"Bank Account Bad Credit" Discussion

Upsolve Community Member
Some people have better luck with credit unions and credit unions can have advantages over big banks, but if you're going to file bankruptcy that might not be your best option. The article https://upsolve.org/learn/credit-unions-and-bankruptcy/ explains more. 

Upsolve Community Member
I just saw this article: https://upsolve.org/learn/checking-account-for-bad-credit/. It has some interesting suggestions and I think you'll find it worth your time to read. 

Upsolve Community Member
Try US Bank

Upsolve Community Member
That's a great question! Upsolvers, what's worked well for you? Any resources that have helped you make your decision? 

Upsolve Community Member
Great article! FYI, Chime (fintech) has no issue --- in fact, they name a GREAT program, "Credit Builder" to address those who are just starting out or have been caught in a "Life" event that brought about a bankruptcy. 

Upsolve Community Member
Hi Crystal, This article will help you: https://upsolve.org/learn/do-not-remember-creditors-owed-chapter-seven-bankruptcy/

Upsolve Community Member
You need to pull your credit report. It is free to pull a weekly report right now due to covid, you won't see your score but you will get the info you need. You can pull all three reports. That will let you know who all your creditors are. 

Upsolve Community Member
Hi Crystal, Generally, a good first step is to get your https://upsolve.org/learn/get-your-free-credit-report/ from Experian, TransUnion, and Equifax. Upsolve has an article https://upsolve.org/learn/do-not-remember-creditors-owed-chapter-seven-bankruptcy/ that has some useful tips that will help you continue with the process. Let us know if you have any questions along the way and we'll do our best to help! 

Upsolve Community Member
Hi Crystal! Here is an article that should answer your question: https://upsolve.org/learn/do-not-remember-creditors-owed-chapter-seven-bankruptcy/. I hope this helps! :-)

Upsolve Community Member
Or the account numbers?

Upsolve Community Member
I'm going through emails using the filter tool because some loans were taken out online.  If the creditor put money directly in your bank account ask the bank if they can retrieve the source of those deposits. Also calling back some bill collectors in my recent calls list (but stay in charge of the conversation.  Get the info you may need and politely thank them and hang up)

Upsolve Community Member
Although retirement assets like 401ks are completely protected by exemptions, it's generally not recommended to take out the protected funds and turn them into unprotected cash in your bank account while the bankruptcy is pending. 

Upsolve Community Member
Hi Shaunder, the Upsolve article https://upsolve.org/learn/can-bankruptcy-take-your-401k-or-ira/ has more information on the protections during bankruptcy.

Upsolve Community Member
Thank you both for the feedback, I appreciate it, will check out the article. 

Upsolve Community Member
Hi Lynn, You may be a good fit for filing bankruptcy now, but that is for you to decide given your current financial situation. Here is an article to give you some guidance: https://upsolve.org/learn/should-i-file-for-chapter-7-bankruptcy/ Additionally, most people can keep their car and get debt relief by filing bankruptcy. Here is an Upsolve Article that covers this topic: https://upsolve.org/learn/can-keep-car-file-bankruptcy/

Upsolve Community Member
Lynn, thanks for asking! It sounds like you might find this resource helpful: https://upsolve.org/learn/debt-collection-lawsuit/ 

Upsolve Community Member
Please let us know if you have any other questions! 

Upsolve Community Member
Hi Lynn, I also recommend reading https://upsolve.org/learn/bank-account-garnished/. It discusses the limits on bank garnishments. 

Upsolve Community Member
I read the article on Bank account garnishment, however I’m not sure I understand it completely. It said it could garnish electronic deposits but not paper checks or cash deposits, Did I get that right?

Upsolve Community Member
Hm, it might be a bit more complicated than that- try reading that article again and this one might help too: https://upsolve.org/learn/stop-wage-garnishment/