Many of today’s high net worth individuals are finding ways to pay off their debts successfully. Some bankruptcy lawyers have taken advantage of that, and are paying off their loan or car loans to pay lesser amounts. So what happens when all these lawyers take advantage of the laws and go to court on their own initiative?
Banks and other loan companies are allowed to offer loans on their behalf. This may mean charging the amount of the loan, or handling payments side-by-side. The money that Bankruptcy Court, is given, is going to be used to pay off your future’s loans.
This is different from a Bankruptcy Counseling Service, who will help you negotiate your own way out of a debt situation. You can call, write and negotiate with your lawyer. Look through various credit card debt counseling services, and know what type of services they offer before you sign up for them.
But only if you can give some educational value to schools, homes, and maybe the general public. You can also make a serious dent in your credit score with some education-related programs. The more education you have, the greater chance you’ll reap the benefits from their services.
Bankruptcy Law also allows for non-profit, non-profit, non-certified, and non-affiliated entities who provide educational support, or counseling about lowering your credit card debt. In fact you can opt out of getting their services by contacting the credit card companies. If you are thinking of getting a non-profit, check out the following:
If your organization has an official capacity to provide education, educational programs or treatment at home, consider getting a home-based organization.
Home-based organizations require that their members receive prescriptions, hospital visits and other counseling materials delivered by certified mail. When you decide to go this route, it helps to know that there are not set up home-based organizations.
There are some exceptions to the general rule that I referenced above about some non-affiliated entities not providing educational content or training. It should be noted that there is no specific state or federal law specifically providing that type of educational service independently of a home-based organization.
Here’s a look at what you can do if you’ve decided you’re going to use your non-profit or non-certified activities at home:
Apply for a credit card. If you have bank loans or car loans, you can apply for a credit card without a checking or savings account credit card. It doesn’t have to give away a percentage of the money you apply for, but you can still apply.
Send money. Most banks accept checks, but not all. The question is: Do you accept your checks or savings? Both are also available, and you could probably exchange money to get the check you sent for a check. You might get a lower interest rate if your checks or savings account are issued to members of the general public.
Use your car or truck. If you drive too much, you can be prosecuted for not obeying the rules. On the other hand, if you are not at the gas station and can handle your car, it might be called a ‘road trip.’ If you want to travel only with your ‘best friend’ at home, make sure your friend has the opportunity to experience the thrill of traveling – legally.’
Refuse to sign a financial statement. Some co-ops and other financial organizations charge fees to sign their financial statements. If you decide you’re not going to sign the statement, you may choose to dispute the fees yourself.
Refund policies are another area where some credit card companies stand. A majority of their fees are deductible, but not in a high percentage. This really is more of a red flag than a red flag for you. I’m guessing that the more expensive your balances become, the easier these credit card companies are for the people who are considering them as investment.
Free Personal Credit Report
You will need to get some free credit reports once in a while. A free credit report is a report of your credit history, whether it’s a good one or not. You will need to get two like this one. You need to use that one and put that number on the form. Within the first two days after you get the credit report it is free. If you normally order one then you won’t find out until you order three reports.
Some information that will help you should be on that report. Below is a list of places where you can find the free reports, one for each credit bureau or issuing bank.