Hi! I'm preparing to file in the beginning of February, so I'm getting all of my ducks in a row. I have a question about how credit unions work, and I've read a lot of conflicting ideas about this issue. I'm hoping someone can help clarify it for me!
I have a car loan, 2 visas, and a line of credit (overdraft) at Educational Employees Credit Union. I also have a checking and savings account there. I've left only 10.00 in my checking account and 5.00 in my savings account at this institution.
I opened a checking and savings account at Golden1 Credit Union. My husband's paycheck is automatically deposited into this new account. We have no other accounts with this institution.
My question: I assume Educational Employees Credit Union will freeze our checking and savings when we file. Will Golden1 freeze our accounts? (Because if they will, I need to stop the automatic deposit of our paycheck, or we won't be able to survive during the bk process...)
Any help on this is appreciated! Thanks!
I have a car loan, 2 visas, and a line of credit (overdraft) at Educational Employees Credit Union. I also have a checking and savings account there. I've left only 10.00 in my checking account and 5.00 in my savings account at this institution.
I opened a checking and savings account at Golden1 Credit Union. My husband's paycheck is automatically deposited into this new account. We have no other accounts with this institution.
My question: I assume Educational Employees Credit Union will freeze our checking and savings when we file. Will Golden1 freeze our accounts? (Because if they will, I need to stop the automatic deposit of our paycheck, or we won't be able to survive during the bk process...)
Any help on this is appreciated! Thanks!
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