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November 2018 Archives

Take charge of your debts in the New Year

With the holidays rapidly approaching and credit cards getting used with vigor, Tennessee residents may be afraid to see their bills in the New Year. It can be easy to let the spirit of giving drive one's desire to buy presents for the people who they love and who are important to their lives. However, holiday spending can be a detrimental practice for those who will not have the money they need to pay off their debts when credit card statements come due.

What happens when I make late payments on my credit card?

When a new credit card bill arrives in a Tennessee resident's mail or a notification is delivered to their email account's inbox that they have a statement to review, a person can feel as though there is plenty of time for them to make their payment. It is often the case that credit card companies give their customers several weeks to get their payments in before they are considered late. Under the Credit Card Accountability Responsibility and Disclosure Act of 2009, better known as the Credit CARD Act, credit card lenders must send their bills to customers at least 21 days before the bills become due.

Older Americans are filing for personal bankruptcy

Bankruptcy is not a problem only for young people. Tennessee residents may harbor the misconception that financial mismanagement during one's youth is the root cause of economic struggles. However, recent trends in bankruptcy filings suggest that even individuals who have reached retirement age can be affected by surprise bills, unexpected illnesses, and other catastrophes that can destroy their financial health.

Tennessee law governs bankruptcy exemption options

Every day American across the country make the difficult decision to pursue bankruptcy to alleviate their financial obstacles. Whether they have fallen on hard times due to medical or credit card debt or have suffered the loss of their income due to a lay-off or downsizing, their choices to seek protections from the bankruptcy laws of the state and nation are undoubtedly made after careful considerations.

Wage garnishment adds to your troubles

Receiving a warning that a creditor intends to sue you to garnish your wages may be the straw that breaks your back. You are already struggling each week to keep your home, your vehicle and the necessities of life. If you have children, you may feel overwhelmed trying to provide them with the things they need and want. A wage garnishment can be a devastating blow to your fragile financial state.

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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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