Confusing title, I know-I just couldn't figure out a better way to phrase it. Long story short, we needed to purchase a car prior to BK because both of our cars are older and not in great shape, so we decided to buy a certified pre-owned car for good solid transportation with a factory warranty. In looking for the best deal we ended up finding one at a dealer about 650 miles away. Even when factoring in the delivery cost, taxes, fees, etc...we're going to save nearly $2000 over purchasing locally. My wife is purchasing the car as she is still current on all of her cards, got a great rate, etc... I have already been in default for about two months so I am not a part of the transaction. I sold my truck privately to provide a down payment which we of course need to get to the dealer. My initial thought was to wire the money from our joint account. However, when the dealer sent the wiring instructions I noticed that the bank the money is going to is a Chase bank. I owe Chase $8K in cc debt which I am currently in default on. Maybe this is just conspiracy theory here, but the following scenario entered my head:
We wire the money from an account that has both of our names on it and who knows what other identifying information that goes along with bank accounts (SSN?)
The money shows up in the dealer account as coming from the account of "so-and-so" and "so-and-so."
Someone or some computer program (from Chase), etc..."sees" the transaction and says "HEY! That "so-and-so" owes us $8K!!!" and they seize the money somehow.
Is this possible or am I worrying about nothing? I suppose I could have my wife get a cashier's check in her name and simply overnight it to them, but that is going to delay the transaction compared to wiring it. We were hoping to get the vehicle on the delivery truck tomorrow morning (the buyer is coming for my truck in a few hours) and have it here Monday or Tuesday. Any thoughts? HHM are you out there?
We wire the money from an account that has both of our names on it and who knows what other identifying information that goes along with bank accounts (SSN?)
The money shows up in the dealer account as coming from the account of "so-and-so" and "so-and-so."
Someone or some computer program (from Chase), etc..."sees" the transaction and says "HEY! That "so-and-so" owes us $8K!!!" and they seize the money somehow.
Is this possible or am I worrying about nothing? I suppose I could have my wife get a cashier's check in her name and simply overnight it to them, but that is going to delay the transaction compared to wiring it. We were hoping to get the vehicle on the delivery truck tomorrow morning (the buyer is coming for my truck in a few hours) and have it here Monday or Tuesday. Any thoughts? HHM are you out there?
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