No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I am considering filing Chapter 7 bankruptcy in July 2019. If I were to take out a short term loan from an online lender for emergency expenses and pay it back in full by June 2019, would this be considered a "preferred" or "favored" creditor situation? Would this mean that I would have to take the amount I would borrow from the short term loan and turn it over to the trustee, even though the creditor will be paid in full? I am just confused, because I am unable to borrow any money from relatives.
If anybody in the community can explain how this might work, I would really appreciate it!
This definitely answers my question! I will definitely not be taking out the loan. Thank you!
Glad you asked before you got the loan. Pizza saved you from a total and complete mess. Most come on after they made a mistake. Never hesitate to ask the folks here anything you want to know before you make any moves. Good Luck on your journey!