Paying Your Bills During a Bank Levy
When you're faced with a bank levy, that means that your life and your financial situation could get pretty difficult. If the IRS or another creditor has taken control of your bank account, then you're not going to have funds at your disposal to pay for the things that you need to each and every month. A lot of times, people tend to have trouble paying for their bills like making credit card payments when their funds have been levied. If this is happening to you, then you need to find a way to deal with it.
If you don't make the payments on your monthly bills, then you are going to end up losing a lot. You could end up losing your home or not being able to pay for things like electricity in your home. This is a situation that you desperately want to avoid, and it's something that you should always take seriously. Bank levies often change people's lives forever, so you need to work something out to be able to pay for your bills and move on with your life.
How to Get Bills Paid
If your funds have been levied by the IRS, then you are going to have to explore other options for paying your bills. One thing that you can do is try to put some of these bills on a credit card. If you have cards that you can use, find out what your limits are and see what you can charge. You may actually be able to get cash out on your credit cards, and this could help you pay some of your bills. Remember, though, that if you do this, you're still going to have to make payments on the cards.
Another thing that you can do to keep your bills paid during a levy is to ask for some help from your friends and family members. Although you might not want to do this, it's going to be in your best interest not to let these bills go unpaid. Usually, family members and friends will be willing to help out. You can even set up a method of paying them back for these loans, so that you and they feel a lot more comfortable with the situation. Just make sure that you don't end up borrowing money that you can't pay back.
You might also want to consider getting another job that will pay you in cash for the work that you do. If you can take on yard work or babysitting jobs or even if some of your family members can, then you could get together enough money to pay your bills during a levy. If you do this kind of work during the levy, keep in mind that this is something that you will have to report on your taxes. As you are already in trouble with the IRS, it's a bad idea to try and keep this from them.
Get Rid of Your Debt
Paying your bills during a bank levy can be really difficult, and it's a situation that you don't want to have to face ever. As such, you need to find a way to pay off the debt that you owe to your creditor and thus make the bank levy go away. Not being able to access the money in your bank account to pay bills can cause a serious problem, and it's something that you don't want to have to bear the burden of. Figure out a way to get the money to pay off your debt and make it go away.
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State Guides to Credit Card Laws
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