Switching Banks
When you become aware of certain banks that will “freeze” your accounts whether or not you owe them money, it is time to change, especially when you need to file bankruptcy. Most people are concerned about where to start again, and the answer is simple– somewhere we tell you or somewhere that you feel is a better option. However, it is very important when opening another account to not be blinded by the light. Remember, banks are there to push certain “add-ons” to accounts to make them look better. A credit card, for example, is the main one. Yes it gives you a way to build some credit while going through a bankruptcy, but what they forget to tell you is that the credit card is also attached to the newly opened checking account, so in the event that something does not clear it charges the account. The times you are running to the store last minute and forget to write an entry, or when you offspring uses it then forgets to inform you on the amount are the times that get you. The overdraft charges on the card then cause many problems, because then you as a client can not file for your bankruptcy until 90 days after the last charge…which in the “emergency” circumstances is not good and makes the process become a pain on everyone’s plate. So watch for the “hidden add-ons” that can easily make the road to recovery even longer.
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