341 meeting set

[arkienurse]

How do they "not accept" them? If I made a payment with Bank of America and click the "submit" button, it would never come back with an error saying, "payment not allowed"

No, but it might not get credited to your account in a timely manner either. When you are in a bk, all you have to do is be past the grace period one time for them to start procedings to get the automatic stay lifted.
In my case, my mortgage company sent me a letter post bk filing, that if my wish was to keep paying on my house, here was the address to sent the payment to, and here was what to write in the memo line on my check to make sure it got credited correctly. Perhaps if I had used online bill pay to send it to that address, they would have accepted it, but I damned sure wasn't going to gamble with my house and find out. If the payment got lost in limbo for a month, I wouldn't have had the extra to make it up until they found the payment, and it would have been a big headache that I wasn't willing to go through to save a stamp and a check.

[arkienurse]

What personal services do you need? I never need to speak to anybody from the bank. I have electronic deposit and I pay my bills electronically. There's nothing complicated about it. I see no reason not to use Bank of America. They are everywhere making it convenient to get money out via ATM in every state. There's no way I would ever want to do business with some small bank. If I were to pick some small bank, it would be such a hassle for me. Been there, done that. Never again.

We do not bank at this particular small bank, but once upon a time we banked at another, similarly sized bank. When my husband found a good used car he wanted, all he had to do was go into the bank and meet with the president, who also handled the loans. This man knew us personally, knew our families, did business at my mom's restaurant. He never ran a credit check before loaning us money for a car. That is one particular advantage I can see to a small town bank.

And the community that we live near, population 30,000, does not have a BoA.

To each his own.

[debtmonster]

We do not bank at this particular small bank, but once upon a time we banked at another, similarly sized bank. When my husband found a good used car he wanted, all he had to do was go into the bank and meet with the president, who also handled the loans. This man knew us personally, knew our families, did business at my mom's restaurant. He never ran a credit check before loaning us money for a car. That is one particular advantage I can see to a small town bank.

And the community that we live near, population 30,000, does not have a BoA.

To each his own.

No bank would ever give me a loan like that. They always run a credit check and right now my credit score is already in the mid 500's. Once I go bankrupt, it's most certain to hit the 400's!

I have learned my lesson from this. NO MORE CREDIT!! EVER!

I want to pay cash for everything in the future. I don't even want to finance another car for as long as I live.

I wish once you go bankrupt, no creditors would be jumping at the chance to give you credit again. Once you go bankrupt, you should never get approved for any credit for 5+ years. It amazes me that people get credit card offers the very next month after filing.

[kejac]

I wish our mortgage company would have sent us a letter stating where to send money, find out tomorrow after a phone call.
I do appreciate the comfort/convenience of paying your bill right from your pc. Its for the most part safe and easy. One thing, dont click the submit button twice because the page isnt loading fast enough, you just paid twice.
And I also enjoy jumping in the car or on the bike and visiting the bank then cable co, water co and so on. I consider myself to be a little bit personable, maybe more so introverted and getting out of the house on a friday morning is good for me

[PoorGrammyinBK7]

No bank would ever give me a loan like that. They always run a credit check and right now my credit score is already in the mid 500's. Once I go bankrupt, it's most certain to hit the 400's!

I have learned my lesson from this. NO MORE CREDIT!! EVER!

I want to pay cash for everything in the future. I don't even want to finance another car for as long as I live.

I wish once you go bankrupt, no creditors would be jumping at the chance to give you credit again. Once you go bankrupt, you should never get approved for any credit for 5+ years. It amazes me that people get credit card offers the very next month after filing.

Sorry, but I can't agree with you on that.

NOT EVERYONE is in bankruptcy because of overuse or misuse of CREDIT CARDS, etc.

Huge Medical Bills, Business lawsuits or other legal problems, failed businesses, hurricanes, fires, divorce, death of a spouse - all could throw well-meaning and otherwise credit worthy people into BK. Why should they not be able to buy a car or house or have an emergency credit card --- for 5years just because some people can't manage their money?

I am all for paying cash for almost everything - and my husband and I have done just that for most of our life, but things do happen that are not preventable and I am glad that at least this country has provided a way to have a fresh start.

[kejac]

TY Pinkie86, good luck with yours aswell.

[debtmonster]

Sorry, but I can't agree with you on that.

NOT EVERYONE is in bankruptcy because of overuse or misuse of CREDIT CARDS, etc.

Huge Medical Bills, Business lawsuits or other legal problems, failed businesses, hurricanes, fires, divorce, death of a spouse - all could throw well-meaning and otherwise credit worthy people into BK. Why should they not be able to buy a car or house or have an emergency credit card --- for 5years just because some people can't manage their money?

I am all for paying cash for almost everything - and my husband and I have done just that for most of our life, but things do happen that are not preventable and I am glad that at least this country has provided a way to have a fresh start.

Then when things happen that are not preventable, you have a savings account with a lot of money... which is what I plan to have once I stop paying for all of this debt.

My concern is something like... what happens if our AC was to die on us? I was just at a friends house in Miami a few weeks ago. His mom told us that she had to replace the AC unit. I said, "How much did that cost, about $3,000?" She said, "No, $8,000." I was like totally freaking out. There's no way I could come up with that kind of money if mine went south. I talked to an AC repair guy and he said the cost of AC units have sky rocketed because of the metals.

So instead of paying all of these thousands of dollars in interest, I want to start paying myself money. I also want to open an IRA. I'm 40 years old and do not have one dime put away for the future. I am so screwed.

I guess to totally live cheap, I would have to leave Florida and move to a cheap apartment in the midwest. I've seen nice apartments in Kansas for like $400/mo. on Rent.net. My jaw was on the floor. The same apartments in Miami would run about $1200/mo.

My business is on the Internet, so I could live just about anywhere. I want to leave Florida as it's too expensive to live here. I want to live in a state that has no state income tax and no property tax on cars. How many states are like that?

[Keebler]

What personal services do you need? I never need to speak to anybody from the bank. I have electronic deposit and I pay my bills electronically. There's nothing complicated about it. I see no reason not to use Bank of America. They are everywhere making it convenient to get money out via ATM in every state. There's no way I would ever want to do business with some small bank. If I were to pick some small bank, it would be such a hassle for me. Been there, done that. Never again.

The funny part is that the nearest branch office for my bank is more than 1,000 mile away and I'm completely happy with that arrangement.

[debtmonster]

The funny part is that the nearest branch office for my bank is more than 1,000 mile away and I'm completely happy with that arrangement.

Exactly. That's why I use Bank of America. If I need to use an ATM, they are all over.

I hate using stamps. I hate late mail. I hate waiting for checks to clear. If a creditors claims that the bill wasn't paid, my bank goes to bat for me to prove that it cleared. You can't get that from writing checks. I am amazed at how many people still write checks. The security issues from that are so bad. If your check ever got into the wrong hands, somebody could to an EFT fund transfer and suck out all of your money. I proved this a while back with X.COM back in the year 2000 when they allowed the customer to enter in the routing and account # from any account to take the money.

[epiphany]

I hate waiting for checks to clear. If a creditors claims that the bill wasn't paid, my bank goes to bat for me to prove that it cleared. You can't get that from writing checks.

HUH?

News to me.

ep

[debtmonster]

HUH?

News to me.

ep

Not to me. I've seen a credit say that they didn't get paid and then Bank of America proved that they did. It was really nice what a simple phone call could do when you use electronic bill pay.

They should do away with checks. I use a debit card every place I go. I see no reason to carry cash or write checks. I hate it when people don't quickly swipe a card in front of me at the grocery store.

[arkienurse]

HUH?

News to me.

ep

News to me too. The bank damned well better stand behind that cleared check in the same way they do the efts.

[Tabbygirl]

They should do away with checks. I use a debit card every place I go. I see no reason to carry cash or write checks. I hate it when people don't quickly swipe a card in front of me at the grocery store.

Wow.

We still write checks here in Texas. And checks are traceable due to the encoding information on the back. Personal preference is all right by me.

I personally don't worry about how other people pay for their groceries, so I'm not going to be offended by someone who writes a check or pays cash (and the cash person may be a Dave Ramsey follower, which is a good thing).

[WoodSprite]

Why are people still "mailing" bills instead of using on-line bill pay? ...There's no reason not to use on-line bill pay.

How do they "not accept" them? If I made a payment with Bank of America and click the "submit" button, it would never come back with an error saying, "payment not allowed".

As kejac says, you never get to that point...you can't log in to your account at all. It either tells you you're blocked from accessing your account, which is pretty scary if you're not expecting it, or it just acts like it's never heard of you, which is worse!

[Mi Bankruptcy]

My mortgage company would not accept online payments in any form while I was in an active bankruptcy. Had to mail the payment every month, and to a different address to boot. Perhaps your company is the same way( mine started as WaMu, but was sold to WellsFargo- was the same way with both)

Hey Arkien,
I am in almost the same boat. I just sent you a PM to ask you some questions.
Thanks,