Although it may seem as though the economy is starting to pick up, many companies still struggle with day-to-day business. Unemployment, credit card debt, divorce, college tuition and other factors can cause consumers to spend less. When this happens, businesses...
Month: November 2014
Why Chapter 7 bankruptcy is preferred by many consumers
When Tennessee consumers face overwhelming debt, they may look at various options but eventually settle on bankruptcy. They are often given two choices: Chapter 7 or Chapter 13. Which one is better? Many consumers prefer Chapter 7 bankruptcy because of the many...
How credit card debt can affect a mortgage application
For many Tennessee residents, a new home is a major purchase - probably the biggest purchase they will ever make in their lives. Paying a monthly mortgage payment can be challenging, especially if the homebuyer is struggling with credit card debt. Not only that, but...
Situations that could warrant a bankruptcy
Bankruptcy is a situation that can befall anyone. Even some of the biggest celebrities have struggled with money issues. Although a bankruptcy is beneficial for Tennessee residents with mountains of debt, such a process should not be taken lightly. One may wonder what...
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