Wanting to close a checking account and overdraft protection. how would that affect my score?
Hello everyone, I have a dilemma... When I first opened a Citibank EZ Checking account years ago, it was a very fee-free account. No minimum balance req, no monthly fees as long as you make two bill payments per month from your account. Well, over the last year this has changed, and my account is subject to monthly fee charge if average daily balance of $1500 is not met : ( I also have a small line of credit linked to this account. This used to be that we pay a small annual fee and it will cover for accidental overdrafts, and you will just pay the interest on whatever amount you overdrafted. This also changed over the last couple of years. Now, they charge you $10 every time you over draft, plus they automatically transfer a sum rounded to the $100s to your checking and charge APR over that amount instead of the amount you actually went overdraft, so even if your overdraft was only $2, you are still paying APR based on $100. I have been unhappy with this new policy for a while now and have been pondering about ending business with this bank. However, couple of circumstances concern me
Categories: General Credit Tags: account, Banking, checking, creditcards, minimum-balance, opinion, over-the-last, overdraft, picture, recently-bought, revolving
Should I add overdraft to checking account?
I have never had any overdraft attached to my account for the 4 years I have had it. I am thinking of adding it because I have moved my savings to a CU. I called to see what score was needed for the loc and while on the phone I ask if they could pull my credit to see what I qualify for. She told me that I was approved and could give it couple of days to decide if I wanted the account.
Categories: General Credit Tags: account, checking-account, Couple Of Days, Credit, feedback, loc, Love, members, only-reason, opinion, overdraft, Phone, reason, Savings, score
Navy Fed Personal Line of Credit – Does anybody have this?
Navy Fed solicited me for a CC (cashRewards) so I took the bite and applied. Still waiting for them to finish their reveiw. I am also thinking about getting a PLOC with them for about $5,000. I know this can be used as overdraft for Share Checking, but their website mentioned that it can also be used as a short term revolving loan. How does that work? Do you have to go to their website to request a draw on your line or do they send you a checkbook or tickets to use to draw your line, or do you have to visit a branch in person? I was thinking of using the PLOC for transactions that I want to quickly get off my credit card balances and pay over a longer term with the line of credit.
Categories: General Credit Tags: checkbook, Credit, credit card balances, credit-card, Line, navy fed, overdraft, personal line of credit, personal-credit, ploc, reveiw, revolving loan, their-website, took-the-bite, using-the-ploc
"Adverse" account reported by Transunion
Hi, I recently received a credit report from Transunion. They recorded one of my accounts as an "adverse" account that I was not expecting. The account was a LOC serving as overdraft for my Bank of America checking account. It had a balance on it when BofA decided to suspend the account last year because I was behind on my mortgage payment, even though was never late or behind on on paying this LOC account. I continued to make regular payments for the past several months, and recently paid it off completely. It seems to me that calling this account "adverse" is misleading, because I never missed a payment on it. Is this an error on the part of TransUnion that I can correct?
Categories: General Credit Tags: account, Accounts, bank of america, bank of america checking account, bofa, credit-report, late-or-behind, loc, make-regular, Mortgage, mortgage payment, overdraft, several-months, transunion, year-because
Unauthorised Overdraft Issue
Hello, My issue is that a bank account which i agreed to the terms and conditions when i was 16 by signing has now decided that because i am 18 they are going to start charging me Unauthorised Overdraft fees without signing anything and without any notification sinice i have been 18. Is it true that due to me being 16 when i signed the contract that i have a case for disputing this overdraft charge because i have not agreed to the terms and conditions verbally or in writen word since i have turned 18. Is it also the case that i can argue that the terms have not been reasonably presented to me and that the charge itself of £25 is infact too much for the service which they have provided
Categories: Mortgage Tags: account, account thanks, bank-account, banking, securities, Charge, contract, Hello, overdraft, overdraft fees, start-charging, terms, thanks for your time, TIME, unauthorised