If your payments are on time can they repo your truck just because a separate checking account is in default?

Usually because it is costing the bank more to service the account than they are earning on the money deposited * Savings account with a low balance or too many transactions. * Checking account frequently overdrawn. * Loan with late payments (but they want this one paid off and then closed).

No a minor can't have a debit card because in order to have a debit card, he/she has to have a valid checking account. How can a minor have a checking account when banks don't let you open a checking account until you are 18?

A checking account is called a "demand deposit" because it is available for transfer to another individual or company by writing a check or draft.

A Checking account is also called a demand deposit , because the money can be withdrawn at any time - that is ," on demand. This is right out the book this is right.

no, because that would be bad.

Not usually. Unless it includes NSF charges. It may affect the terms and charges though, for period of time. Actually, I was turned down for a checking account at Bank of America because my credit was poor, so that is not true. It can effect you getting a checking account. It just depends where. I have to go to a credit union to get an account.

You should carefully study your options, because a wise choice can save you money.

There are banks that will help you regarless of your credit history. If you have been reported to chexsystems, your name remains on file for 5 years but there are also banks that do not use chexsystems

There are several reasons. First, the executor is required to collect all assets of the decedent quicjkly and this usually entails liquidating existing bank accounts and securities, which must be put into an estate account. Commonly, an estate checking account and an estate savings account are opened depending on the amount of money involved. Second, an estate account is needed, because as of the date of death, the decedent's accounts are probably frozen depending on…

It could be blocked or "frozen because you owe a creditor money.

The balance of payments accounts cannot be in surplus because there is always a balance in economics. For example, if you used cash assets to purchase equipment, the equipment account will increase but the cash assets account will decrease.

If you typed in a backup email account, click on the "Can't access your account?" button and follow the instructions of most likely, checking your backup account and them sending you your password. If you don't have a backup email account, you follow the same steps as if you do but instead of checking your backup (because you don't have one) then you answer your security question and type in whatever you want your new…

Yes they can because it was done to me and i live in Far Rockaway New York

Pretty Simple, here goes, - 1. Money you have in checking account is yours, money in a credit card is the bank's which they allow you to use. 2.If you use a credit card there's a very good chance you miss a payment and everything goes downhill from there...no such thing with a checking account. 3. Basically you can use the the money in a checking account without any equivocations because you earned it, Money…

Because it provides easy access to statements, payments, and mobile alerts

When you pay someone by check that person brings the check to the bank. The bank gives him the money from your checking account and then stamps the check as paid. The check is then called a "cancelled" check. The bank will send you the cancelled check (or a pictue of it) which you will want to keep because it is your proof that you paid the person. It will also help you keep up…

Debit the account that is receiving the cash and credit the account that the cash is coming from. Because debits always equal credits, every transaction (including a deposit) must have equal debits and credits. For example, if you are depositing $100 received for a sale, debit the checking account and credit the revenues or sales account. If you are depositing $100 that was received from a customer to pay off an accounts receivable, then debit…

Closing an account may help your overall FICO score, but only because your available debt would decrease. The late payments stay on your record regardless if the account is open or closed.

Most eBay users use Paypal to pay for their auction items. Set up an account at paypal.com and you can link your bank account and have payments be directly deposited into your account (after a small paypal fee). You can also request that buyers send you a check, cashier's check or money order. Do not ask for cash. I recommend using Paypal for your payments because buyers find it much easier and you will have…

That is dependent on the individual state, and whether an adjustment was made to the overall payments to account for this. In California they would not stop because the payments are adjusted downward to account for time spent in the care of the obligor parent, but in Missouri, after 30 days child support enforcement can be notified, who will confirm and adjust payments. In most state, they do not stop without a court order. see…

if its deferred because you are in school... then you arent being denied credit because of it. if you dropped out of school then you have to begin payments immediately... if not then you default... which will get you denials. if you are deferred because you are in school... then it actually helps your credit because its an open account that's current.

Yes. If you have the correct information. Usually username, password, sitekey, and know the security answers if asked, you could access a checking account that you do not have access to. Which is why you should never share passwords, because a simple password for another site is often used universally for an individual, often including their online bank accounts.

Yes you can. It would be limited because when you use your debit card it checks for your balance in the checking account. If you you have it linked to your saving or to a credit card than it will reduce your savings account first and then charge the credit card.

I don't know if this helps anyone or not but I know that I have a friend who had went to court several months ago over a dr bill. The judgment was set for her to pay so much a month. She missed a payment and then all of a sudden she started getting bounced check notifications in the mail. when she called to find out what was going on because she and her husband…

First, be of legal age or you will need to take a parent or guardian with you. To start a checking account in most places, locate a bank you want to bank at. You should check around because various banks have different regulations and benefits. I.e., some banks have 'free checking' while others charge a fee for not keeping a 'minimum' balance,or they may charge various service fees. After shopping around, walk in the bank…

Generally, you do not owe money to PayPal. If you should find that you do owe money to them because you have been subject to a "chargeback", for example, you can upload funds from your bank/checking account to your PayPal account, and so clear the balance.

Yes most definitely its like any other loan if it doesnt get paid by and means it affects the signer and co-signers credit rating

Answer To whomever posted this question, please e-mail me. I have a similar issue with Bank of America and am currently doing some research. Contact me and we can possibly discuss. MMonterio@comcast.net The answer to this question is YES, to anyone out there that has credit cards at bank of america, and also have checking accounts there that have balances, at a certain point in default, they can and WILL take money out of your…

There are situations where this is possible. The one that stands out is this: Your car was stolen. You stopped making payments on it thinking, "I don't have it anymore, so I don't need to pay for it." You turned in the report to the insurance company and they paid out, but you did not pay the lender off. Or, you did not have insurance or failed to turn in the claim, so received no…

What is on your credit report has no bearing on opening a bank account. What is important is any reporting on Telecheck which would show whether or not you have any fees owed to a banking institution or owe a merchant any because because you had written any checks that has not cleared.

A checking account has nothing to do with a bankruptcy unless the bank you are going to deal with does a credit check on you and uses this information to Approve/Disapprove you based on that info. If you are turned down by a bank try another, some bank in your area will give you a Checking Account I'm sure. Good luck getting a checking account. I filed chapter 7 and was discharged over a year…

Checking accounts are levied by means of a court ordered judgment. Most bank account levies are good for a period of thirty days and then must be renewed through the court. In some states the levy depending upon what it is for can remain on the account until the amount of the judgment has been collected. The holder of the account cannot have the levy removed without filing a petition with the court where the…

No. Only the person who signed the contractual agreement (in some cases, just activated the card) can hold the account. If another person wants to make payments on the account, that is perfectly acceptable.

I suggest contacting someone from Turbine (the makers of LOTRO). You can submit a ticket via the Lord of the Rings Online (LOTRO) website. Hope this helps, ~Darkeflare

If you have an adult to sign with you, any kind you want. You have to be 18 to open an account without an adult. As long as you have some money, because usually (although not always) you have to keep a small minimum balance in a checking account. But you can buy any kind of service a bank offers as far as I know.

The reasons people overdraft their account vary depending on their situation. Mostly, it is because they need to purchase something that they do not have the funds available for. When they use their debit card to make the purchase, the bank will pay the charges and the consumer will incur a fee for the convenience of overdrafting their checking account.

No, the only thing that would affect their credit is the joint account, so just make all the payments on time.

There is no single answer to this question because every bank, for each type of account that it offers, will set a different cash withdrawal limit for each customer depending upon his or her previous track record and current credit rating.

Consistent payments will raise your FICO faster than payoffs. Banks don't like it when you pay off the ballances in full because they are not making any money when you do that. Folks that pay off their credit cards every month are essentially getting a free 30-day float, which does not help their FICO as much as maintaining a balance and making payments on it. The previous answer applies to making payments on a positive…

no, because they are not payments for currently produced goods or services.

Depends on how often you are going to be sending money to other places by mail. Sending a check is usually easier, because you don't have to go to the bank/post office/Western Union office to buy the money order, you can simply write it out when you need it. And money orders cost money, though checks do as well. With a checking account, you can usually have your pay check deposited directly into the bank…

Because they are powerful, reliable, aesthetically stylish and moderately easy to use for most tasks that most people want to accomplish... and you have a big wad of cash burning a hole in your checking account! :)

A current account; a bank account from which money can easily be transferred, by check(US)/cheque(UK) or other means. A transactional account (North America: checking account or chequing account, United Kingdom and some other countries: current account or cheque account) is a deposit account held at a bank or other financial institution, for the purpose of securely and quickly providing frequent access to funds on demand, through a variety of different channels. Because money is available…

No you don't. You can open a green dot card or a walmart money card which are debit cards that do not link to a checking account. You just go to a local green dot or walmart location to add as much money as you please to the card. You can even have your pay check directly deposited. I personally like these cards because you don't receive any insufficient funds charges if you don't have…

If you're referring to a bank overdraft, any age really. An overdraft is just when you've spent more than you have in your account. Different banks have different policies. Some allow you to tie your (presumably) checking account to a savings account, and provided that you have funds in the savings account, they will automatically move money over for you (for a fee of course). If you are over 18 and eligible, you can also…

obliviously because they don't want to be together anymore :p Another Answer They Have a Single Bank Account This is a difficult question to ask. Have you ever known a couple that has been divorced? Now ask them if they had a joint or separate bank account. What I have found is that a couple that gets divorced usually has separate bank accounts. One person in the relationship is being more selfish than the other…

That's at the discretion of the party who won the lawsuit and had the judgment enforced. In general creditors are only open to a settlement/payment agreement before a lawsuit is undertaken.

If the incident happens because of the carelessness of the customer in protecting his logon id and password the bank is not responsible. If the incident happens due to some mistake in the bank system then it is liable.

A bank account can only be seized by the excution of a judgment writ by the court. The funds can usually be held for a maximum of thirty days, for a ruling to be made on the amount that can be taken. If the debt is paid in full, the account should be reactivated within a reasonable time, generally 2 business days. Unless the account could be used as an offset for monies owed the…

Propose to remove the co-signor and agree to bging the account current and keep it so. No quarantee but a good chance.