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debtfreein18 last won the day on February 26 2010

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  1. Hi! Haven't been here in a looong time. With this board's help I was able to fend off a bogus lawsuit on my husband's behalf, write a few letters and between that and running out the clock on a few things, his credit is now in the high 600's/low 700's. Now wer are turning our attention to our mortgage. Background is we bought in '05 for $186k and put 20% down. Post-melt down it's worth around $70k and we still owe around $130k. Interest rate is 5.75%. BoA has the loan (they got it when they bought Countrywide a few years ago). We have never been late, not even once. We have a great income ($1
  2. Never mind, the link I posted doesn't work anymore. Sorry!
  3. Oh I know there is no crystal ball (if there were we'd all be rich!) it's just I'm not sure which way to jump when the poop hits the fan. And it will, this market is WAY over heated, I can't for the life of me figure out why the Dow has had a 20% run since fall. I thought for sure Japan and then Lybia would knock it down a peg but it just keeps chuging along. My DH's 401k is much more heavily into stocks (but he has a much smaller amount compared to me as he started his 401k much later than I did) so with me 100% in a bond fund and DH 100% in a stock fund, I figure we're covered either way, p
  4. Since you all seem to know what you're talking about.... Most of my 401k is in a bond fund. Assuming the markets crator they way you say they will (I anticipate a pretty big drop but not as bad as you all seem to think) later this will bonds fair, do you think? My 401k investment options are limited, if everything is going to go to hell in a hand basket they way you say, and I have no other real safe harbor, should I just move the bulk of my nest egg to cash (we have a cash option in our 401k plan). And not to totally hijack the thread...I like the suggestion that the OP should o
  5. congrats! My husband also got a case dismissed w/out predjudice in IL and they never refiled, it's now SOL. Hopefully the same will happen with you!
  6. Here's a very helpful link about navigating small claims court in Cook County. Since your being sued for less than $10k it should be in small claims court. It discusses sueing someone else as well as being sued, so just keep reading, you'll get to stuff that applies to you eventually. Meanwhile there is no reason not to contact the law firm and see if you can work out a settlement. If you can't work out something you can afford, they can't use the fact that you offered to settle against you in court. I recommend contacting them by
  7. Unfortunetly, your divorce decree doesn't mean anything to Cap1 (or any other creditor). You'd have to pay them and then turn around and sue your ex for the money since he'd be in breech of the divorce agreement. I supose you might be able to sue him before you pay cap1 and if/when you win and get paid by ex, you could turn around and pay cap1 but I wouldn't hold my breath on that one. BK may be your best bet depending on other debts you may owe, your income, assets, etc. but only you can decide if that's what you want to do. If you do decide to file, stop paying on all debts that you'll be
  8. Good for you! If it is at all possible, I'd still shut that account down and open a new one at a new bank, just in case they change their minds and try to take it out again. If you decide to pay them at all (or any other CA/JDB), in the future either send a money order or open a checking account at a seperate bank than your usual bank and keep just enough money in the new account to pay your creditor, that way they can only take what you have in that account and can't touch the rest of your funds.
  9. Try contacting either of these IL firms, 1st consult is free, you can do it over the phone or by email. Depending on your situation, if they've committed violations that you could sue them for, they may take your case on contingency (they get paid if you sue CapOne and win). or
  10. Do we know of anyone that has successfully sued after NDA is violated (they verify the debt to the CRA)? Or does it seem to work so well that they just aren't stupid enough to fall into the trap?
  11. A friend of mine did her ch7 bk on her own, she also used a paralegal to help with the forms, but she did everything else herself. No assets, not even a car loan (owns a low value used car outright) just CC debt. It all turned out fine for her too. So it sounds like if a bk is going to be straight forward with little to no assets to protect, a thoughtful and thorough person can probably handle it on their own. I'm glad it worked out for you, OP. Long term unemployment mixed with medical bills, it's the rare person that can keep afloat with that one-two punch. Don't let the haters get ya do
  12. Yup! My boss's daughter sued the drug company that made a well know birth control drug that likely caused her to have a pulminary embolism (that she was VERY lucky to survive). She sued on her own and got tons more than the class action people will likely get, plus she already HAS her settlement, the class action people are still waiting, as far as I know. I say find the biggest meanest bad @ss lawyer you can and see if they'll take the case. If they do, screw the class action and do it on your own, you may end up with a lot more, a lot sooner.
  13. I've found that most of the letters I need to write to be actually quite short. Some of the sample letters you find for debt repair ramble on for several paragraphs or even several pages and 9 times out of 10, just one paragraph or even just a few sentences is all you need. And once you write the first letter, you can often just tweek a few things to send the same letter to a different OC/CA. Take a validation letter for instance. All you need is the CA's mailing address and whatever account number they gave you on the dunning letter, and then a brief "I dispute this debt and request validat
  14. Strictly speaking, probably not but I would just to play it safe. I believe they have 30 days to try and get the verification and without the green card you can't prove when they got your dispute (or if they got it at all). Unless you're so hard up for cash right now that you can't afford the $5 to send it CMRR, I'd go ahead and do so.
  15. ChexSystems Customer Relations 7805 Hudson Road, Suite 100 Woodbury, MN 55125 And this is how I worded my dispute: