I owe the bank
Date: Sun, 07/26/2009 - 21:14
Yes, the closed accounts will be reported in your credit report
Yes, the closed accounts will be reported in your credit report as negative and will stay there for seven years and 180 days from the date of delinquency.
Quote:
i have a large sum of money ... will they close my account too |
No, this account will not be closed because because it is not a credit account. However, this account can be garnished to recover the debts which you still owe to the accounts that has been closed if the creditors bring judgment against you to do so.
Probably not. Most banks do not report closed accounts to the c
Probably not. Most banks do not report closed accounts to the credit bureaus...they simply report to chexsystems. However if they send it to collection agency, then the CA will report.
i agree, they will report to chexsystems, which, to me, is worse
i agree, they will report to chexsystems, which, to me, is worse than reporting to your credit report because it will make it hard to you to find a bank to open an new account in.
this happened to me because of NSF and payday loans :(
I agree with Soaplady. You will definately be reported to Chexsy
I agree with Soaplady. You will definately be reported to Chexsystems. The debt will most likely be reported to a collection agency. I would keep a close eye on the mail or call the banks to see where the debts have been sent to for collections.
I actually would try to make a payment plan, too - that has perv
I actually would try to make a payment plan, too - that has pervented me from being reported before (well, reported again). even if it is just $25 or so every payday, it really might help you out in the long run.