I have recently become totally disabled my income went from $7.000 a month to $1467.00 a month I have $45.000 in credit card debt that I can not pay I can't afford to file bankruptcy because I can't afford an attorney.I have no money in the bank & still owe on my home for 28 years I can pay for my home but after that and my utility bills I have only $210.00 a month for food . What is going to happen to me? I am devastated and don't know what to do. Any ideas will be greatly appreciated

If I change my bank can a creditor or credit card company finf it even if I don't use this account to write any checks to then on this acc

Eventually they will find it.

If you have a credit card with a company they already have more info than needed to follow your credit history.

If you change banks, and give don't give that creditor ANYTHING that would draw the connection to that account, they will never find it. They do not and cannot get access to your SS records.

However, if they sue you for the debt, the judge can force you to reveal all your assets, including that account. But by the time that would happen, you would have plenty of time to take evasive action.

Im not saying anything... but the word "offshores" comes to mind heheh (kidding!! Kind of... )

I have recently lost all my income . I was making 7.0000 a month at my business which I had to close & received no money from it. I am receiving social security disability in the amount of $ 962.00 a month which is enough to make my house payment leaving $162.00 a month for food . I am 42.000 in credit card debt and have no way to pay this back or even enough to file bankruptcy what can I do . Can they put a lien on my house? I still owe on it for 28 years please I need a answer

Didn't you just post this question earlier?

I do not know what will happen to you. I will relate to you my experience. It may not be over but so far I believe so.

Mann Bracken sent a suit for a judgement against myself. It was going to go into default so I did get an attorney to stop that. I also had 3 other companies calling and after me. My attorney sent them letters 2 weeks ago. End of story at this point.

I realize you do not have money for a lawyer, but this was less than 2000$ and I sold some personal belonging to get the money.

My point was, I owed credit card company X, mann B bought the debt, I do not owe them, they bought a pig in a poke.

I suggest you sell something and be sure to get an attorney with some cajones.

Resqueen

dkstevenson: They can put a lien on your home. That means that if you ever sell the house, you will have to pay back the mortgage, then pay them, then pay yourself. They cannot make you sell your home.

Realistically, you can't afford your home. You should try to sell it and start renting while you can... unless you think you will be able to gain another source of income.

You probably still have quite a bit of time before the CC companies pursue legal action so find another source of income and start saving if you want to file BK.

There are always options but, unfortunately, they are not always the options that you want to hear. You owed the money.. you can't expect to get out of it for free.

If you change banks, and give dont give that creditor ANYTHING that would draw the connection to that account, they will never find it. They do not and cannot get access to your SS records.

However, if they sue you for the debt, the judge can force you to reveal all your assets, including that account. But by the time that would happen, you would have plenty of time to take evasive action.

Im not saying anything... but the word "offshores" comes to mind heheh (kidding!!! kinda...)


This is not correct - the company that extended the credit has a ton of info, doesn't need anyone's cooperation.

The creditor will simply "run" the check and ALL accounts will show up.

Hehe.

This is not correct - the company that extended the credit has a ton of info, doesn't need anyone's cooperation.

The creditor will simply "run" the check and ALL accounts will show up.

Hehe.


So you're saying that if I opened a new bank account tomorrow that any creditor trying to collect from me from the past can simply run a check and find that account?

Where would they be deriving this information from?

So youre saying that if I opened a new bank account tomorrow that any creditor trying to collect from me from the past can simply run a check and find that account??

Where would they be deriving this information from?


Banks submit this information to credit report agencies on a routine basis.

And, yes, that's what I'm saying to you.

I agree and also mentioned this in post #4. They know you backwards and forward.

I have never seen checking/savings account information or employment information on a credit report unless it was used by the debtor to obtain credit, in some way.

I suppose I could be wrong but for now, I have to disagree...

I have never seen checking/savings account information or employment information on a credit report unless it was used by the debtor to obtain credit, in some way.

I suppose I could be wrong but for now, I have to disagree...



Then we stand in disagreement, your experience being different from mine.

I am okay with disagreeing but would much rather NOT be wrong :D

I know you have a lot of experience here, Judy, as I have read many of your posts... I value your input.

Have you seen examples of that happening... where banking or employment information has shown up on a credit report when the debtor did NOT submit that information to anyone... anywhere (meaning the credit bureaus themselves or any credit application)?

Yes I have to agree with JudyKayTee, I know from working that banks can and DO sumbit information routinely to the credit agencies.

I know that banks submit information to credit reporting bureaus... but from what I know, it is only pertaining to a loan or credit card issues through that bank.

I have never heard of a bank submitting anything referencing a checking or savings account to a credit bureau. I have only ever seen this kind of information on a report when the user has submitted that information themselves.

Can anyone say for sure that this is what is happening?

Why would a bank report my checking account to a credit bureau if it is not linked in any way to a loan or a credit card I have through them.. UNLESS, I have a negative balance and am past due repaying it?

I know that banks submit information to credit reporting bureaus... but from what I know, it is only pertaining to a loan or credit card issues thru that bank.

I have never heard of a bank submitting anything referencing a checking or savings account to a credit bureau. I have only ever seen this kind of information on a report when the user has submitted that information themselves.

Can anyone say for sure that this is what is happening??

Why would a bank report my checking account to a credit bureau if it is not linked in any way to a loan or a credit card I have thru them.. UNLESS, I have a negative balance and am past due repaying it??



I think I already said that I have seen reports where the bank has reported an account has been opened, a CD has been obtained. Sometimes the bank runs a check to see where the deposit money comes from.

I don't work in the banking industry so why it happens, I don't know. I only know that it does.

To "assume" that opening a new account at another bank keeps a lien from being collected is simply foolish.

Again,JudykayTee is 100% correct! Make the mistake of opening another account and think it will not be found think again! I have said this before and I will say it again THEY WILL FIND IT

I think I already said that I have seen reports where the bank has reported an account has been opened, a CD has been obtained. Sometimes the bank runs a check to see where the deposit money comes from.

I don't work in the banking industry so why it happens, I don't know. I only know that it does.

To "assume" that opening a new account at another bank keeps a lien from being collected is simply foolish.

So then you are talking about when a CD is opened with a large sum of money deposited into such account?

Weren't we just talking about opening up a regular account at a bank... why I was asking for clarification on a simple checking or savings account... maybe with only $10 in each?

And I never got a clarification if anyone was referring to "banks report to credit bureaus" (which we ALL should know that) or if "banks report the opening of a new checking account... or ANY information about a checking account to a credit bureau" (which was all I was looking for.. and still hasn't been clarified).

I have to stand by my position... with over 7 years experience in the debt/credit industry, I have never witnessed a credit report with information about someone's personal checking account that the person themselves did NOT submit to a credit bureau or submit via a credit application.

I have actually had clients successful avoid a bank levy by closing the bank account that was originally associated with their credit card and banking somewhere else.

We have also had MANY clients change where they bank so that certain creditors CANNOT obtain certain information about the client that might interfere with negotiations on the debts they owe.

It is, indeed, "foolish to 'assume' that opening a new account at another bank keeps a lien from being collected" as someone said... but I haven't seen anyone make that claim yet.

I think this should be taken to the discussion board - it is counterproductive and not helpful to the OP. I also question the legality of advising a "client" to close an account here and open one there to avoid a lien. That's another subject.

You've never seen a SS number on a credit report. I have. Maybe my sources are different from yours.

Let's either move it, get a third opinion/observation or drop it.


I can only tell you my experience as an investigator.

That is fine. But I don't advise clients... I am not a legal adviser. I give clients options and allow them to choose the path they think is best.

I have definitely seen plenty of reports with SS numbers on them? I don't know where that came from.

Anyway, obviously when emotions run high, intelligence runs low and we are not seeming to read what is actually being written so we can move on.


As for the OP, he edited his original post to clarify what he was looking for... so the option is still there that if you do not plan on moving or selling your home, you can focus on surviving. That is your main priority. They cannot garnish your disability and you have no funds in a bank account to levy.

They can still lien your home but if you intend to live out your life there, so what?

If you do plan on moving or selling, you have to assume that they will lien your home. How much equity do you have or will you have when you sell? You may have to repay this debt before you can take any profit made from the house to move on.

That is fine. But I dont advise clients... I am not a legal adviser. i give clients options and allow them to choose the path they think is best.

I have definitely seen plenty of reports with SS numbers on them? I dont know where that came from.

Anyway, obviously when emotions run high, intelligence runs low and we are not seeming to read what is actually being written so we can move on.


As for the OP, he edited his original post to clarify what he was looking for... so the option is still there that if you do not plan on moving or selling your home, you can focus on surviving. That is your main priority. They cannot garnish your disability and you have no funds in a bank account to levy.

They can still lien your home but if you intend to live out your life there, so what?

If you do plan on moving or selling, you have to assume that they will lien your home. How much equity do you have or will you have when you sell? You may have to repay this debt before you can take any profit made from the house to move on.



Where did my last post say YOU have seen plenty of credit reports with SSN on them? I presume that's what you mean by: "I have definitely seen plenty of reports with SS numbers on them? I dont know where that came from."

I also - because of my line of work - have to chuckle at "But I dont advise clients... I am not a legal adviser. i give clients options and allow them to choose the path they think is best." Every malpractice suit I've ever had involving anything financial has carried this same defense. Hard to believe your liability insurance carrier is aware of that philosophy.

As far as - "obviously when emotions run high, intelligence runs low and we are not seeming to read what is actually being written so we can move on" - kindly speak for yourself, your emotions, intelligence and reading abilities and leave me out of your conclusions.

Where did my last post say YOU have seen plenty of credit reports with SSN on them?



You've never seen a SS number on a credit report. I have. Maybe my sources are different from yours.

Right there.


As far as - "obviously when emotions run high, intelligence runs low and we are not seeming to read what is actually being written so we can move on" - kindly speak for yourself, your emotions, intelligence and reading abilities and leave me out of your conclusions.

It's not difficult to spot the change in one's tone once emotions get involved.

Even more so when one begins misquoting others to validate their point.