The prepaid debit card can be gotten at a bank, but how can you get it at a bank it you can't get a checking or a saving account. Many consumers are locked out when it comes to ordering online, from TV, or some other businesses. Many businesses only accept credit or debit cards. The prepaid card can be gotten online with a check or money order .

The prepaid card can also be used for people who have checking or savings accounts. Most bank debit card is attached to a saving or checking account, leaving account holder open to fraud. An unknown person can get account number and withdraw funds without your knowledge. Having a prepaid or debit card can eliminates this threat. With prepaid or debit card, only amount of money on card is subject to loss. This card can also help one stay on a budget and lower credit card debt.

Parents, this card is great for college students. With two cards you can keep an eye on how your child is spending cash you are sending via transfer to put on card for college expenses. There is an online statement of all transactions. Or you can make a call to get it.

What a great way to save money and but this on card for vacation. Add to card little by little or save and add at one time. Keep saving pennies, nickels and dimes. They will pay in a great vacation. Make your hotel and rental car reservations.

Not only can this card but used for above situations, they also can be used for following: customers with bankruptcies, county court judgments, defaults, a low credit score, are unemployed, payment privacy and income support or benefit. Not only do this cards help save money, some also give a person a chance to earn money in their own business.

Ethel Robinson has an online business. www.directpaycash.com/go/visabiz4us

On other hand, bankruptcy is a legal procedure that offers a fresh start for people who can’t satisfy their debts. Individuals who follow bankruptcy rules receive a discharge or court order that says they do not have to repay certain debts. There are two primary types of personal bankruptcy:

Chapter 13 bankruptcy allows you, if you have a regular income and unlimited debt, to keep property, such as a mortgaged house or car, that you otherwise might lose. In chapter 13, court approves a repayment plan that allows you to pay off a default during a period of three to five years, rather than surrender any property.

Chapter 7 bankruptcy known as straight bankruptcy, involves liquidating all assets that are not exempt. Exempt property may include cars, work-related tools and basic household furnishings. Some property may be sold by a court-appointed official (trustee) or turned over to creditors.

NOTE: You can receive a discharge of your debts under Chapter 7 bankruptcy only once every six years.

Both types of bankruptcy may get rid of unsecured debts and stop foreclosures, repossessions, garnishments utility shut-offs and debt collection activities. Both also provide exemptions that allow you to keep certain assets, although exemption amounts vary.

Personal bankruptcy usually does not erase child support, alimony, fines, taxes and some student obligations. Also, unless you have an acceptable plan to catch up on your debt under Chapter 13, bankruptcy does not allow you to keep property when your creditor has an unpaid mortgage or lien on it.

Being burdened by debt is overwhelming and puts you into a position of great vulnerability. And, clearly, yielding to bankruptcy is an extreme measure that requires a great deal of thought. In last few years, a record number of consumers have been filing for bankruptcy.