Re: Chargeoffs

Posted by LadynRed (199.91.33.254) on May 14, 2004 at 14:54:42:

In Reply to: Chargeoffs posted by Gerri on May 14, 2004 at 14:03:18:

Pardon me.. but are you nuts ?? Paying off discharged debts ???

Yes, you're allowed, its strictly voluntary, but it literally buys you NOTHING and it is NOT necessary. Your discharge relieved you of ALL liability for those debts - that's the purpose and meaning of the fresh start.

Yes, FUSA/B1 are ruthless and will refuse to report bankruptcies - in violation of the law. There are several Federal lawsuits against them right now for this exact thing. You likely won't succeed and paying the discharged debt is a worthless waste of your money.

You don't have to pay ANY of them - use the money for the things you NEED, not for paying discharged debts. That tactic will not help your scores I'm afraid.

Follow Ups:

Post a Followup