I am overdrawn in my checking account with Wells Fargo in the amount of $1,600 for about 30 days now. The bank has indicated that they may close the account and charge it off. My question is, if they do close the account and charge it off, can they still prosecute me as well after the account has been closed and charged off?
2007-10-05 17:49:26 · 8 answers · asked by x5 1 in Business & Finance ➔ Personal Finance
Of course they can. Charging it off simply means they're writing it off on their books. It is still a collection that you legally owe, and you are still in violation of the law for writing bad checks. Do the right thing and pay your debts.
2007-10-05 17:57:27 · answer #1 · answered by Anonymous · 3⤊ 0⤋
chances of opening a new checking account is, at best, extremely remote. Couple things with your situation: Chexsystems most likely has a report of your charge off. That in & of itself will keep you from getting an account. Honestly, its kind of hard to buy the fact that you need to open a new checking account in order to make good on another one that was charged off. It is actually quite the opposite. You need to make good on your old account in order for you to get a new account. Just like a credit card. If you had one charged off, why would I give you another one to do the same? The only way this will work out for you is to pay off the charged off account. Even after its paid, ChexSystems keeps the record of the charge off for 5 years. During that time, it will be at 100% the banks discretion if they let you have an account. Some will not even let you have a savings account. Some will let you do savings only. So you need to shop around to see who will let you in. Chances are you will also have ATM card or check card restrictions also. Good luck
2016-05-17 07:37:55 · answer #2 · answered by ? 3 · 0⤊ 0⤋
I don't see how they would charge it off so quickly. That means they are saying "forget about it". You can still get prosecuted even if they charge it off. But they will have to prove and I do mean PROVE that they gave you EVERY opportunity to pay it and believe me, that takes more than 30 days. Good luck. ps you can always call the local prosecutors office about these kinds of things and ask questions. Most have a 'bad check' division. They won't ask your name.
2007-10-05 17:52:54 · answer #3 · answered by Anonymous · 0⤊ 2⤋
Bad check writing laws vary from state to state. In California, you can be liable for the amount of the checks plus treble damages not to exceed $500.
2007-10-05 17:56:25 · answer #4 · answered by annazzz1966 6 · 0⤊ 0⤋
Of course.
2007-10-05 17:59:09 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Of course they can. You owe the money after all.
2007-10-05 17:58:27 · answer #6 · answered by Nelson_DeVon 7 · 1⤊ 0⤋
you might have a warrant out for your arrest. I'm pretty sure check fraud is a crime in most places.
2007-10-05 17:57:57 · answer #7 · answered by kvuo 4 · 1⤊ 0⤋
Nope absolutly not......
2007-10-05 17:51:54 · answer #8 · answered by Kush 4 · 0⤊ 5⤋