You may have heard that payday advances are very risky. For some, they create insurmountable debt. Taking them out can be a serious financial error that leaves you looking for solutions. But why don’t they work? The idea behind a payday advance sounds practical...
In many ways, credit cards are very useful tools. They make it easier to shop online, they allow you to have the money you need on you at all times and they offer rewards and cash back to give you some nice perks that you wouldn’t get with cash. Unfortunately, there...
Far too many Tennessee residents dread filing for bankruptcy as if doing so condemned them to a life of poverty and abject disgrace. It is just that sort of thinking that can leave consumers wrestling with unmanageable debt until the day they die. Certainly, filing...
Medical debt can sneak up on people. It only takes one heart attack, car crash or other adverse medical event to put someone out of work and drastically alter their household financial circumstances. Quite a few people think that because they have health insurance,...
Data compiled by the Federal Reserve Bank of St. Louis shows that student loan debt increased by 107% during the last decade -- yet, student loans are frustratingly difficult to eliminate even in bankruptcy. Things may be looking up for drowning borrowers, however....
You have decided that it’s time to declare bankruptcy. Perhaps you lost your job, ran into excessive credit card debt, accumulated massive medical bills or something else entirely. No matter why it happened, you’re facing financial challenges that can only be overcome...
People use credit cards to pay for purchases or bills. Most credit card balances come from purchases made directly with the card at the point of sale. However, the companies that issue credit cards eventually realize that many people need financial resources to pay...
When you decided to file for bankruptcy, you chose Chapter 13 to be able to save your car and your home. Since then, however, you got laid off from your job and can no longer afford to make the monthly payments that you agreed to pay your creditors. What can be done...
A common question that debtors ask is whether filing for bankruptcy can stop their vehicle's repossession. Whether pursuing this option will help depends on how far behind you are in making payments and how willing your lender is to work with you. What happens when...
If you are one of the 45 million or so people with a student loan, there could be good news on the way. Lawmakers are talking about two pieces of legislation that could help people escape the weight of student loan debt. Student loan forgiveness could be on the way...
