DAP Forums > DREAM Act > The Lounge

owe the bank money

#1
04-21-2011, 10:38 PM
Member
From Los Angeles
Joined in Mar 2009
70 posts
Noobstur
20 AP
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:
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.
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!
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#2
04-22-2011, 02:21 AM
Senior Member
Joined in Dec 2010
174 posts
CosmicNightmare
0 AP
As far as affecting your chances of getting status one day, It wont have a negative effect.

As far as getting credit or being allowed to open a bank account, getting loans, credit cards etc: You're pretty much fucked.
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#3
04-24-2011, 06:39 PM
Senior Member
Joined in May 2010
1,064 posts
eddy
0 AP
What did you do to get a negative balance?
__________________
“The best argument against democracy is a five minute conversation with the average voter.”
- Winston Churchill
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#4
04-24-2011, 10:05 PM
Senior Member
Joined in Jun 2010
592 posts
IceCreamPony
0 AP
Quote:
Originally Posted by eddy View Post
What did you do to get a negative balance?
He obviously went apeshit with his debit card at Walmart.
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#5
04-25-2011, 03:14 PM
Senior Member
From Minnesota
Joined in Nov 2009
5,983 posts
Demise's Avatar
Demise
0 AP
Quote:
Originally Posted by IceCreamPony View Post
He obviously went apeshit with his debit card at Walmart.
My bet is at costco.
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