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October 2014 Archives

What is the Tennessee homestead exemption?

When Tennessee residents are experiencing financial difficulties, they may worry about losing their personal property. When people file for bankruptcy, especially, they may know that some property can be sold to help pay back debts. Or, in the case of secured property, people may realize that their property can be subject to repossession or foreclosure. In particular, people may wonder if their home is safe from sale during a bankruptcy.

What to be aware of when settling credit card debt

It is not unusual for Tennessee residents to carry credit card debt. Credit cards can be used to purchase consumer goods, but they are often used by people to pay for necessary expenses, repairs, medical bills and other essentials in times of need. When people rely on credit cards to pay for necessary expenses, they can find it difficult to pay the company back. They may get stuck in a situation where interest is accruing faster than they can pay the full balance owed.

Find a way to manage your debt

There are very few Tennessee residents that have not had to use a credit card at some point in their lives. Everyone can fall on hard financial times and gets stuck using credit to buy essentials. When the economy turned south, many people wound up only be able to afford the minimum balance. Unemployment, high cost of living and plummeting home values have all contributed to the crisis.

People are paying credit card debt on time

There are signs of an improving economy all over Tennessee. As the recession has ended, people are still enjoying low interest rates, higher home values and rising stock prices. This, according to experts, has allowed consumer confidence to grow. Life isn't perfect for many people, however. Many Tennessee residents are still facing high amounts of credit card and student loan debt.

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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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