How to calculate your debt-to-income ratio
Your debt-to-income ratio is simply the amount of monthly debt you have relative to your income. If you do not know your ratio, you may be in for a surprise when trying to finance a home, car or...
View ArticleWill bankruptcy affect my tax refund?
When you file Chapter 7 bankruptcy, it seems to turn your finances upside down. There are many rules that you must follow or you could end up in trouble with the court. The trustee in your case will...
View ArticleAn option to consider if rental assistance does not help
Individuals experiencing serious financial hardship from a job loss may qualify for temporary rental relief. According to the Nashville Tennessean, a household may receive up to one year’s worth of...
View ArticleHow do Chapter 7 and Chapter 13 bankruptcies differ?
Once your financial situation starts to spiral out of control, it often proves difficult to get things back on track. If you have no feasible way of repaying what you owe creditors within the next few...
View ArticleWhat can I do to avoid foreclosure?
Getting a notice of foreclosure is very frightening. This is why it is imperative that you do everything you can beforehand to avoid the notice. While you may not be able to control everything related...
View ArticleWhat is debt collector misrepresentation?
As someone facing debt, you also face the possibility of debt collectors contacting you. In many cases, these debt collectors will stick to what is appropriate and will not overstep their boundaries....
View ArticleUnderstanding Tennessee bankruptcy exemptions
Tennessee law allows you to keep some personal assets if you file for bankruptcy. You can access debt relief without losing the life you have worked hard to build. Review the exemptions you can retain...
View ArticleAre there different types of foreclosure?
As explained by the U.S. Department of Housing and Urban Development, foreclosure proceedings typically begin within a few months of a missed mortgage payment. From there, the lending institution can...
View ArticleFocus on recovering financially after bankruptcy
Filing for chapter 7 bankruptcy may give you a fresh start, but if you do not make some changes, you could find yourself in financial trouble sometime in the future. The good news is there are a number...
View ArticleHow may a temporary forbearance help improve my finances?
Forbearance may provide you with temporary financial relief that may help you revise your budget. If approved, your mortgage servicer allows you to temporarily stop making monthly payments; you may...
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