Surprising Facts about Credit Card Offers

Ever gotten a credit card offer in the mail? You’re not alone. You may be surprised to learn that credit card offers come even to people with very poor credit. Studies have shown that people who file bankruptcy will receive more credit card offers than the average American. Why? Credit card companies are in it for the money. They make much more money from cardholders who carry balances and frequently pay late fees than they do from people who pay off their bills every month. Credit card companies know that people who have filed bankruptcy in Oneida or anywhere else, used to carry high balances and assume that pattern will continue in the future. People who have filed bankruptcy with a bankruptcy lawyer in Oneida are especially attractive to credit card companies because they are not permitted to file bankruptcy again for another 8 years. During this time, they cannot get out of paying all the high interest and late fees the credit card companies want to charge them. Whether or not you are thinking of filing bankruptcy, you can stop receiving credit card offers by mail if you’d like to. People may choose to opt out for a variety of reasons, ranging from preventing themselves from overspending to eliminating some of their junk mail. It’s easy to opt out of receiving credit card offers, and you can choose to opt out for 5 years or permanently. Most credit card offers come from mailing lists provided by the credit reporting bureaus, and they are required by law to allow you to opt out of receiving them. To opt out for 5 years, you can call 1-888-567-8688 or visit www.optoutprescreen.com and submit the opt-out form online. Be prepared to give your name, address, social security number, and date of birth. To opt out permanently, you will need to visit www.optoutprescreen.com and print their permanent opt-out form. You will need to complete the form and mail it in. This is because they must have your signature to make the opt-out permanent. You should be aware that even after you opt out, it is possible that you will receive credit card offers from companies that do not use the credit bureau’s mailing list. For instance, your bank may offer you a credit card without going through the credit reporting bureaus. However, opting out of this list will significantly reduce the number of credit card offers you receive. Consider opting out of credit card offers. It doesn’t take long to do, and you will not miss them when they’re gone. However, if you are in a position where a bankruptcy filing is your only way to get on top of your finances, it is important to hire the best attorney in...

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Which Insurance Do You Need? Our Oneida Bankruptcy Attorney Advises

Insurance: The Ultimate Form of Protection Every year, nearly 2 million people go through bankruptcy. Although debt comes from multiple sources, overwhelming medical bills are number one on the list. Among the many studies conducted on this very topic, one involved the analysis of data from the federal court system, Commonwealth Fund, Centers for Disease Control and Prevention, and the U.S. Census Bureau; the analysis discovered that 60 percent of all bankruptcies are directly linked to unpaid medical bills. You have options for protecting the people that you love as well as your personal assets, including your home, vehicle, and health. With the right insurance policies, you have peace of mind. Yes, insurance is an added expense, but not having insurance when you need it is a recipe for disaster. Many of the clients our Oneida bankruptcy attorney practice sees could have avoided filing bankruptcy if only they had been properly insured. 5 Necessary Insurance Policies:   Life Insurance Coverage The last thing you want to think about is death. However, it is important that you think about the people you love and how you can protect them once you are gone. For your loved ones who depend on you for their very existence, you need to take action to prevent them from struggling financially. With life insurance, your family can pay off medical expenses and other debt, arrange for a nice funeral, and have income replacement.   Long-Term Disability Insurance Coverage Often, long-term disability insurance is an elective, meaning it is not mandated. In addition, this type of insurance coverage is usually expensive, although the exact cost depends on your age, current health condition, and salary. Even so, if you were unable to work for an extended period of time due to a serious injury or illness, life would be extremely difficult without long-term disability insurance coverage. For the best policy and most affordable rate, it is important to talk to a number of insurance companies. As part of this, remember that “disability” often has different meanings, so you need all the facts.   Health Insurance Coverage Everyone in the United States is required to have health insurance. Although this expense is sometimes a burden, when you consider how much you could lose without having protection, the importance of good health insurance quickly becomes evident. Regardless of the type of health insurance that you have, if you are struggling financially, remember that an Oneida bankruptcy attorney can provide answers and guidance to help you get out of debt.   Homeowner’s Insurance Coverage Being a homeowner is exciting but also a huge responsibility. To own a home, you must maintain proper insurance coverage so you have protection in the event of a disaster. As you can imagine, the cost of replacing lost, stolen, or damaged items would be far greater without insurance. Along with the protection of personal belongings, homeowner’s insurance is designed to offer protection should someone be injured while on your property. For the best policy, take time to talk to a number of insurance companies to discuss the various available options.   Automobile Insurance Coverage Automobile insurance is also required. You can choose full coverage, which offers protection for you and another driver in case of an accident. However, to save money, you can purchase liability insurance, which only covers expenses of the other driver in an accident where you are the at-fault party. To better understand the different types of policies, it is important to speak with a reputable insurance company.   Without question, insurance is expensive but necessary. Without proper protection, there is simply...

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Oneida bankruptcy lawyers’ tips for dealing with collection calls

What to Do If a Collection Company Calls The easiest way to ruin your day is by talking to a collection company hounding you for money. Although these companies are just doing their job on behalf of your creditors, you have options for getting them to stop calling. For this, you need a plan that includes prioritizing debt. That way, you can determine which creditor you should pay first. Once you prioritize your financial obligations, you can then determine how much and when to pay according to your income. Only after putting together a realistic plan, should you contact your creditors to ask if they are willing to accept the terms. In most cases, creditors will work with you; otherwise, they may not recoup their money at all. The next time you receive a phone call from a collection company, instead of getting angry or upset, ask for the caller’s name, as well as the company’s name, address, and telephone number. You also want to confirm the name of the creditor and the full amount owed. With that information, let the caller know that you are going over your budget and will contact him or her once you know how much you can afford. Just make sure that you never make a promise to pay during the call. Working with an Oneida Bankruptcy Lawyer If the process is overwhelming, you can always reach out to our team of bankruptcy attorneys in Oneida. Our professionals will guide you through the process of devising a plan by looking at your debt-to-income ratio, the number of creditors, and other factors. When finished, your lawyer will have a plan that your creditors should accept. Collection companies have one goal: to get you to pay. As part of this, these companies use extremely forceful demands as a means of instilling fear that prompts you to make a rash decision. However, you will be advised by your bankruptcy attorney in Oneida to never make a financial decision, regardless of how big or small, while under stress. Instead, during the initial call with the collection company or in follow-up calls, politely advise the caller that you are working on a repayment plan and once you have it figured out, you will contact him or her. If the caller continues using pressure tactics, simply hang up. Whether you want to create a plan when dealing with collection companies or get out of debt completely by filing for bankruptcy, you need assistance from a legal professional. Therefore, you want to hire the best Oneida bankruptcy lawyer possible. We will stop the harassing phone calls and help you achieve a better financial...

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A Creditor has Filed a Judgement Against me in Oneida: Help!

What Should I Do If I Have a Judgment Filed Against Me? Once a creditor has filed a lawsuit against you, unless you take appropriate action, a judgment can be ordered. If you have received notification from the court that one of your creditors is suing you, the best course of action is securing the services of a qualified Oneida bankruptcy lawyer. One of the biggest mistakes that people make when a lawsuit has been filed by a creditor is doing nothing. In your situation, if your creditor does not get satisfactory results from the lawsuit, filing a judgment is the next obvious step. You want to avoid this since it can take between 10 and 20 years for a judgment to be paid in full, which means having a very long connection with that creditor. A creditor can collect money due via a judgment in several ways. For example, your wages can be garnished. In addition, your bank account, as well as other assets, can be frozen, meaning you no longer have access. Working with an Oneida bankruptcy attorney, will help you gain a much better understanding as to how everything works. You will learn that after a judgment is filed, your home, along with land and additional buildings, will automatically be hit with a lien. If that happens, you cannot sell until the full lien amount is paid. Remember, selling will not be possible if the amount of the added lien pushes the value of the home beyond what it is really worth. In addition, if there is any equity in the home, the sheriff’s department may be asked by the creditor to sell the property so money owed can be collected. Instead of going into panic mode, if you find yourself in this situation, it is essential to hire a reputable attorney. Keep in mind that a bankruptcy will not remove the judgment, but for an additional fee, your lawyer can take other action to have it wiped out. The additional legal fee is a small sacrifice for saving your home, land, and other physical property. Rather than do nothing, we encourage you to contact us today for a free consultation so we can review your case and help you get back on your feet. (315)...

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Can you answer YES to any of these questions?

Are you being burdened with any of these scenarios? Can you answer YES to any of these questions? If you answer yes to any of these questions then we can help! Are collection agencies constantly harassing you? Is your mailbox full of overdue notices? Are you using one credit card to pay off another? Has your vehicle been repossessed? Has someone sued you and won? Did your “ex” leave you with all of the bills and only half the household income? Are your total bills as much as you make in a year? Were you laid off from your job and now not working or working for less pay? Have you thought about getting a high interest loan or using your home and/or household goods as security for that loan? Harris-Courage & Grady PLLC understands your frustration and anxiety. As a debt relief firm, we offer real solutions to your financial problems that will bring you peace of mind and a new...

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