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    Mortgage down payment

    This may be dumb question but

    I have been discharged from chap 7 for 3 years now.
    Is it safe to keep alot of money I'm getting as a gift for a down payment in my savings?
    The savings acct is with a bank that I had credit cards with ?
    I was told once bk was discharge I can keep money any where but I wanna be sure that this bank can't take it

    Thanks

    #2
    The bank cannot legally take your savings to pay off discharged credit card debt.
    LadyInTheRed is in the black!
    Filed Chap 13 April 2010. Discharged May 2015.
    $143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!

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      #3
      And that even includes the bank I had the card with?
      Thanks for the help

      Comment


        #4
        Originally posted by freshstart10 View Post
        And that even includes the bank I had the card with?
        Thanks for the help
        Yes.
        LadyInTheRed is in the black!
        Filed Chap 13 April 2010. Discharged May 2015.
        $143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!

        Comment


          #5
          Originally posted by freshstart10 View Post
          This may be dumb question but

          I have been discharged from chap 7 for 3 years now.
          Is it safe to keep alot of money I'm getting as a gift for a down payment in my savings?
          The savings acct is with a bank that I had credit cards with ?
          I was told once bk was discharge I can keep money any where but I wanna be sure that this bank can't take it

          Thanks
          Allybank, ING and a few others have the best interest rates around--not great but the best. Why not open a savings account and earn a little interest?

          Comment

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