If you are like most people these days, social media has become an integral part of your life. Facebook, Twitter and Instagram are there to document everything from your major life milestones to the minutiae of your daily life.
Many Tennesseans looking for fast cash have heard of payday loans. An earlier blog post discussed how these loans are not a good idea and should be avoided. However, a new type of loan is available in Tennessee and may be just as disastrous as a payday loan.
Yes, you may be able to lower the interest rate on your credit card simply by making a phone call to your credit card company or bank. While it may not always be possible to lower the rate or reduce it by a significant amount, it is worth at least trying if it will save you money and lessen your debt in the long run.
Each year, the Tennessee Department of Commerce and Insurance's Division of Consumer Affairs gathers information about consumer complaints. Of the more than 4,000 complaints that were received in 2015, 293 of them related to debt collection, making this the third biggest category of complaints. Consumers reported being harassed by phone calls from debt collection agencies and being called repeatedly concerning matters where they were not the debtor the agency was looking for.
If you're struggling to pay off a credit card or other type of debt, you may be at risk of having your wages garnished. Not only does that mean less income to pay your other bills, but you'll also end up paying extra court fees.
Yes, they are. Similar to IRAs and other retirement accounts, annuities are protected from creditors in the event of bankruptcy. An earlier blog post discussed retirement accounts and what bankruptcy protections apply to them in further detail. However, annuities and life insurance policies are forms of asset protection which many Tennessee residents may not be as familiar with.
It looks as though the housing market in Tennessee continued its upward trend toward improvement in 2015. The ratio of delinquent home loans to total loans and the foreclosure rate went down compared to the 12 month period prior. According to the Chattanooga Times Free Press, only one in every 112 properties in Tennessee had at least one foreclosure in 2015.