I went out of town on business a few weeks ago, which is rare for me. Well, I did my expense report and submitted it. Well, I didn't know that I had never changed my direct deposit form for expense reports after I moved to my new bank.
I left my credit union in December just before I filed, because I owed them 15K in credit card card debt and 22K for a truck that I was surrendering. I also ended up with a negative balance in my checking due to fees they charged after I withdrew all of my cash.
I changed my direct deposit for payroll, but my company has a seperate form for expense reports (which I forgot).
My expense report last week was for $560. I was discharged on Monday and was curious if I could still log into my credit union, so I tried yesterday and lo & behold, I had a new account call "collections" with a balance of $560. at first it didn't register what it was, but when I clicked on the details, it showed direct deposit and my company name. My heart sank! I just knew I was going to have problems getting this money back, if it was even possible at all.
I took off work early and went to the credit union. I thought that technically if they tried to apply the cash to one of my accounts, it would be a violation of the automatic stay on collection activity, and since I was discharged on Monday that I was no longer responsible for the debt. But I was still worried that the CU would give me sh*t about it.
I talked with a customer service rep and she had to call the collections department and after a few minutes they gave me a note to take to a teller and they gave me all of the cash back.
I was shocked that it went that easy.
Anyway the moral of the story is make sure you have taken care of all of the possible ways that cash can be doposited into an account with one of your creditors. This could have turned into a big mess. And I really needed the money this week.
I left my credit union in December just before I filed, because I owed them 15K in credit card card debt and 22K for a truck that I was surrendering. I also ended up with a negative balance in my checking due to fees they charged after I withdrew all of my cash.
I changed my direct deposit for payroll, but my company has a seperate form for expense reports (which I forgot).
My expense report last week was for $560. I was discharged on Monday and was curious if I could still log into my credit union, so I tried yesterday and lo & behold, I had a new account call "collections" with a balance of $560. at first it didn't register what it was, but when I clicked on the details, it showed direct deposit and my company name. My heart sank! I just knew I was going to have problems getting this money back, if it was even possible at all.
I took off work early and went to the credit union. I thought that technically if they tried to apply the cash to one of my accounts, it would be a violation of the automatic stay on collection activity, and since I was discharged on Monday that I was no longer responsible for the debt. But I was still worried that the CU would give me sh*t about it.
I talked with a customer service rep and she had to call the collections department and after a few minutes they gave me a note to take to a teller and they gave me all of the cash back.
I was shocked that it went that easy.
Anyway the moral of the story is make sure you have taken care of all of the possible ways that cash can be doposited into an account with one of your creditors. This could have turned into a big mess. And I really needed the money this week.
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