HELP!! Need advice Tried to close bank acct today

[weRN2deep]

In regards to my thread about auto debit pmt. from our cred union

http://www.bkforum.com/showthread.php?t=44185

My husband and I went into our credit union and tried to close our acct (had drained it to $2). THEY WOULD NOT LET US CLOSE! They said as long as we owe on the loan ($1,516 still owed) that I can't close my acct. what do we do?

CC pmt due to them tomorrow of $296 (we don't have)
Loan balance 1,516. Even if we scraped that up, it'd be after the CC is due (we could pay this in Oct with rent depo coming back).

I am stressing about this because I didn't realize it would go to Chexsystems. It's bad enough we'll have Bk in our past, but adding chexsys to the mix sucks.

Should we just blow it all off and let them close the acct? I had hoped to be the one to do that, but how can we?

[justbroke]

Credit Unions are tricky. Membership usually requires some sort of demand deposit account (DDA) -- such as a checking or savings account. If you have loans with them, a checking account, and automatic deposit, it can be interesting trying to get the checking account closed.

If the account does close and they put it in Chexsystems, so long as the "event" that caused it to go to Chexsystems predates the Bankruptcy... Chexsystems will remove the entry upon a letter and copy of your Notice of Bankruptcy! You would include the Credit Union (and hence, overdrafted account) as an unsecured debt in your Bankruptcy.

[weRN2deep]

If the account does close and they put it in Chexsystems, so long as the "event" that caused it to go to Chexsystems predates the Bankruptcy... Chexsystems will remove the entry upon a letter and copy of your Notice of Bankruptcy!

OMgosh I did not know that!! That is really good news, you made our day. Thanks so much for that information!! How does one contact Chexsystems? Is there a way to see what they have on you? (for future, not now)

We opened another checking, but I'm a little concerned about it as well, found out after that the bank is extremely conservative and I have a feeling if they randomly decide to check our credit to offer us something they might close the acct. We are thinking of opening a 2nd checking at another bank just as a safety net.

[justbroke]

OMgosh I did not know that!! That is really good news, you made our day. Thanks so much for that information!! How does one contact Chexsystems? Is there a way to see what they have on you? (for future, not now)

Just go to their website and you get one free report each year! They mail it to you.