------- overdraft fucked me.
12-29-2007, 09:41 PM
#12
0.0 BAR
Join Date: Dec 2005
Posts: 0
Re: ------- overdraft fucked me.
Originally Posted by Dr.Boost
No it doesn't. 
You can go negative every single month and as long as it's brought back up to positive before it goes to collections(takes a few months)it will NEVER go on your credit report. No matter how shitty you are at managing your bank account it will NEVER go on your credit report. Obviously your bank might not want to give you a loan of any kind if they see how you are with your checking account, but any other bank will have no idea.
My bank will ---- you in the *** if you go negative.
Let's say you write a $100 check, a $600 check, and you use your debit card to make 5 seperate $5 transactions at the gas station. You have $500 in your bank account. Instead of clearing the 5 seperate $5 transactions and the $100 check, they will bounce the $600 check putting you in the negative by $100. Then they will bounce all 6 of the other transactions. So instead of getting one single $33 NSF fee they nail you with 7 of them for a total of $231.
Banks are notorious for that ----. I learned to keep my account in the positive at all times. 
EDIT: I guess you were talking about not EVER paying it. Yes, that will ---- your credit up once it hits collections and even if you pay it off at that point it will still make your credit look like ----.
You can go negative every single month and as long as it's brought back up to positive before it goes to collections(takes a few months)it will NEVER go on your credit report. No matter how shitty you are at managing your bank account it will NEVER go on your credit report. Obviously your bank might not want to give you a loan of any kind if they see how you are with your checking account, but any other bank will have no idea.
My bank will ---- you in the *** if you go negative.
Let's say you write a $100 check, a $600 check, and you use your debit card to make 5 seperate $5 transactions at the gas station. You have $500 in your bank account. Instead of clearing the 5 seperate $5 transactions and the $100 check, they will bounce the $600 check putting you in the negative by $100. Then they will bounce all 6 of the other transactions. So instead of getting one single $33 NSF fee they nail you with 7 of them for a total of $231.
Banks are notorious for that ----. I learned to keep my account in the positive at all times. EDIT: I guess you were talking about not EVER paying it. Yes, that will ---- your credit up once it hits collections and even if you pay it off at that point it will still make your credit look like ----.
not only do the overdraft fees suck when you get them but my bank charges $1 a day for the first 5 days then they start charging you $5 a day after that so if you cant bring the account up to positive fast enough they ---- you in the ***.
12-29-2007, 09:54 PM
#13
1.5 BAR
Join Date: Nov 2005
Posts: 828
Re: ------- overdraft fucked me.
bank of america is real bad about that ---- too, i paid 1300 in fees once because it took longer for my check to "clear" than i thought and basically everytime i used the atm they charged me for the money i took out, an overdraft fee, then anouther overdraft fee because of the 1.50 atm fee, but thankfully there is a law that they can only jew you with like 5 or six overdraft fee's in one day.
12-29-2007, 10:03 PM
#15
3.0 BAR
Join Date: Oct 2005
Posts: 9,282
Re: ------- overdraft fucked me.
get a del cheapo credit card.. set it to be your over draft protection.. then rip up the card
and dont you it for anything else
bank goes negative it automatically pulls money off the card in 100 dollar increments to cover your ***
and doesnt cost ---- to do
and dont you it for anything else
bank goes negative it automatically pulls money off the card in 100 dollar increments to cover your ***
and doesnt cost ---- to do
12-29-2007, 10:59 PM
#16
3.0 BAR
Join Date: Sep 2003
Posts: 5,448
Re: ------- overdraft fucked me.
Originally Posted by buk9tp
get a del cheapo credit card.. set it to be your over draft protection.. then rip up the card
and dont you it for anything else
bank goes negative it automatically pulls money off the card in 100 dollar increments to cover your ***
and doesnt cost ---- to do
and dont you it for anything else
bank goes negative it automatically pulls money off the card in 100 dollar increments to cover your ***
and doesnt cost ---- to do
12-29-2007, 11:13 PM
#18
3.0 BAR
Join Date: Mar 2003
Posts: 21,479
Re: ------- overdraft fucked me.
Originally Posted by scottsi
keep everything in cash, ---- money in the bank
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12-30-2007, 12:38 AM
#20
3.0 BAR
Join Date: Sep 2003
Posts: 5,448
Re: ------- overdraft fucked me.
Originally Posted by buk9tp
that gives you 30 days to cover the overdraft interest free
stfu
stfu
20% spending cash, and 80% income thrown into the bank is my motto. then whenever i feel like it, dump the rest into a hpmma.
