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If you have any problems with the registration process or your account login, please contact us. | Advanced Credit Repair - Dealing with Collection Agencies Discuss Brain dead in the CREDIT AND LEGAL ISSUES forums; Ok, my brain is tired and this is a good question for discussion.
How long can a bank account stay overdrawn? I think it is 30 days; correct me if ... 
07-04-2008, 02:02 AM
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#1 | | Administrator
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| Brain dead
Ok, my brain is tired and this is a good question for discussion.
How long can a bank account stay overdrawn? I think it is 30 days; correct me if I am wrong?
Also, where and what is the law regarding reporting after an account is past due 180 days?
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07-04-2008, 10:34 AM
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#2 | | If You Do Not Like It, Kiss My...
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| I think an overdraw is bank specific.
What law about reporting?
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07-04-2008, 11:20 AM
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#3 | | Administrator
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| Say for instance you have a credit card and you haven't made a payment in 6 months; the credtor must report after 180 days delinquent.
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07-04-2008, 03:26 PM
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| Charge off requirement for an overdrawn bank account appears to be 60 days according to FDIC. | |
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07-04-2008, 04:05 PM
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#6 | | Administrator
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| Quote:
Originally Posted by Pale Rider  Charge off requirement for an overdrawn bank account appears to be 60 days according to FDIC. | Is that in the link above? I will read it later this evening. My hands are full right now.
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07-15-2008, 09:25 AM
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#7 | | Member
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| Re: Brain dead
Quote:
Originally Posted by Pale Rider Charge off requirement for an overdrawn bank account appears to be 60 days according to FDIC. | I had a credit union charge off my account because my company missed my direct deposit check. It started on 11/30/07 and they charged off the account after they received my paycheck on 12/06/08. Where can I find out if this was done legally or not. i am being reported to chexsystems. However they reopened the account for me and I am in good standing with them. They refuse to take me out of the chexsystems. Can anything be done to them in a legal sense.
Ian | |
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07-19-2008, 03:32 AM
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#8 | | Administrator
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| Re: Brain dead
Quote:
Originally Posted by cprems I had a credit union charge off my account because my company missed my direct deposit check. It started on 11/30/07 and they charged off the account after they received my paycheck on 12/06/08. Where can I find out if this was done legally or not. i am being reported to chexsystems. However they reopened the account for me and I am in good standing with them. They refuse to take me out of the chexsystems. Can anything be done to them in a legal sense.
Ian | Did you dispute with Chexsystems?
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