BOFA has sent a trusty debt collection agency to me... I'm a minor! :/

Another thing, when I opened my BofA Checking/Savings account in December of 2007, I had signed on the account MYSELF. I did not cosign or anything with anyone. At that time, I was 16 years of age.

first things first--this is not a credit transaction. A credit transaction is when you apply for a line of credit, which is not the case when you are billed for fees like this. This is important because LTD has no legal right to pull your credit report, nor do they have the legal right to report this debt on it. As I know LTD, they will probably try to do just that.

Being a minor doesnt automatically remove responsibility from you, because this is not a credit transaction. If it were, then they would basically be up a creek because a minor cannot legally enter into a contract.

i would try to make arrangements.. i do not think your age has anything to do with this since it is a bank and you did incur the fees. i am not trying to sound harsh but i have been working since i was 15 years old, getting $150 together is really not impossible, i would try to make arrangements to pay it off.
i do not mean to sound out of line, and someone please correct me if i am wrong but i know that a lot, a lot of people do get into debt around college age and i guess i am trying to prevent others from doing that :)

From my understanding, an NSF fee is a penalty or a fine and like a traffic ticket, it is exempt from the minor defense.

Hi guest, thanks for your reply. Yes I am aware this is not a credit transaction. Minors are not allowed to apply for a line of credit, unless they have a co-signer I believe... But I doubt banks would even give a minor a credit card because their lack of credit history... I don't know... But aside from that, why wouldn't LTD have the legal right to do so? Please elaborate on what you said.

I also understand minors cannot legally enter into a contract, but they can rescind from one when in a contract... Hm.

Soaplady, I do not think the two are the same at all. I mean, a NSF comes from the legal agreement/contract with a bank and a traffic ticket fine is not a contract... Well I'm not sure how to describe that but I don't think there's a "contract" in a traffic ticket although you do have a legal obligation to do so when there is a traffic ticket in your hand. You can't blend contractual law with traffic law... Hm. I really don't know...

It is pretty obvious that minors are obligated to pay when they get a traffic ticket (e.g. seat belt, jaywalking). This is usually the parent/guardian's responsibility for the minor's act... But in this case, I'm a minor signing on my own behalf for this checking account... It's completely different. Liability is not on my parent's hand, but rather, it is in mine. I hope you understand what I am sayng here...

First of all, a bank is not going to do very much about $150 other than send you a few letters and maybe call a few times. Pretty soon they'll give up and report is to telecheck.

I have to make a few corrections:
Quote:

i just like to add that if you do get reported to telecheck, you will have a harder time opening a new bank account elsewhere, and this will stay on this report for many years. I have no idea about the minor situation, but if you are able to pay it or work out arrangements, perhaps you should to avoid being reported.

banks report to Chex system, not telecheck.

guest is correct, i am sorry :) what i was referring to is chex systems, i got reported when i was in my payday loan mess and it got reported to chex systems and luckily i found a bank that let me have an account but it is not always that easy.

No problem Bea. I always get confused between the two. There are some banks that are not check system banks, but they are few and far between

Difference between TeleCheck and TeleTrack. PDLs report to Teletrack. Some banks do report to Telecheck.

Hi guys, here's an update. Got a letter in the mail from LTD, and a call to my house.

I forgot to mention that the purchases made were already refunded to that account. What I mean is that the causes of the overdrafts were because of the charges, but the amount charged before the overdraft was already refunded but BofA left the overdraft fee there. I had it remove once before but I completely forgot about the overdraft, and by the time I did remember, it had already passed the period where BofA sent the debt to LTD.

So when they called, I opted to dispute the debt with them... So I really don't know what to write or do.

I dont know whether I should mention minority in age or something. Help would be great. Thanks!

As written in the letter, I have 30 days from today, August 12) to dispute the validity of the debt. And if anything, I still wont be 18 by then.

Go to your bank - in person. Speak with a manager. Bring evidence that the charge was wrong and overturned and *make sure* the bank overturned the wrongly charged O/L fee, and also gives you a notice *in writing* that it is not owed. Send a copy of that notice with a Cease & Desist letter to LTD.

Thanks for your reply. It's apparent already that BofA already closed the accounts. There's no way I can access the record of it. So it's evident that I don't have a way to show them that... Ugh...

Go to the bank in person.

When I logged onto BofA's website today, I saw that the account is no longer there. So yeahh. Hmm. A cease and desist letter would be the last resort of this case. I don't think legal action against them would be the probable solution as I don't have the necessary information for that.

I still don't think that going to the bank in person would help. What I want to take as my first attempt in the dispute is writing to LTD. Please let me know if I should or shouldn't do so. It would not be a letter of cease and desist, rather, it would be to explain the situation to LTD and perhaps they would be able to converse on it with BofA. Hmm.

Sure, why not.

Any tips on the composition of the letter and how my case should be stated?