Ask Me Help Desk - Credit card debt

Quote:

Originally Posted by JudyKayTee

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.

Quote:

Originally Posted by DrJizzle

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.

Quote:

Originally Posted by JudyKayTee

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

Quote:

Originally Posted by JudyKayTee

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

Right there.

Quote:

Originally Posted by JudyKayTee

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.