Good Lifestyle

The idea of To borrow money is intrinsically overwhelming: there is the request process, (hope) the approval, then finally reimburse the money - with interest . But it can also be difficult to know where to start with a loan, especially to which financial institution to borrow. Your first instinct may be to go to the bank you have been using for years because you probably have a lot of confidence. But according to Ohio bankruptcy lawyer Adrienne Hines , this is something that you should avoid at all costs.

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In a December 29, 2023 Tiktok video , Hines, which uses the @theladylikelawyer handle, says it is one of its rules as a bankruptcy.

"I will never prevent money from the bank where I bank," said Hines in the video. "What I mean by that is that I will never prevent money from an institution that has eyes on my real deposits and my financial activity."

Although no one plans to be lacking, that is to say, stop making payments, Hines stresses that problems can arise if you find yourself in this situation.

"If you cannot pay this bill, the problem with your banking institution is that they know everything about you. They know that you are paid the first and the fifteenth of each month - or both Thursday - they know, Historically, if you get bonuses historically, etc., etc., "said Hines.

Because they have all this knowledge and information, this allows creditors to come after payment much faster.

"When you have a financially problem, the creditors who come after you the fastest are the ones who know the most about you, and that is why I would never take money from where I bank," said Hines.

In addition to that, you must also worry about to release , that the United States Ministry of Justice defines as the "equitable right of a creditor to deduce a debt which he owes to the debtor of a complaint that he has against the debtor arising from a separate transaction".

"They can withdraw money from your account in many situations, in many states, under many rules," said Hines. "So ... that's why I don't do that." AE0FCC31AE342FD3A1346EBB1F342FCB

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But the non-financial of Hines does not stop there. She first raised her concerns about borrowing money from your ordinary bank in a Video of December 27, 2023 , in which she highlighted a few other things that she "would never do".

Hines said she was also a loan, which means that you "are legally responsible for the whole debt if the other person does not pay", according to his text, covering the Tiktok.

"Number, I would never cosi on a debt - not for a child, not for my best friend, not for my sister - unless I am ready, willing and capable of taking care of payments at any time, for Any reason, "she says.

Another non-Non was linked to unsuitable debts, namely credit cards, medical invoices or personal loans.

"[If this debt] has exceeded what I was going to get in a tax refund, I take the tax reimbursement and file the bankruptcy and get rid of all my debts," explains Hines.

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Best Life offers the most up -to -date financial information for high -level experts and latest news and research, but our content is not supposed to replace professional advice. Regarding the money you spend, save or invest, always consult your financial advisor directly.