ok, so my account with Chase got terminated due to it being at a negative balance. I failed to pay the outstanding balance and my information has been sent to ChexSystems:
Quote:
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ChexSystems is an association of financial institutions that network together in order to develop a database that maintains the records of mutually unwanted customers. To make sure that only financially responsible individuals open up checking accounts at member institutions, these banks report on customers who demonstrate poor financial management skills. When a customer’s checking account is closed due to demonstrated mismanagement, then he or she is reported to Chex Systems. Once done, the customer will have a very difficult time opening up an account at any other financial institution partnered with Chex Systems for the next five years.
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I believe it's still not too late for me to pay. Do you guys suggest I pay asap? How can this affect my chances of becoming legal in the future.
Much thanks!