What can a bank do to a person who has a negative amount of $800 on the account and does not pay back?
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The bank can attempt to take legal action to collect the debt or can place the account with a collection agency or attorney for that purpose. It can also close the account and report the fact of the account closing and the $800 debt to credit bureaus, adversely affecting the individual's credit report and ability to open accounts at other banks.
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The bank can attempt to take legal action to collect the debt or can place the account with a collection agency or attorney for that purpose. It can also close the account and report the fact of the account closing and the $800 debt to credit bureaus, adversely affecting the individual's credit report and ability to open accounts at other banks.
