xplhavoc Posted October 28, 2010 Report Share Posted October 28, 2010 Just a heads up on some or most banks you can get a line of credit only to be mostly used for NSFs and checks. I think you can also barrow to. Good for a back up just in case all others fail! Link to comment Share on other sites More sharing options...
Loverde Posted January 20, 2011 Report Share Posted January 20, 2011 Banks will normally report charged off accounts to national CRAs which will have an even greater negative impact on the consumers ability to obtain any credit products. Link to comment Share on other sites More sharing options...
xplhavoc Posted January 21, 2011 Author Report Share Posted January 21, 2011 No what I am saying is you can get a Line Of Credit, from most banks to cover you in the event of a NSF, or check trying to go through without funds in them or just short of. Link to comment Share on other sites More sharing options...
Amerikaner83 Posted January 21, 2011 Report Share Posted January 21, 2011 It's called overdraft protection and it's been around quite awhile. It's not a specific loan usually... It's typically attaching a current credit card or savings account to the checking. In the event of an overdraft the amount of the overdraft gets pulled from the linked account. It's also bad- there are usually fees with it since we all know banks are for-profit entities. Also, it does zero good to the underlying problem of the person who does the over-drafting. It feeds the laziness of the habitual offender. Link to comment Share on other sites More sharing options...
xplhavoc Posted September 25, 2011 Author Report Share Posted September 25, 2011 Mine was a loan. They opened a loan with interest to cover.Like NFCU has but that's called a NAVCHECK.... Link to comment Share on other sites More sharing options...
Seadragon Posted September 25, 2011 Report Share Posted September 25, 2011 Banks will normally report charged off accounts to national CRAs which will have an even greater negative impact on the consumers ability to obtain any credit products.That is one way to make sure you don't go to a competing bank. so they can continue to profit from your paycheck. Link to comment Share on other sites More sharing options...
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