Nearly everyone goes into buying a home expecting the best. But in reality, many homeowners in Tennessee find themselves behind on mortgage payments and facing the prospect of their homes being foreclosed on. Being contacted by or hearing about a company that offers to help solve mortgage debt problems may give people hope. However, some of these companies are not legitimate and homeowners may even end up worse off after all is said and done.
For those facing a large amount of debt in Tennessee, there are many options for seeking relief. However, not every company offering help is legitimate and some may be looking to take advantage of unsuspecting consumers. Because of this, the Fair Debt Collection Practices Act protects consumers and sets forth guidelines that companies offering debt relief must follow.
While you may be aware of financial identity theft, where someone uses your personal information to open new credit accounts and quickly runs up unpaid balances, you may not be aware of medical identity theft, a growing problem which can have a negative effect on people in Tennessee.
If you are considering a Tennessee bankruptcy, you are likely feeling overwhelmed and stressed by the amount of debt you have. Some people also worry that they might not have enough of a problem to qualify to file for bankruptcy. At Rothschild & Ausbrooks, PLLC, we understand that filing for bankruptcy can be complex and intimidating. However, many people who are considering filing often find that they are in fact qualified to do so.
When you are overwhelmed by medical debt in Tennessee, you may feel like there is no hope of ever paying off your financial obligations. Medical debt is a common problem in this country. In fact, TIME Magazine reports that 26 percent of adults have some kind of money troubles that are related to health care. That is why some people have turned to crowdfunding as a way to raise money to pay off their debts.
Receiving that first phone call or message from a collection agency can send your mind into a tailspin and make you feel like you're drowning. Living on a budget, managing bill payments, trying to stay afloat and all while working to do so is a struggle that most of us know too well.
When it comes to your finances in Tennessee, you may have heard about how important it is to have a good credit score. You may also have heard that it is vital to routinely monitor your credit report. While those two things are related to each other, they are separate. Having a clear understanding of each can play a role in helping you keep your finances healthy.