Posts by Steven Price11

Grace Diaz76 said:Additionally, the post was completely illegible.

Just because something is unreadable doesn't make it spam.
Perhaps you simply struggle with reading comprehension. Which part specifically was unclear? And why didn't you issue a warning first?

Emily Fowler52 said:The reason is you started a thread that’s been active for ages, asking something we’ve already answered countless times in the original discussion.
Before starting a new topic, you need to search the forums to see if the question has already been addressed.
Use the search function.
If you actually take the time to read the existing threads about moving to Germany on the Emigration board, you'll find everything you need there.
Imagine the chaos if every single person in the diaspora just opened a new thread for every question that already has an answer. We’d have millions of dead threads with zero or one response. It's useless and serves no one.

Emily Fowler52, I accept that explanation. I wasn't paying enough attention. My mistake.
However, I am not entertaining an endless debate with Grace Diaz76 (it's sitting in my inbox).
She seems convinced that everything qualifies as spam, including her interactions with me.
Surely I could have received a polite explanation and some guidance instead of being told I’m spamming both the forum and her personally? It was quite rude.

I started a thread in the diaspora section. The topic and my post vanished even though I didn't put them in a subforum, and now I've been flagged with a warning.
Why wasn't my question placed in a subforum?

Why on earth do you think they scammed you? They are under Federal Reserve supervision, so you're legally protected here.

Most of them operate through various financial institutions—think JPMorgan Chase, Wells Fargo, or even Citi. They gather all the paperwork and pass it along to the bank. If the bank turns you down, the intermediary rejects you too.
The only other option is a loan shark. There isn't a third.

quietpuma21 said:Let's try this approach: since I'm on a blacklist, JPMorgan Chase rejected my restructuring request, which means I can't set up monthly payments for collection $500 over the next two years. Does anyone have experience working with licensed credit bureaus? I'm lost on where to turn to settle this debt, and I'm wondering if anyone has dealt with these credit mediation services before.

Credit brokers are just middlemen; they should have signed agreements with major banks. They facilitate the process, but the banks hold the final say on approvals. If you can't get approved by a bank directly, and then somehow get approved through a broker, consider it a red flag and walk away.
And stay far away from anyone offering loans out of their own pocket rather than through established financial institutions.

Just sign everything they ask for and wire thousands of dollars via Gmail. Just don't come crying to the federal government later claiming they "didn't protect you."

And maybe try Googling the term "financial literacy."

Amanda Vaughn3 As requested:
If America adopts the Euro, we’re looking at becoming the next Greece, Cyprus, or Portugal.
Or perhaps a new Spain—the land of the Lidl clearance sale. 😁

It’s true. Every Mediterranean nation has already proven that in practice. I just don't understand why the Northern states haven't ended up in the exact same mess yet.

granitefalcon15 said:My account just got frozen due to a levy. I rely on regular social security benefits coming into this account. I actually went ahead and set up a protected account at my bank through the IRS back on April 4th, making sure to provide my SSN and the sender's info for those social assistance payments.
The social security funds hit my checking account on April 5th because the agency hadn't received the specific protected account number yet.
Then, on April 8th, the bank went ahead and handed over the entire amount of my protected funds to the creditor—even though my protected account was already active. Is there any way I can demand they reverse the transaction and return the money they weren't supposed to release? Since the protected account was already open, shouldn't those funds have been shielded?

Thanks

Regardless of whether the protected account was open, the bank is legally obligated to transfer any incoming funds from a frozen account to the creditor. Since six days have passed, the money has likely already landed in the creditor's account, making recovery nearly impossible. The creditor is the only one who can return the money, but don't expect them to; after all, it's their money now.

grba123 said:Our assumption is that the account is overdrawn $333. Consequently, the account is frozen until funds arrive. Let’s assume $500 hits that account, which is legally subject to garnishment. If $500 is deposited into an account that is currently in the red $333, the balance becomes positive $167. Following any standard legal or mathematical logic, those funds are now AVAILABLE and subject to seizure .

No, banks like JPMorgan Chase don't report available funds; they report the inflow amount, which is their obligation. If a MasterCard payment from $233 hits in the meantime, the bank will process it regardless of the overdraft, simply increasing the negative balance by that amount

redcrane22 said:Actually, that’s not quite how it works. Loans always come before any kind of foreclosure or seizure. I’m not sure where you heard that, but it’s definitely not the case.

Think of it this way: first, they try to collect on the loan itself, and only if there’s still an outstanding balance left over does it escalate into a formal legal seizure.

If you want to dig deeper into how these legal proceedings actually play out, check this out:

That is wrong. A legal seizure takes precedence over an administrative hold on a payroll account, unless that administrative hold has been notarized and carries the weight of a court order. If you just have a standard administrative hold on a loan, it won't be enforced if a court-ordered or notary-certified seizure is in place.

Ashley Mendoza6 said:Mickey, you really ought to have paid it; the whole situation is actually quite straightforward.
When someone passes away—may they rest in peace, truly—this is how the process works here in the States:

1) You’ll deal with an estate attorney or a public official who handles the probate process once you're notified. This involves you and anyone else legally entitled to inherit under American law.
2) They will lay everything out clearly for you. They’ll present a full breakdown of everything the deceased owned: all bank accounts, total debts, and a complete list of both personal property and real estate.
3) Once you see the full picture, you have two choices:
a) Accept the entire estate.
b) Renounce the inheritance entirely.

- If you accept, you take everything—the assets AND the debts.
- If you refuse, you walk away clean; you don't inherit anything, which means you aren't responsible for any of the debt either.

So, it really comes down to weighing your options. If there's a mountain of debt and almost no actual property, honestly, only a fool would accept the inheritance, right? 🤷

If you do decide to accept, it usually makes sense if the assets outweigh the debt. You take the legal paperwork from the probate court to the bank, close out the deceased person's accounts (obviously), and then work out a repayment plan with them to settle the remaining balance.

It's very simple. I hope this clears things up for everyone. I'm speaking from experience here—I lost my mother about five years ago, so I've walked this path before.

Take care,

I.

The reality is, you won't see the actual bank balances until you have the official probate decree in hand. Banks aren't going to grant anyone access to account details before then. That’s why it’s often impossible to know exactly which liabilities you’re inheriting during the initial proceedings.