I am including 4 credit cards in my Chapter 7 to the tune of $17,000. 3 are from Chase, 1 Discover.
I used a balance transfer offer to send $2,500 to 1 Chase from Discover 6 months back. There was an offer for 18 months no interest and transfer fee free. That card, which has only the balance transfer mind you, is down to $1,600 now.
I am currently making minimum payments to all of my cards. My concern is if I should try to put more money towards the balance transfer card and have it fully paid off before filing? Searching online made me fear of the 'Fraud & AP. I don't understand how a balance transfer is so bad in this situation, but I fear it greatly resulting in a terrible bankrupcy experience. I honestly have no idea what is best. Your thoughts appreciated~
I used a balance transfer offer to send $2,500 to 1 Chase from Discover 6 months back. There was an offer for 18 months no interest and transfer fee free. That card, which has only the balance transfer mind you, is down to $1,600 now.
I am currently making minimum payments to all of my cards. My concern is if I should try to put more money towards the balance transfer card and have it fully paid off before filing? Searching online made me fear of the 'Fraud & AP. I don't understand how a balance transfer is so bad in this situation, but I fear it greatly resulting in a terrible bankrupcy experience. I honestly have no idea what is best. Your thoughts appreciated~
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