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Study Finds Eliminating Smaller Debts Most Effective in Reducing Overall Debt
Go to Study Finds Eliminating Smaller Debts Most Effective in Reducing Overall Debtpresented by: Gary Massey A new study published in the Journal of Marketing Research found that clearing smaller debts increases a person’s chances of paying off any remaining debts, labeled the “snowball method.” As reported by the Human Resources Journal, the authors of the study examined 4,200 accounts with Freedom Financial Network, a debt settlement…
Could Bankruptcy Be a Solution for Those Struggling with Student Loan Debt?
Go to Could Bankruptcy Be a Solution for Those Struggling with Student Loan Debt?A federal agency is asking Congress to consider letting people wipe out some of their student loan debt by filing for bankruptcy protection, but how it would impact the immense amount of student debt remains to be seen. According to a Kare11.com news report, student loan debt has soared from $430 billion to more than $1 trillion…
New Study Shows that Bankruptcy Filings May Dip Below Pre-Recession Lows
Go to New Study Shows that Bankruptcy Filings May Dip Below Pre-Recession LowsA joint study conducted by the American Bankruptcy Institute (ABI) and Epiq Systems shows the number of both commercial and noncommercial bankruptcy filings fell during the first half of 2012. Overall bankruptcy petitions fell 14 percent during the first half of the year, and those entities and individuals that filed for protection under bankruptcy law…
Foreclosure Rates Rise Significantly in Memphis
Go to Foreclosure Rates Rise Significantly in MemphisNew data from real estate information firm CoreLogic shows foreclosure rates in Memphis have increased since last year, according to a report from CommercialAppeal.com. The foreclosure rate among mortgage loans in Memphis rose to 2.65 percent in April as compared to 2.59 in the same month in 2011. Overall, foreclosures in the city are up 35.4…
How to Avoid the Seven Deadly Sins of Credit: Part 1
Go to How to Avoid the Seven Deadly Sins of Credit: Part 1This is part one of a two-part series on how to protect your credit. Be sure to check back for the second installment for more tips on how to obtain your best credit score. The pursuit to obtain excellent credit and an exceptional credit score can certainly be a difficult journey for some, but understanding…
How to Avoid the Seven Deadly Sins of Credit: Part 2
Go to How to Avoid the Seven Deadly Sins of Credit: Part 2This is the final entry in a two-part series on how to protect your credit. Be sure to read the first entry for other tips on how to obtain your best credit score. Maintaining an exceptional credit score and excellent credit report, or working to improve your credit history, can be a complicated and lengthy…
City of La Vergne to Host Foreclosure Prevention Seminar
Go to City of La Vergne to Host Foreclosure Prevention SeminarThe Daily News Journal reports that a foreclosure prevention seminar will be held in La Vergne in order to help Tennessee homeowners who may be struggling to keep their home. The La Vergne Foreclosure Prevention Task Force is hosting its third foreclosure prevention event for Tennesseans who may be behind on their mortgage payment or…
Research Shows Bankruptcy Filings Increase after Tax Refunds Received
Go to Research Shows Bankruptcy Filings Increase after Tax Refunds Receivedpresented by: Gary Massey If you are one of the fortunate few who is receiving a tax refund this year, your mind may be filled with wonderful possibilities on how to spend it; however, for Americans who may be in financial trouble, a refund may allow a person to finally file for bankruptcy as a…
Gary Massey Outlines the Bankruptcy Dismissal Procedures in Tennessee
Go to Gary Massey Outlines the Bankruptcy Dismissal Procedures in TennesseeA dismissal in a TN bankruptcy case commonly means something has gone wrong in the case, such as a failure by the debtor to comply with the Bankruptcy Code, and the bankruptcy case, as a result, is going to end prematurely and without a discharge. A creditor may win under these circumstances because the debt…
