Interesting informaton:
Minny
Minny
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Minny
"It's amazing the paths that our feet sometimes follow in life".
My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different. -
I saw that PBS Special presentation.
That Andrew Kahr is evil reincarnate. You'd have to see him talking in the interview. The man literally has no soul. He's the man behind the lower, 2% payments, and a whole bunch of other stuff that CC's use to get you to take them in the first place and then to run up balances.
It's all about revolvers. People who maintain balances. So the CC's can collect interest money off you every month. CC's hate people who use them and then pay in full every month, before the grace period, so they can't get any interest money off the charges.
How this branch of finance has little to no regulation. You buy a car or a home, the interest rate is fixed at the beginning. You take a CC and they can change your interest rate any time they choose. Their only limit is a Federally mandated max.
There were interviews with people who filed BK due to their CC's. The snowball effect. Lay-off or illness. Miss a payment. Hit with late fees and interest hikes.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen... -
Wow!! I'm certainly getting one heck of an education through all of this; albeit a painful one!Filed: 2/24/2006
341 mtg: 4/4/2006:angel:
Discharged: 9/25/08!!!!!:yahoo::yahoo::yahoo::yahoo::yahoo:Comment
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Yes, its AMAZING at what we learn afterwards, isn't it!!!
All the fine print that's not read, fees we don't know about, and how they can change them on a whim.......
Consumer BEWARE - read the fine print...... save yourself a lot of grief...
This also includes, mortgages, insurance (all).... ANY legal paper you may sign.....
KNOW WHAT YOUR SIGNING.... and the effects in the future if something goes wrong....Minny
"It's amazing the paths that our feet sometimes follow in life".
My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different.Comment
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Very informative website! Great job in making it a 'Sticky'The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation.Comment
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