At the Lam Law Firm, LLC, we have years of experience handling bankruptcy matters on behalf of clients throughout South Carolina. Our lawyers have seen it all when it comes to bankruptcy cases, but one thing that remains consistent is the fact that the majority of bankruptcy cases could have been avoided with better financial planning. Below, we give you three tips that can help you save money and avoid filing for bankruptcy.
Tip #1: Take Advantage of Bank Account Perks
Do you pay a monthly fee for your checking or savings account? If so, you should research some of the other offers from banks to determine which ones have sign-up bonuses simply for opening an account and setting up direct deposit. You should also look for a bank with attractive interest rates for new accounts.
Tip #2: Sign Up for Free Customer Rewards Program
Most retailers these days offer free rewards programs for their customers. These programs essentially reward you with points or coupons that can be used to make purchases at the retailer. You should create a separate Gmail or Yahoo email address for the messages you receive from the programs you sign up for.
Tip #3: Negotiate Your Interest Rates
Are you paying too much interest on your credit cards? As long as you’ve been keeping up with your payments, you can negotiate your current interest rate with the credit card company. You can also transfer the balance from one card to an entirely different card. To do this, call the number on the back of your credit card and explain why you want the interest rate reduced.
Are you thinking of filing for bankruptcy because you have too much debt? Then call our legal team today at (843) 695-7700 to schedule your free consultation with one of our lawyers.