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Debt Relief Archives

Debt relief hard for many with student loans

Many students in Chattanooga are likely looking for student loans to pay for all or most of their college education. However, for those who come through school and do not get work, trying to get debt relief for student loans is often very difficult, though for some not completely impossible.

More debt relief may soon be on the way for Chattanooga residents

As many Chattanooga, Tennessee, residents know, the past few years have not been an easy time for those trying to pay off a mortgage. Debt relief by way of additional income has come rarely, as consumers and homeowners have been facing financial challenges, and it seems like the banks who loan these people money have been largely unable or unwilling to help a distressed borrower.

In Chattanooga, Facebook may aid debt collectors

Many hardworking folks in Chattanooga, Tennessee, who happen to fall behind on their debts, are forced to suffer from creditor harassment because of mounting consumer debts. Even while these people search for whatever debt relief they can find for their financial challenges, they are still pursued relentlessly by creditors, who do not want to give them a break. However, debtors may unintentionally be giving these creditors help in their pursuits by using social media such as Facebook, Twitter and LinkedIn.

Report shows mortgage loan settlement aids Tennessee homeowners

There is good news for the Tennessee economy and homeowners, who have faced financial challenges in paying mortgages. A recent report revealed that homeowners in Tennessee are receiving a bit of debt relief from the recent mortgage loan settlement that was reached.

Extension of mortgage debt relief law backed by Senate panel

Chattanooga homeowners who are facing financial challenges and struggling to pay their mortgages may get some good news. A Senate panel has backed an extension of the Mortgage Forgiveness Debt Relief Act through 2013. The act provides debt relief for homeowners by allowing them to write off their debt balances through loan-modification agreements. It was scheduled to expire in December, which would mean that debtors who had gone through foreclosure or bankruptcy would have to pay huge amounts in taxes on the amounts that had been forgiven. For consumers that have worked to eliminate debt, this would cause even more financial difficulty.

Unpaid medical debt may not go away after being settled

As many Tennessee residents are no doubt aware, in this tough economy, many people have lost their health insurance when they have lost their jobs. Health care reform is supposed to address that, but it remains to be seen if it will work or be repealed. In the meantime, many people have mountains of medical debt piling up that they are unable to pay back.

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

Phone: 423-624-4002
Toll Free: 800-257-7594
Fax: 423-624-0509
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