry. If you or a loved one is living with debt and needs to find a solution to the creditors calls, emails and mail, read on.

What are "yo-yo debtors?"

Believe it or not, the winter holiday season will be here before we know it. Many people plan ahead for this time of year, carefully managing their finances so that they can pay in full for gifts, parties and other expenses associated with the holiday season. However, for some people, including many people in Tennessee, the holiday season means one thing for their finances: increased credit card debt.

Who do you pay first in a debt repayment plan?

As an adult, you have to make some tough decisions that no one can make for you. One of these types of decisions relate to financial decisions. A person has to decide how to best manage their finances. This can be trickier than it sounds, and debt can creep up on a person and make it harder to make ends meet.This could be due to a variety of factors; many Chattanooga residents are surprised by an emergency situation where they have to come up with a lot of money in a hurry. Oftentimes people utilize credit cards to help them come up with the funds. However, credit card debt can quickly get out of control and leave you short at the end of the month.

Struggling beneath credit card debt? Relief is out there

Life is expensive. Between paying for the necessities like mortgages and food, there are other expenses like back-to-school expenses and unforeseen costs, such as an automobile repair or unexpected medical expenses. These expenses often creep up at the worst time, when people are least expecting them. Even if a person has savings, they don't always cover the entire expense. That's where a credit card can be a handy to cover the remaining expenses.

Those in financial trouble need get a handle on credit card debt

We have all been there. That moment when you check your bank account and do not like what's looking back at you. Making financial sacrifices isn't unusual until your receive your next paycheck, but what about when you are barely making the minimum payments on your credit cards or have completely fallen into default on your mortgage or other financial obligation? There is a point when financial burdens can get out of control, and one way to remedy the problem is to get a handle on liabilities, like credit card debts.

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Mark T. Young & Associates
2895 Northpoint Blvd.
Hixson, TN 37343

Toll Free: 888-376-0282
Phone: 423-933-1606
Fax: 423-877-0363
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