Bankruptcy Lawyer Reveals Surprising Reason Why You Shouldn’t Borrow Money from Your Own Bank

Ohio-based bankruptcy attorney Adrienne Hines has shared advice on dealing with debts through a TikTok video. Hines advises against borrowing money from the bank where one holds their account. She explains that banks have access to a person’s financial activity and know everything about them. If a person defaults on a loan, the bank can quickly come after them since they have all the necessary information. Additionally, Hines highlights the issue of setoff, where banks can take money directly from a person’s account in certain situations. According to Nolo, there are two main types of … Read more