After making huge improvements in my credit, buying a house, and obtaining a few good credit cards this year (Thanks to everyone here!) I had decided it was time to tackle the job of cleaning up my spouse’s credit. Hers is a mess. COs, judgments, collections, and lates on the rest. I figured this would give me something to do now that I’m gardening. I had planned to pull her reports and start cleaning things up in January.
Things are going to be getting a jump start! I looked at my bank statement & noticed a large chunk of money withdrawn. After calling the bank, I was informed that a court levy had been placed on our joint checking account. Now, my wife doesn’t work & hasn’t in several years (daughter with heath & developmental issues), so every penny of the money in that account was earned by me. The levy was for a default judgment for a credit card debt that was charged off before we married.
I’ve got work to do! When rebuilding my credit, I didn’t post here too much. I did more reading, but her credit issues are likely to be quite a bit harder to deal with than mine were. You will all be seeing me around a bit more often I think!
I spoke with the attorney who filed the motion to have the money siezed from the account. He was actually quite helpful, seemed understanding and agreed to resolve the issue with my bank account. From my understanding, if she is a co-signer on the account & I am the primary, they cannot sieze funds from the account unless the money is "hers". If I can proove that all of the deposits into the account are from my own funds, and not hers then It will be returned to my account. This is the case, but it's going to take a bit of running around to prove it since I've had several non- payroll deposits into that accocunt that I will need to get copies of.
In the mean time, I'm going tuse another account for bills & what not. She is not going to file for bankruptcy. a lot of the things on her report are quite old & nothing large enough to justyify a BK IMO.