Motorcycle as a second vehicle?

[SinkingFast]

Which is your way of saying you don't believe the FICO.

It's happened a couple of times to us. Both times involved refi's of our house.

The first time, we'd taken out a 2nd on the house and paid off all unsecured debt not long before we were purchasing that car. Maybe 6 to 9 months prior to the car purchase. And maybe the reason the Judgement didn't have an impact on the score was because it only just appeared in our Credit History about a month before we were buying the car.

The second time our FICO's spiked, we did a total refi on the house. 80% first with a 20% HELOC, paid off all unsecured debt and went straight to 798 that time.

I remember the scores because both times, we bought a car, and both lending officers commented they'd never seen scores that high before.

[no_it_all]

Which is your way of saying you don't believe the FICO.

No, not at all, but now that you mentioned it....I do have a hard time wrapping my head around this:

Why a collections agency would dig up a six year old debt, send an investigator to do a records check in the county and generally mess with a whopping thousand dollar judgement. THAT is hard to believe.

Also, until you posted, I didn't realize a collections agency could call up a CRA and say "put a judgement on the report" I would <think> that a CRA would only do that when they did their monthly (or whenever, I don't know) sweep of actual court records. THAT is also hard to believe.

Not saying they aren't true, just very hard to believe....Again, the details you provided are a help in seeing the big picture, not only for me, but others that will read these threads.....

[SinkingFast]

No, not at all, but now that you mentioned it....I do have a hard time wrapping my head around this:

Why a collections agency would dig up a six year old debt, send an investigator to do a records check in the county and generally mess with a whopping thousand dollar judgement. THAT is hard to believe.

Also, until you posted, I didn't realize a collections agency could call up a CRA and say "put a judgement on the report" I would <think> that a CRA would only do that when they did their monthly (or whenever, I don't know) sweep of actual court records. THAT is also hard to believe.

Not saying they aren't true, just very hard to believe....Again, the details you provided are a help in seeing the big picture, not only for me, but others that will read these threads.....

Again, you did not READ the first, what is it 3 times now??!!

It wasn't a Collections AGENCY. It was a Credit Investigations company.

The Credit Investigations company had just opened an office in the town where we used to live in Southern Illinois, about 6 months before we were trying to buy the car. The paralegal at our old attny's office said their people had been all over the Court House the past few months.

And then, poof, about a month before we try to buy the car, that Credit Investigations company reported to the CRA's a $1000 Judgement against us as being registered in X county in Illinois on Y date.

The Credit Investigations company employee picked up the filing of the Law Suit against us, but never followed the Suit to it's conclusion. If that employee had done their job properly, that person would have known the case was Settled. There was no Judgement. And I still have Court Certified Documents to prove it.

I think you think other people lie because you are a liar.

[SinkingFast]

In fact, here's a link to a website about the Credit Investigations company:

http://www.ripoffreport.com/reports/ripoff131322.htm

CCS was the company that opened an office in the town where we'd lived.

[SinkingFast]

And Another link

http://www.consumeraffairs.com/scam_...nsumer_cr.html

I guess this is their business now. But back in the '90's, CCS was a Credit Investigations company that reported to CRA's.

[no_it_all]

OK, so how does a "Credit Investigations" company differ from a "Collections Agency" I am REALLY curious now. Especially the part about "Credit Investigating" companies reporting to a CRA. If you can, please explain. Also, since the "Collections Investigator" was not a collections agency, I wonder how did they funded their business??? By running around investigating six year old, thousand dollar "judgements" and splitting the booty with the principles?? That is one weird business plan! I am surprised the inept employee that found your "judgement" had enough pull to get it on your credit report..I always thought those were culled from court records. Apparently any yahoo can claim to be a "Credit Investigator" and slap "judgements" on credit reports.

BTW, those links are a little lame, I wouldn't use those for any real research...

[SinkingFast]

OK, so how does a "Credit Investigations" company differ from a "Collections Agency" I am REALLY curious now. Especially the part about "Credit Investigating" companies reporting to a CRA. If you can, please explain. Also, since the "Collections Investigator" was not a collections agency, I wonder how did they funded their business??? By running around investigating six year old, thousand dollar "judgements" and splitting the booty with the principles?? That is one weird business plan! I am surprised the inept employee that found your "judgement" had enough pull to get it on your credit report..I always thought those were culled from court records. Apparently any yahoo can claim to be a "Credit Investigator" and slap "judgements" on credit reports.

BTW, those links are a little lame, I wouldn't use those for any real research...

Again twisting words.

I say Credit Investigating company and you say Collections Investigor.

You are lame and I wouldn't use you for any real research.

This conversation is done and so are you. Just stuck a fork in you, and yup you are.

[no_it_all]

I did spend some time as a research assistant at Arizona State University while working as a Manufacturing Aerospace Engineer at Allied Signal Aerospace in Phoenix. So I do know a <little> about it. I know the difference between a white paper and an advertisement, but then, you don't even know what I am talking about do you? When you get confused again, give me a shout and I will steer you right........Glad I could be of service.

[SinkingFast]

WhooHooo and I'm supposed to be impressed.

You're not the only person here with higher education creditials.

We know PhD's who have little to no common sense. Get them off on quantum theory and they are just fine, but real day to day life, they have no clue. And that's you. You have no clue.

While you may be at Arizona, we're in the middle of one of the world's greatest Scientific and Engineering Think Tanks. I was involved in Research Engineering before you were even wet behind the ears. Maybe even before you were a glimmer in your Momma's eye. I could tell you products that are available today as a direct result of the research I did 30 years ago.

You think that you write therefore you are. Dissertations are more about substance than all the words you can muster to try and lull a presentation committee to sleep.

Just because you THINK it's not plausible does not make it so. All things are possible.

I wait for the day when the thing you think should not or could not happen to you does for seemingly no apparant reason. I also wish the "Parent Curse" for you. That when that even occurs, you'll encounter someone exactly like your self, maybe worse, that will make your life a living Hell at the time. Cause, Honey, what goes around, most certainly does come around.

[no_it_all]

The word is "credentials" not "creditials". Oh, and all things are most certainly NOT possible! Try dribbling a football!

[LostOne0069]

I give up.

I had hoped that you were like scammer, who, despite his handle, had a lot of really good information and insight to help people on this sight.

Now I know that this was incorrect. You picked your handle as a very appropriate description of your personality.

I give up. You're a troll and obviously no one can tell you anything without ending up in an argument.

Before I bail on this thread, I would just like to make one last effort to re-direct your energies.

I would like to point out (or remind, as the case may be) that this forum is to help those who are thinking about, or in the process of, going bankrupt. Bankruptcy is NOT the same as walking away from your debt, however you want to look at it. You cannot, without committing fraud, file bankruptcy and keep non-exempt property. In walking away from your debt, you are taking the theif's way out. Avoiding the law instead of working within the bounds of the law. Can you get away with it? Sure. Lots of people do. Lots of people probably even do it with no malice or thought of "getting away with it".. it just happens because the idea of bankruptcy is too scary.

That doesn't make it right, IMHO.

You do what you feel is best for you... but, in my opinion, this forum is NOT about how to BEAT the law, it's about how to follow the law and use it legally to your best advantage by understanding it.

[Minnymouth]

Very well put - LOST,

No-it-all just wants someone to argue with if he can get them going.

He may have some very valuable information to offer the forum, but he wants to do it in a destructive way, with an obnoxious attitude, and he definetely does not read what you post thoroughly. When you have to re-post it 2 or 3 times BEFORE IT REGISTERS WITH HIM..... he's just "glancing" at your answers.

He may be a college educated person with a very high IQ and very knowledgable in many areas...... but where I come from THAT IS ALL WASTED on an "educated IDIOT...." that has no common horse sense when dealing with the real world....

Just my opinion,



His time is short!!

[mydebtsucks]

Gee, I didn't know it would get this ugly from one simple question!! As a newbie here, I am taking all of this in...I don't actually know any of you. I am starting to be afraid...I thought judgements could NOT be erased by bankruptcy???

[Minnymouth]

mydebtsucks!!!

Welcome to our "sometimes contraversy" forum......

We have a few members that really voice their opinions and ideas very strongly and without thinking.......

Do not be intimidated by any of them......

This forum is open for any questions that you might have regarding bankruptcy and its entire process.

Most members are very respectable and understand what you are facing when you consider bankruptcy. They have been there done it...... AND THEY ARE HERE TO HELP YOU....

Others (often trolls) roam our site trying to upset other members, get arguments started, or suggest ways of commiting fraud, or trying to "beat the system".....

Beware.... These trolls are not with us long and go on their way.....

Feel free to ask questions, we will help with answers and support for you both mentally, emotionally, and with knowledge. We also direct you to govt sites where you can find additional information.

Sorry that your 1st visit to our forum was to read a thread where trolls are "on the move"......

Hope you visit us often and truly realize we are a "family here on this forum" and we discuss bankruptcy and all its aspects and how it affects our lives.....

We try our best to support each other thru the process!!


Minny

[LostOne0069]

Gee, I didn't know it would get this ugly from one simple question!! As a newbie here, I am taking all of this in...I don't actually know any of you. I am starting to be afraid...I thought judgements could NOT be erased by bankruptcy???

Sorry about that MDS.

OK, I did some research and it appears that Judgements DO get removed in bankruptcy as long as the judgement is not on a non-dischargable debt like Child support, taxes, student loans etc. etc.

To clarify a bit, if you get sued because you didn't pay your credit card, and they win, they get a judgement against you. THAT judgement appears to be able to get wiped out in bk.

If you get sued because you ran over your neighbor and they win a wrongful death suit against you or if you get sued because you're not paying your child support... THOSE debts I don't think are able to be discharged and thus I don't think the judgements are set aside.

Because we all got so sidetracked, I'm not clear on your situation. From looking back over the thread, you have $35k in credit card debt and an income of $45k.

Unless you have some other reason, such as ongoing medical bills, child support or something else that uses up your income (that the court will allow as an expense) I don't know that bankruptcy would be your best choice. You might be able to negotiate with your creditors and get a payment you can afford. Credit counseling services might be able to help you.

With your income over the median, unless you can show why your income is all used up with allowable living expenses, the bk court will probably push you into a chapter 13.... and with your relatively low amount of debt, a credit counseling service or negotiating directly with your creditors might give you the same outcome without having a bankruptcy on your credit report.

Good luck!