How Bad Would This Appear...

Andy77 · ‎03-18-2008

So, I got a debt consolidation loan from my CU...I paid one of my credit card companies, First Premere Bank with this check over the phone. At first the payment went through then it was returned.

Once I found out the check was returned, I FedEx'd them the check. My balance on this account is zero, but unless I provide a letter to First Premere saying the check was a valid one, they are going to close my account and state due to excessive returned checks...all thid due to one check by phone returned payment...

Would this look really bad, assuming I cannot get a letter from the CU to say the check was valid and made out on my behalf?

Message Edited by Andy77 on 03-18-2008 12:53 PM

Junejer · ‎03-20-2008

What a bunch of crap. That said, the CU should be able to provide you with that letter, if you provide the letter from First Premier. You really never want closed by credit grantor, as that will raise questions during an AR.