Glad to see you have your own board, Flyingifr. I have a situation I haven't been able to find any similar information about on all the various internet boards. Like many, I had a credit breakdown back in 2002. In total, about 7 accounts. All credit cards except a repo from Ford Credit. The credit card accounts have gone the usual route of being bought and sold by various of JDB's. Using knowledge from the Flyingifr method, I have confidently dealt with most of these on a routine basis. However, Ford Credit promptly sued me in early 2003, 6 months after the repossession. I did mount a successful defense on the amount that the car brought at the creditors auction, and got the repo defiecency reduced somewhat. Nevertheless, Ford got a judgment against me for $6800. Over the past 2 years or so I have heard little from anyone concerning this judgment. I have taken the steps to protect my income (military pension) by opening a dedicated account for these funds, that more less makes it impossible for a creditor to levy the account. I am not employed, and live in Illinois.
In checking my credit reports, I have seen regular pulls from a law firm named: Bowman, Heintz, Boscia & Vician. I figured they were a JDB associated with one of my credit card accounts. Today, I got a letter from this firm which reads just like a letter from a JDB, replete with mini-Miranda. They are collecting on behalf of the Ford judgment. It is basically a settlement offer of $4700, "To satisfy the judgment in the records of the court".
Does this mean they have researched my finances, and found the only way they are going to collect is thru JDB tactics?
How should I handle this?
I value your knowledge and insight. Thank you.