I recently deposited a credit card access in my account and some of my bills were automatically withdrawn from the funds. A week or two later I was notified by the bank they had been returned, after contacting the credit card company, they informed me my balance credit limit had been reduced, so they were returned NSF. Now I owe the bank for this check. What do I do, I have tried to make payments, but it has been difficult. What is going to happen?
Your bank has a debt and wants to be paid. If you don't have the money or something convertible to cash, you should work out a payment arrangement with them. You may also speak with your other creditors about accepting lower payments. Consider first going to a nonprofit credit counseling service. They can help you make these arrangements and lenders often cooperate with them and may actually forgive a part of your debt.
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Your bank has a debt and wants to be paid. If you don't have the money or something convertible to cash, you should work out a payment arrangement with them. You may also speak with your other creditors about accepting lower payments. Consider first going to a nonprofit credit counseling service. They can help you make these arrangements and lenders often cooperate with them and may actually forgive a part of your debt.
