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No, because it can be considered fraud since you are using the credit cards to buy items without the intent to pay or honor your agreement to do so. It is fraud.
Understand that what you used the borrowed money for is not a factor (nor is it frequently clear what $ were used for what). It is just that there may be no way to regain any of what was spent on certain things.
BUT your credit card debt is against you and ALL things and earnings of yours. It is not a secured debt (like a car loan that has a preferential right to recover what was bought with that loan).
What else can I help you with?
Can you declare bankruptcy you get 579 a month disability plus 62 food stamps you have 4000 credit card debt Cant pay the billss?
You could file bankruptcy, but do you have any assets that a creditor could come after? Your disability payments are exempt from garnishment. The filing fee for a chapter 7 bankruptcy is $209 and the attorney's fees will be $500 at a bare minimum. Bankruptcy is very difficult to do all by yourself.
How monkey get and eat their food?
most monkeys have credit cards
Credit Card Responsibility?
Important financial tools used successfully by many are credit cards. It is true that some people have trouble managing their credit cards, but this may be from lack of knowledge about the best way to take advantage of using credit cards. This skill can be learned. If you have an emergency, use of credit cards can help you obtain needed help when immediate payment is required. Credit cards are also a great tool to use for vacation travel, when you do not want to carry around a lot of cash. They are useful in building up a good to excellent credit history and score when used properly and payments are made on time. This credit history is needed when you want to make a major installment loan for a home or vehicle. Credit cards are optional, and with careful management and timely payments, they can bring rewards of great convenience. Bad management can lead to bankruptcy. Never use credit cards for everyday expenses like food. If that occurs, it is time to find more income instead of using credit cards
Can you use a credit card to buy food?
Simply put: NO. Many fast food places have been suspected of copying credit cards and selling the numbers or selling copies of the cards.
When can you apply for credit again?
Life brings in its own taste in different aspects of life. When we go to restaurants, the food does not always taste good. The chef did try his best, but it's just that the day does not belong to him. That's what happens in life also. Even if we do things correctly, at times they turn out little off track on the longer run. Just as the chef ends up making a bad dish, we end up in a financial disaster. But that's not the dead end at all. There is a way out of it also, file for bankruptcy. Well as all coins have two sides, so does bankruptcy. There are few things one must keep in mind before filing for bankruptcy. There are often intelligent alternatives to bankruptcy. So do explore your options before filing for bankruptcy. That's because bankruptcy has its own negative impacts as well. So a bankruptcy attorney must be consulted. A bankruptcy attorney can give you very good idea of the pros and cons of filing for bankruptcy. There is a major demerit that comes along with bankruptcy. While filing for bankruptcy credit score comes down drastically. At this point in time several banks may even refuse to provide you with any kinds of loans. Even if they do agree they will charge more interest rates than what they would usually do. Well it can obviously be taken over in due course of time, but then there is no quick alternate to it. There are a few credit repair products available, which must be used intelligently. There is no fixed amount of time that you can again apply for credit. It depends and varies from different creditors. For example one creditor may allow to lend a consumer credit at a very short duration from bankruptcy, where as others may not. There is no definite law formed to stand by this. So it's all the creditors call. So whenever you apply for bankruptcy credit takes a bad hit. Bankruptcy stays on the credit history for about 7 to 10 years. So one must be very careful in taking new credits after filing for bankruptcy. Only small and necessary credits must be taken. It must be made sure that the credit report reflects things very accurately. Even if you are applying for new credits, they must be managed very carefully.
Is Buca di Beppo filing bankruptcy?
The company should probably think about filing for Chapter 11 protection. The food is mass produced junk and they have hundreds of coupons everywhere. Word is they are having problems here in California
Which economic utility increased when fast food restaurants credit cards?
Garbage Cans
I have 4 cards one for gas one for food one for vacations and another for emergencies Ideally speaking how many credit cards should you have?
Not bad. You sure have your priorities laid out there. Most experts and credit card service companies assure us that there is no universal tab on the number of credit cards that you can own. You could carry, say, 10 credit cards and have excellent credit; or just one with terrible credit. The amount you spend and can pay off is what matters most. But a good average is between three and seven credit cards.
Does Aldi shop accepts credit cards?
The Bridge card is a debit card used in replacement of food stamps in Michigan. It is an EBT card and ALDI takes EBT cards for payment.
What are th steps to filing chapter 11?
In a Chapter 7 bankruptcy, the income of the person filing will be subject to a two-part test. First, your income will be calculated with exemptions such as rent and food to determine whether you can afford to pay 25 percent of your unsecured debt such as your credit card bills. Second, your income will be compared to your state's median (middle) income. You won't be allowed to file for Chapter 7 if your income is above your state's median income and you can afford to pay 25 percent of your unsecured debt. Even if your income is below the state's median income and you can pay 25 percent of your unsecured debt, the court may still deny your Chapter 7 filing. There will be very few exceptions to this test, no matter how sympathetic your case is. If you pass the tests then the actual process of filing for bankruptcy will involve filing a two-page bankruptcy petition in which you identify your assets/property/debts etc. You will also meet with a trustee of the bankruptcy court who will go through your papers and conduct a creditors meeting. The process will take about 4-6 months.
Does food 4 less take American express?
Yes, they do. They also accept other major credit cards such as MasterCard, Visa, bank debit cards, checks and cash.
How much bad credit are you allowed to have to file bankruptcy?
It is more complicated than just having bad credit. When applying to file for bankruptcy, the court using a calculation that compares the amount of debt owed with your current (or foreseeable future) income. So it is the debt rather than the bad credit that allows you to file for bankruptcy. More specifically, your income will be calculated with exemptions such as rent and food to determine whether you can afford to pay 25 percent of your unsecured debt such as your credit card bills. Second, your income will be compared to your state's median (middle) income.
