One of the most common reasons why people who are struggling, but managing to keep their heads above water, wind up filing for Bankruptcy is that they lose control of their cash flows.
Loss of control can occur accidentally, like when a tire blows out, or a kid gets sick and needs uncovered care, or it can happen on purpose. When bill collectors call you, their mission is to get money NOW. They often offer your convenience of setting up a bank draft, or an auto pay.
Giving someone else permission to access your accounts, gives them control of the timing of your payments. Don’t do it.
This article is written by an attorney at Attorney Donald Wyatt PC. Always consult an attorney before making any legal decisions. To make an appointment today, please click here to contact us.