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Can a negative balance of a checking account that was later charged off in a house at a credit union be reported on a credit report?
Wiki User
∙ 17y ago
Yes. You violated the terms of the financial agreement and as such are demonstrating your irresponsibility as a credit risk. That is the purpose of credit reports to a credit bureau. It exists to report your history as a credit-worthy individual.
Wiki User
∙ 17y ago
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What is the term used for a negative checking account balance?
"Overdrawn" is the common term used to describe a negative checking account balance.
Will having a negative balance in an unused checking account affect your credit rating?
No, having a negative balance in an unused checking account will not directly affect your credit rating. However, if you fail to pay off the negative balance and the account is sent to collections, that could potentially have a negative impact on your credit rating.
If several payday loans have caused a negative balance in your checking account can this be included on a chapter seven?
That happened to me and I included it in my chapter 7 but it made it difficult to open a new account. Open your new account now before you are reported to chexsystems.
Is checking your account an asset or a liabilities?
Checking your account can be considered an asset as it represents the funds you have available for use. However, it can also be seen as a liability if your account has a negative balance or if you owe money to the bank or other creditors.
Can you close a checking acc when you have a neg balance?
Can a checking account be closed when you have a neg balance
What is my balance?
what is my recent deposit and balance on checking account elcantante i need my saving account balance
Which type of checking account pays interest on the mean balance of the account during a particular cycle?
Average Balance account
Why is my checking account showing a large negative balance?
There could be several reasons for a large negative balance in your checking account. It could be due to overspending or insufficient funds to cover transactions, such as bounced checks or declined debit card charges. It's important to review your account activity and contact your bank to understand the specific cause and work on a solution.
With which type of account is a minimum balance fee associated?
Checking account
If you have a checking account with a negative balance for over six months what can the bank do?
If you have a checking account with a negative balance for over six months, the bank may charge additional fees, close the account, and report the delinquent account to credit bureaus. The bank may also pursue legal action to recover the funds owed, such as taking you to court or sending the debt to a collection agency. It's important to communicate with the bank to discuss repayment options and try to resolve the negative balance.
What amount of money in a checking or a savings account upon which interest is based?
The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.
Check your account balance by account number?
Yes it is account nmhkljuopl
