Im scared..bank account way in the hole
Since you have a good bank, I would suggest that you talk to the
Since you have a good bank, I would suggest that you talk to the bank manager and try to set up a payment plan to clear up the negative. The bank might not let you close the account even till you clear up the negative. It is also important to avoid being reported to Chexsystem.
communication
Always communicate with the bank. Many times they are willing to help and more problems can be prevented
Submitted by Mary Adkins Matthews on Thu, 05/27/2010 - 19:46
Talk to your bank and work out a payment plan as you don't want
Talk to your bank and work out a payment plan as you don't want this damaging your credit. They will likely be willing to work with you if this is only your first time overdrafting. Until you're out of the whole, SAVE as much as possible and spend as LITTLE as possible b/c you don't want to keep putting yourself in more debt.
do you have any updates? communication is always key, it might b
do you have any updates? communication is always key, it might be to your advantage that you are a small time bank, but everything will work out in the end.
Consider yourself fortunate if they give you the option to pay i
Consider yourself fortunate if they give you the option to pay it back in increments. I would take advantage of that by consulting with your bank manager if I were you.