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Helping good people through bad times

October 2016 Archives

Americans carry thousands of dollars in credit card debt

Credit cards are a convenient way to make purchases, but high balances can quickly spiral out of control, especially when one cannot pay them off in full each month. In fact, Chattanooga residents may be surprised to hear just how much the average American carries in credit card debt.

What to do when your rewards card leads to financial challenges

For some people in Tennessee who have a credit card, it is easy to simply swipe the card when making purchases without necessarily thinking of their credit card balance. Moreover, sometimes using a credit card is the only way they can pay for a large expense, such as a car repair or medical bill. However, unpaid balances combined with interest can add up month-to-month to the point where it can be difficult to make the required monthly payments.

A Chapter 13 repayment plan can bring debt relief to many

Many people Chattanooga may avoid filing for bankruptcy, despite being unable to make ends meet each month, due to the stigma associated with it. However, this stigma is entirely unwarranted. Financial difficulties can happen to even the most responsible and hard-working individuals, and debt forgiveness through bankruptcy is a means to help these people put their financial difficulties behind them and get a fresh financial start.

$96 million in debt forgiven in USA Discounter settlement

It is not unusual for consumers in Tennessee to purchase furniture, jewelry or other expensive items on credit. However, that doesn't mean that stores won't use predatory credit and collection practices against consumers. Fortunately, debt relief may be available through various means.

Kenneth C. Rannick, P.C.
4416 Brainerd Road
Chattanooga, TN 37411

Phone: 423-954-7180
Phone: 423-624-4002
Fax: 423-624-0509
Chattanooga Law Office Map