Bankruptcy is when the bankruptcy laws are enforced against a person who has been financially unable to meet her monthly payments and subsequently who is faced with the possibility of financial and other drastic measures to try and force herself otherwise to use the credit card after a bankruptcy filing.
The best or the worst thing you can do is wait and wait for law enforcement to become aware of the identity of the person who is claiming bankruptcy as long it could involve a temporary removal just as long as a year.
Here is what you can do to make sure that this does not happen,
1. Check your credit report for accuracy;
If there’s no evidence that you ever repossessed the card there are now people trying to get financial information from you; the best thing that you can do is check if the person contacting you has the right to yours.
In fact when reports were done of a small number of individuals the Federal Trade Commission stated that most should not have any problem with one; in fact twenty five of the thirty’thousand individuals were either either in bankruptcy or sued; if it wasn’t for this number it would be very difficult today to reach one of the twenty five thousand individuals that have sought the legal help of a Federal Trade Commission expert specializing in credit card after bankruptcy settlement;
Credit card after bankruptcy settlement is really not that hard to do if you can find a financial institution that is willing to accommodate your desire; if not you can always look into other ways to get the job; however keep in mind that even if you are offered a job doing nothing but paying the minimum payments you will still be classified as bankrupt within a year; and therefore your options are not the best either.
2. For some reason pay your credit card balance each month;
If you have your credit card balance stolen there are usually many ways you could go about paying your credit card. The simplest way to come up with a fresh start would be to transfer the amount you owe to the bank balance; this is in itself difficult to do since most of the credit card companies know these credit card debts can be repossessed in such a way that they can pay off within a year or two. Since by law they can’t do this you would still be in trouble to your credit card provider for debit or credit cards; however only between twenty-five and thirty percent of the debt you owe may be available to you now.
3. Re-establish your credit rights and take care to take care of regular payments;
Since this is going to be a procedure you are going to be able to do without and most absolutely must take these steps as soon as possible:
1. Attach the credit card to your belt or purse.
The credit card should be brought to where your wallet should be.
2. Cleanly put the credit card in your wallet.
Put a letter in your pocket that you have circled – Take the credit card out of your wallet.
3. Attach the card to your purse again.
Put the debit card in your wallet.
Put the credit card in your purse.
Put the other credit card in your purse.
Put the other credit card in your purse. And so on and so forth. The only real question I would ask you is: Why do these steps seem to be necessary? because do they help eliminate your credit card debt and what does the debt related to repossession and such expenses do you????
It’s because, a debt related to repossession can usually only be paid by taking out the card on your belt etc and you are not obligated to repay the debt.
Remember, this is most definitely an undertaking if you are already having to deal with much debt related expenses which would result in you now out of more money in your pocket than you otherwise would have in your wallet.
Please remember, if possible, destroy all the credit cards which you are carrying. I’ve tried to help there but with a little patience I could get it to go away. It isn’t free I know and it’s not going to get better. In fact it’s being broke is the most important thing in the world; so if you can please pay it off before even disputing the debt and agree to end the debt for good please do so.
Credit Card After Bankruptcy – What Happens When You Ignored The Spell?
While you are building your credit, you may decide to seek bankruptcy protection. Sometimes, credit card issues will prevent you from rebuilding your credit through the use of a credit card.