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Paid more than $600?

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Paid more than $600?

I am finally having my MOC this upcoming Monday and I'm ready to get it over with. One thing I don't understand and don't feel that my attorney has adequately answered is the question about paying any one creditor more than $600 in the past 90 days. Well, yeah, I was late on my car payment and scraped together $700 to keep it from being repossessed when my attorney was pussyfooting around with my filing and I had to get kids to school and myself to work, my rent is $1000, my daycare was $600 a month...I'm not sure how to truthfully answer this question because I don't exactly understand the question, but maybe I'm overthinking it. Not to mention that over a period of 60 (or 90, whatever) days, I'm sure I paid my utility companies at least $600, cable, car insurance, etc. I'm having a hard time with this, if anyone can please help me understand.
Filed: 8/7/2019
MOC: 9/9/2019
Rebuild Start: 8/19/2019
Discharged: TBD




Message 1 of 14
13 REPLIES 13
Senior Contributor

Re: Paid more than $600?

Utilities are neccesities to survive. The car payments so you can have transport for your job and getting the kids to school and such. Should be no problem. Are you keeping the car or turning it in?





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 2 of 14
Regular Contributor

Re: Paid more than $600?

While utilities, insurance and cable are expenses, they are not "creditors." A creditor is a company you carry debt with, like your credit cards, car loans, personal loans and mortgage. For your expenses, you are paying monthly for a service and wouldn't have to disclose that. The car payment, however, would be disclosed. There's no problem with that, however, because it's secured by the car. It isn't preferential treatment. Even if you paid credit cards though, it isn't necessarily a "problem." It just needs to be disclosed so they can consider it and make sure you weren't paying one creditor a bunch of money, while another creditor is going to get the shaft.
Message 3 of 14

Re: Paid more than $600?

I'm surrendering the car. I don't know why this question has thrown me for a loop.
Filed: 8/7/2019
MOC: 9/9/2019
Rebuild Start: 8/19/2019
Discharged: TBD




Message 4 of 14

Re: Paid more than $600?

Thank you. I was reviewing my bk paperwork and my attorney has given a list of sample questions to be prepared for. The question is worded as "have you paid any unsecured creditor more than $600" so I can understand that but I wasn't sure if my landlord would count as unsecured. I would hate for them to make him give back my rent but I think I get it now. Thank you both for your replies.
Filed: 8/7/2019
MOC: 9/9/2019
Rebuild Start: 8/19/2019
Discharged: TBD




Message 5 of 14
Regular Contributor

Re: Paid more than $600?

No, rent also doesn't count. His money is safe. An unsecured creditor would be credit cards, medical bills...only "debt." You may have a rental lease for 6 months or a year, but there isn't a "debt." You just pay for a month to live there. The exception to that is if you were really behind, owed him a bunch of money and listed him as a creditor. But the regular, monthly amount you pay, is safe
Message 6 of 14
Regular Contributor

Re: Paid more than $600?

And you're welcome Smiley Happy
Message 7 of 14

Re: Paid more than $600?

I really appreciate it!  I feel a little easier and less anxious about my MOC, now.  

Filed: 8/7/2019
MOC: 9/9/2019
Rebuild Start: 8/19/2019
Discharged: TBD




Message 8 of 14
Regular Contributor

Re: Paid more than $600?

Good, glad to hear. The MOC is actually pretty painless. 5 or 10 minutes and you're done. Most people don't have anything to worry about. Feel free to ask any more questions. We're happy to help.
Message 9 of 14
New Member

Re: Paid more than $600?

Quick question, and sorry to piggy back in this one..
Is that $600 total for 90 days.. if I paid 250 one month, and 250 for the 2nd 3rd, would that be considered more then the $600.. or is that just in one month during the 90 days I paid thev$600
Message 10 of 14
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