Hello, everyone. I have been heartened (and disheartened) from reading this board over the morning and yesterday evening. Very long story short: I have had unstable income in the past that led to... Poor credit choices. I have since moved away from my prior state of residence (Washington) and to Colorado where I am a full time student. (A time span of approximately 3-4 years) Being a student, I have no income, but by dumb luck fell into a situation where a family member gave me the equity they had in a home, to assume the note for it (On the level through a title company). My fiance` and I are both on the note for the home. Somewhere between insuring the home, our (crappy) cars, student loans or ordering credit reports before buying a home-- Collection agencies have come out of the woodwork to reach out and "touch" me. The part of this that I find the most concerning is the fact that most of the attempts at contact are from creditors that are not on any of my three credit reports... So, my question for the experts is: While my (guessing...) financial debt (minus student loans) is in the neighborhood of 5-10k (Not including a car that shows up as a paid account) How can I be sure that is ALL the collection activity for me? And how can I be sure that my (and my soon wife to be) home is secure from fiddling? Thanks.
Do you have any accounts that were "charged off" in the past? The unfamiliar creditors may be companies that have bought these old accounts. Because you show mortgage activity now on your CR's these companies watch for that, and assume that since you have money for house finances, that they will make themselves known so that you must pay them off or else risk trashing your credit scores
My credit scores are (certianly) the least of my concerns: What can a creditor do to seek judgement if I have no income?
They can drain your bank account, and put liens on any property / cars /boats you own. In addition the judgments are good for 10 or 20 years and are renewable so that if you ever do have any income, or acquire property they can enforce the judgment at a later time
