I arrived to the USA 1 year ago and I opened a checkings account with my passport # and ITIN # at Washinhton Mutual.
Ive been overdrawn for a month already for $1000 and I think that account is going to be closed. At this moment Im going through a very hard financial time and I cant pay the debt off.
I have just been given my new work permit and Social Security # and I got my first credit card from Bank of America.
so the question is: If I dont pay the WM debt, will that affect my new credit, inclusively if they dont have my ssn and dont know I have one ?
2007-11-26 08:30:54 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
So did I read that WM doesn't have your SS#? I'm certainly no expert, but if they don't get your SS#, I don't know how they could report you to any credit agencies.
2007-11-26 08:37:24 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you are 1000 overdrawn yes it will affect your credit it can also affect your work permit as using your ITIN number and passport number it will be reported to them for collection. Most likely after a month the account has been closed and you have been reported, and yes if reported they know you have one now. Sorry to say that is theft add the penalties and it is now at that amount Federal. Sorry to say but I think your work permit is about to be canceled and a warrant issued due to federal crime of grand theft. (the SSN number now makes it easier to track you)
2007-11-26 09:43:50 · answer #2 · answered by Pengy 7 · 0⤊ 0⤋
It depends if the credit issuer does a hard pull or a soft pull. Hard pulls will show on your credit report and will cost you a few points on your credit score, soft pulls don't show on your report and won't cost you any points. Some credit issuers factor in internal account history. Paypal (GEMB) will give increases to people that run constant balances just by clicking a button on their website. My Dad just got a $1,250 increase last month on his Paypal Mastercard because he has run a $300 balance for the last 8 months. Many people try to get increases on this card and can't because they aren't making GEMB any money. (Keep in mind that you have to pay your bills on time, regardless of how much of a balance you maintain.) Most GEMB credit cards (mostly store cards) work this way, but other credit issuers don't necessarily require you to run a constant balance in order to get a credit limit increase. One thing you may consider is if an increase will improve your credit utilization percentage. A lot of times a hard inquiry just to get $300 or $400 added to your current limit isn't worth the inquiry, but if that $300-$400 can help to lower your utilization percentage, your score can increase more than it would go down as a result of the hard inquiry. Sometimes it's better to get another card unless you have a short credit history or if you have a lot of recent accounts, but then again, an additional account on your reports could lower your average account age; therefore, lowering your score. IT DEPENDS (I hate when people give me that answer and provide no explanation.) As you may have noticed, there are a lot of things to consider and different ways of looking at things depending on the specifics of the situation.
2016-05-26 00:54:54 · answer #3 · answered by doris 3 · 0⤊ 0⤋
Eventually it will go to collections, and once it does that, they will find who you are through your passport # and Itin #. You had to give your passport # to USCIS before you got your SSN, so they are kind of linked together.
Wamu is really good with trying to help you pay off your debt. Go in there and talk to someone, if they dont help try a diff. wamu, eventually you will find someone who will help you either lower the amount, remove overdraft fee's,or make a payment plan.
Since your credit is new & clean, it will affect it negatively.
Why not pay off some of your WAMU debt with ur Bank of America credit card?
2007-11-26 09:02:15 · answer #4 · answered by øº°DK°ºø 2 · 1⤊ 0⤋
Yes it will effect your credit. The debt will eventually go to a collections agency (if it hasn't already) and the job of the collections agency to to find you and get back that money you owe. They'll match the account with a SIN via address, birth date etc and reflect it on your credit bureau. So my advice is pay it off, or at least get a low interest line of credit to pay it off.
2007-11-26 08:46:06 · answer #5 · answered by Janice 2 · 1⤊ 0⤋
Yes it will affect your credit. Pay it back. That's how it works.
2007-11-26 08:48:11 · answer #6 · answered by cassie 1 · 0⤊ 0⤋
They will match your ITIN# with your SSS # and they will report it to your credit...
2007-11-26 09:15:49 · answer #7 · answered by Amanda 3 · 0⤊ 0⤋