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Helping good people through bad times

May 2017 Archives

As debt level climbs in America, many will seek options

Tennessee residents who have high levels of debt are not alone. According to a recent report, the overall debt balance of households throughout the country has risen to a level not seen since 2008 - prior to the financial crisis that resulted in the so-called "Great Recession."

Making the right move to find debt relief

Tennessee residents accumulate debt in a variety of ways. These days, student loan debts seem to be the primary problems. But, in other cases, many people have high levels of credit card debt or medical debt. Whatever the source of your debt problems, a variety of options - or a combination of options - may be available.

Overview of benefits from the "CARD act"

With a new presidential administration settling into office, there has been a lot of news coverage about potential new laws that could be enacted. However, our readers should know that, when it comes to credit card debt, there is already a law "on the books" that protects them: the CARD act.

If you're defaulting on credit cards, consider bankruptcy

As the national economy improves, more Americans are taking the risk of making purchases with credit cards. Although economists note the increase in consumer confidence as a positive factor for the economy, the reality is that rising credit card debt is bound to start causing problems if it continues unchecked. According to a recent report, one indicator of a potential problem is the rate at which consumers are defaulting on credit card debt.

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

Phone: 423-954-7180
Phone: 423-624-4002
Fax: 423-624-0509
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