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...

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...

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...

Getting to a point where you recognize that you need bankruptcy protections is difficult. Deciding how to file bankruptcy can be even harder. There are multiple forms of bankruptcy available. Most individuals will file either Chapter 7 or Chapter 13 bankruptcy....

Bankrupt is a position most people never want to find themselves in. However, while bankruptcy does come with some temporarily financial setbacks, having to file isn’t nearly as bad as the myths make it seem. Bankruptcy is a drastic action, but for those overwhelmed...

If you owe an outstanding debt, one way that the lender may try to collect is through wage garnishment. This is a legal process and therefore has to be properly ordered by the court -- a lender cannot just contact your employer on their own -- but it means you have...