Good Day! I have a judgement on credit filed in 05/01 for $2327.00. I have not had a bank account since this judement was filed. I know that they can go after your bank accounts to satisfy the judgement. My question is, I would like to open a checking account, but don't know if I should as long as that judgement is out there unsatisfied. Any advise?? Thanks! ~W EQ = 466 TU = 459 EX = 480
Hmmm. How and will they find out about the account? Most creditors get a debtor's checking accounts from a check written to them. My advise would be to open the account at a bank that you have never done business with before. But one risk is that the bank will pull an inquiry, and if the judgment creditor pulls a report after the bank does, they will see the bank's inquiry, thus having an indication of what bank to pursue looking for an account that belongs to you. Applying at a bank that will not pull an inquiry lessens you chances of this happening.
The judgment holder has you summoned into court for a debtor's examination hearing. You are then required to answer any and all questions relating to your assets under oath. A good friend of mine in the legal profession offers the following suggestions: 1. Keep a minimum amount of money in your checking account at all times, i.e. deposit enough to pay current bills. 2. If you are summoned to a debtor's exam, (called an OEX in the judgment recovery business,) leave your cash, checkbook and credit cards at home. 3. Use common sense when answering the judgment holder's questions.
If you have an outstanding judgment,the safest way is to have a joint account with someone else (and their ss#) as primary.In most cases it should be a VERY trusted family member.
I was thinking that too. I thought about opening up a joint checking account with my dad. Anyway it's probably going to be hard for me to get an account on my own due to chexsystems record and the judgement is for overdrafts on a checking acount .
