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Helping good people through bad times

Credit Card Debt Archives

Credit card debt is a national problem

From Seattle to the District of Columbia, Detroit to San Antonio, Americans from all parts of the nation struggle with credit card debt. This fact may not offer Tennessee residents fighting with the burdens of high credit card balances and interest rates a lot of solace, but it should let them recognize that their problems are not unique. Credit cards can be important financial tools for many but can also lead some down the path of financial ruin.

Ways to manage holiday spending debt

According to a recent survey Americans complied more than $1,000 per shopper in debt over the holidays and most of those individuals did not plan to incur debts from their winter-month purchases. Chattanooga residents who are suffering from this financial crush should know that there are some debt relief strategies that they may employ on their own before they begin exploring other legal options for getting out from under their financial burdens.

How can I avoid credit card debt?

The New Year has arrived, and by now, some Tennessee residents may be finding that their good intentions to stick to their resolutions have begun to fade. While many may have tried to commit to healthier lifestyles, others may have prioritized getting their financial health back on track. One of the most challenging things to do is to manage one's spending when credit cards are available.

Holiday season can be the start of credit card debt for consumers

Now that Thanksgiving has ended Tennessee consumers may be gearing up for the December holiday season. A plethora of gift-giving days are on the horizon and with individuals generally feeling goodwill and generosity in their hearts the urge to buy may be quite strong. If individuals do not plan their shopping and create budgets that limit how and where they will spend their money, they may quickly find themselves in dangerous financial waters.

The right approach to filing for bankruptcy and rebuilding credit

Financial challenges are often cited as the biggest reasons why Tennessee residents decide to consider filing for bankruptcy. A concern that many have, however, is how the process will negatively affect their credit and what they can do after the bankruptcy is completed to rebuild their credit. Fortunately, there are ways to get back on stronger financial ground through bankruptcy and to rebuild credit. Having legal assistance is essential to this process.

Carrying credit card debt is going to get more expensive

It would have been pretty easy for our readers in Tennessee to overlook a recent news report that may have quite a significant impact on their finances. According to a recent report, the Federal Reserve has decided to adjust their interest rate upwards - a quarter percent of a hike.

Tips for improving your credit score

Tennessee residents who are facing debt problems will, in general, probably do their best to find a solution. Many will set up a household budget and stick to it, devoting a significant portion of their monthly income to paying down debt. Repaying the credit card debt in full is obviously the main goal, but there are other ways to improve a credit score.

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.

Using credit cards properly to avoid too much debt

Millions of Americans have credit cards that they probably use on a daily basis. For many people, there are various reasons to use credit cards instead of cash to make purchases, such as credit card rewards and building a credit score. But, there are also reasons to avoid using credit cards when possible.

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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