Posted by admin on 1 Jul 2008 1:43 am. Filed under Personal Finance.
paco asked:
I call the bank because my check card didnt work in the atm. So they told “My checking account that they will foreclosure but not on my saving account?” Why is that?
6 Comments to “How bad will a foreclosure in my checking, do it hurt my credit?”
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Xavier said:
On July 1st, 2008 at 12:19 pm
i believe a court has placed a lien on your checking account. Did you miss a court date?
call an attorney
mblastguy said:
On July 3rd, 2008 at 7:53 pm
You probably over drew that checking account too many times or by too large an amount. Don’t you know not to spend money you don’t have?
butterfliesRfree said:
On July 6th, 2008 at 10:51 pm
You can have your house foreclosed on but you don’t get an account foreclosed on. What do you mean? Did you overdraft too many times or something?
~playnice~ said:
On July 9th, 2008 at 3:18 pm
my brother had his checking account charged off because of bad checks…they told him that leaves the worse credit rating possible…you can’t open another checking account til you pay the debt to the bank…he still has his savings account…your account will be sent to collections…they will attempt to collect payment from you to correct the matter…good luck
Sharon F said:
On July 11th, 2008 at 8:02 pm
that means you have overdrawn on your account excessively
you need to find out if you can apply for a line of credit on your checking account
if your account isn’t cleared up it will be reported to the Chexsystem and this will prevent you from opening an account at other banks until its paid
foreclosurefish_com said:
On July 15th, 2008 at 12:07 am
You can’t get a checking out foreclosed on, foreclosure is the legal process of a bank selling a property to pay for a mortgage that has been defaulted.
The bank can close your bank account if there is some reason. If you bounce too many checks, or have your account seized by a creditor, then you will limited access to the account.
You should call the bank and find out what they mean by foreclosure, or specify if your house is also in foreclosure. If your bank account and mortgage are with the same company, then that may complicate things. But it’s not clear what you really mean.
On July 1st, 2008 at 12:19 pm
i believe a court has placed a lien on your checking account. Did you miss a court date?
call an attorney
On July 3rd, 2008 at 7:53 pm
You probably over drew that checking account too many times or by too large an amount. Don’t you know not to spend money you don’t have?
On July 6th, 2008 at 10:51 pm
You can have your house foreclosed on but you don’t get an account foreclosed on. What do you mean? Did you overdraft too many times or something?
On July 9th, 2008 at 3:18 pm
my brother had his checking account charged off because of bad checks…they told him that leaves the worse credit rating possible…you can’t open another checking account til you pay the debt to the bank…he still has his savings account…your account will be sent to collections…they will attempt to collect payment from you to correct the matter…good luck
On July 11th, 2008 at 8:02 pm
that means you have overdrawn on your account excessively
you need to find out if you can apply for a line of credit on your checking account
if your account isn’t cleared up it will be reported to the Chexsystem and this will prevent you from opening an account at other banks until its paid
On July 15th, 2008 at 12:07 am
You can’t get a checking out foreclosed on, foreclosure is the legal process of a bank selling a property to pay for a mortgage that has been defaulted.
The bank can close your bank account if there is some reason. If you bounce too many checks, or have your account seized by a creditor, then you will limited access to the account.
You should call the bank and find out what they mean by foreclosure, or specify if your house is also in foreclosure. If your bank account and mortgage are with the same company, then that may complicate things. But it’s not clear what you really mean.
Good luck.
ForeclosureFish