Taking the decision to file for bankruptcy is a big step. For many, taking such an action means that the debtor feels that their debts are too overwhelming to tackle alone. Debts can be a huge source of stress, particularly when creditors are being persistent in their...
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Month: June 2019
How does a secured credit card work?
On Behalf of Schwartz Bankruptcy Law Center | Jun 7, 2019 | Chapter 7 Bankruptcy
Most credit cards are unsecured loans. They are not backed up by anything. The lender is placing their faith in you that you will repay the money they give you, perhaps because you have shown a history of faithful payments in the past. However, you do have the option...
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