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Posts tagged "creditors"

How to get out of the quagmire of credit card debt

Any Tennessee resident who struggles with debt knows that it can feel like being trapped in thick, deep mud that makes it nearly impossible to get anywhere. Forward progress on getting out of credit card debt seems nearly impossible because the interest that builds up month after month can actually cause the debtor to sink farther down. What a debtor needs is a strong and reliable arm to help pull them out.

What can debtors do to settle their credit card debts?

Credit cards have changed the spending habits of millions of people in the United States, including many in Tennessee. Unfortunately, with the flexibility offered by credit cards come credit card debt problems. Unfortunately, far too many individuals fall victim to the vicious debt cycle often imposed by credit cards. They use the cards to bridge an income gap, only to find themselves unable to pay interest, resulting in even more debt. Eventually, it becomes overwhelming. When this happens, you need help. So what are the relief options available to you?

Size of credit card debt often alarms consumers in January

Like many Americans, Tennesseans rely on credit cards' convenience to pay for a wide variety of products and services. They may also use those cards more freely during the holidays, often without closely tracking how much they are spending. The problem has been made worse in recent years by the increase in online shopping, which usually requires a credit card.

Many consumers growing comfortable with credit card balances

For many people in Tennessee, credit cards are a great way to build a credit report, raise their credit score and help secure credit for larger purchases in the future. However, with a struggling economy and high unemployment, many others find themselves turning to credit cards to help them through the hard times. Unfortunately, this reliance on credit cards may lead to a downward spiral of debt and financial challenges.

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

Phone: 423-624-4002
Toll Free: 800-257-7594
Fax: 423-624-0509
Chattanooga Law Office Map