Denita Posted October 22, 2008 Report Share Posted October 22, 2008 Filed BK CH 7 last month. 341 in a couple of weeks. I have a 2nd mtg, car loan and cc w/ CU. Affirming the car loan (5% rate, no cross-collateralization, 18 months left till car pd in full). They are closing my account when I sign the reaff. I am surrendering the house so the CU is losing on the 2nd and the cc.So once I am discharged from the BK, would I be able to open an acct (checking, savings,) at another CU in the future? Do they have a list of people that caused losses with other CU's? Does anyone know about this kind of thing? Link to comment Share on other sites More sharing options...
jq26 Posted October 22, 2008 Report Share Posted October 22, 2008 While I don't know if CUs have a cheksystems type of system, I can tell you that I created losses to one CU, then after discharge opened up savings accounts and even secured loans at other local CUs within 12 months of discharge. I wouldn't be too concerned about it. Link to comment Share on other sites More sharing options...
Denita Posted October 22, 2008 Author Report Share Posted October 22, 2008 Thank you jq26! That is just the answer I was looking for! Link to comment Share on other sites More sharing options...
Methuss Posted October 22, 2008 Report Share Posted October 22, 2008 The only way they will know is either by running your credit report or if they are hosting their account database at a larger credit union. Because CUs are not for profit, they tend to have very small IT departments and even smaller IT budgets. Many smaller CUs don't even have their own data center and instead host their database and applications at a larger CU. If this is the case, they may have some crossover checks with other hosted CUs at the same master data center.I hope you pulled your savings and cancelled any direct deposit before you filed BK so the CU can't grab your account balances through cross-collateralization. Link to comment Share on other sites More sharing options...
jq26 Posted October 22, 2008 Report Share Posted October 22, 2008 They did that to me....the first $200 of my savings was pledged as security. Many CUs do this as small added security. Link to comment Share on other sites More sharing options...
Denita Posted October 23, 2008 Author Report Share Posted October 23, 2008 My account only had a few $$$ really for the past year and I stopped auto drafts at the beginning of the year. This is one of the smaller CU's. Link to comment Share on other sites More sharing options...
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