Debts not reported on credit

[MrJenkins]

What is the name of your state (only U.S. law)? PA

So I am in the finishing touches off paying my old debts and becoming debt free. I have used my credit report to pay these off, but I am having some issues with debts not reported on my credit report.

Specifically, I had a bank account I overdrew about 7-8 years ago, National City which is now PNC. I went to the PNC bank to try and find out how much I owed cause I assumed that they bought the debt. However, I can't get any banker to actually give me an answer. I have no problem opening an account (not in chex system) and they say it shouldn't be an issue, but I don't want to be surprised and find myself in debt again after I worked so hard to get out of it.

Does anyone have any ideas on how I can settle this debt and move on because my work joined forces with PNC for payroll and I'd like to utilize their benefits.

 

[Antigone*]

What is the name of your state (only U.S. law)? PA

So I am in the finishing touches off paying my old debts and becoming debt free. I have used my credit report to pay these off, but I am having some issues with debts not reported on my credit report.

Specifically, I had a bank account I overdrew about 7-8 years ago, National City which is now PNC. I went to the PNC bank to try and find out how much I owed cause I assumed that they bought the debt. However, I can't get any banker to actually give me an answer. I have no problem opening an account (not in chex system) and they say it shouldn't be an issue, but I don't want to be surprised and find myself in debt again after I worked so hard to get out of it.

Does anyone have any ideas on how I can settle this debt and move on because my work joined forces with PNC for payroll and I'd like to utilize their benefits.

If this debt is 7-8 years old, why are you even worrying about it? Are you precluded from using the benefits because of the old debt?

 

[MrJenkins]

If this debt is 7-8 years old, why are you even worrying about it? Are you precluded from using the benefits because of the old debt?

No I am not, I was able to open the process just fine. My worry was that I'd have XXXX amount of dollars in my account and they do some type of offset due to it being the same bank without warning and put me in a bind.

I have had zero issues with opening bank accounts and I am not even sure they even pursued it. To be honest, I was young, dumb, in college and moving around a lot so I was very irresponsible. I was never sued and I have no judgement regarding this.

I just have been trying to cover my bases. Over the 1.5 years, I have cleared out over 10k in collections debt and raised my score 110 points, so I didn't want to do anything to stop that momentum. The only debt I have left is student loans in which I am paying on.

 

[Zigner]

Don't bank at PNC.

 

[MrJenkins]

Don't bank at PNC.

any specific reason?

 

[Zigner]

any specific reason?

So they can never exercise their right of setoff...

 

[Antigone*]

any specific reason?

Due to the right of setoff they may choose to exercise if they find the outstanding debt.

 

[MrJenkins]

Due to the right of setoff they may choose to exercise if they find the outstanding debt.

ok, will do. It just sucks that I am trying to pay the debt, but no one can tell me how at their bank so I can avoid right to off set, but I guess those be the ways and consequences.


thanks for your help anti and zigner

 

[Zigner]

ok, will do. It just sucks that I am trying to pay the debt, but no one can tell me how at their bank so I can avoid right to off set, but I guess those be the ways and consequences.


thanks for your help anti and zigner

Are they not telling you, or are they saying that you don't owe anything?

 

[Antigone*]

You could always keep the amount of the debt you owe in the account so that if they do setoff, the money is already there.

 

[MrJenkins]

Are they not telling you, or are they saying that you don't owe anything?

When I was speaking with the banking rep at the office, I explained my situation. They stated to try and open an account and see because if I was in Chex Systems, then I woudnt be able to open an account. After I passed their checks and was authorized to open an account because I am not in Chex Systems, I inquired further how to find out how to pay off the debt. The banking rep stated they did not know what to do and they couldn't direct me to anyone to find out. I called and spoke with their customer service and they had no clue how to find out about my debt with National City and how it would relate to PNC due to the merger. They are not saying I don't owe the money, they're not saying I do owe the money, they're just saying they have no clue how to find out and if it would ever be offset or not.

You could always keep the amount of the debt you owe in the account so that if they do setoff, the money is already there.

That is the main issue. Due the the age, I am not sure exactly how much it would be. I assume maybe a few hundred dollars (300), but I am not 100% sure. That is why I was trying to find out. I do live paycheck to paycheck at the moment, so I would have to save the amount over a few months in order to pay it off. That is what I had been doing with my other debts.

 

[Zigner]

Try the option to "Fill out a contact form" at https://www.pnc.com/webapp/sec/Solutions.do?siteArea=/pnccorp/PNC/Contact+Us

 

[MrJenkins]

Try the option to "Fill out a contact form" at https://www.pnc.com/webapp/sec/Solutions.do?siteArea=/pnccorp/PNC/Contact+Us

will do,

thanks and I will let you know the results

 

[MrJenkins]

will do,

thanks and I will let you know the results

well.. I got a response from a bank employee. Basically they said they cannot give me a figure I owe because they don't have any records. They stated once they bought National City debt/assets, it usually doesn't transfer.

She did state she cannot guarantee that I will not be charged, but I can't pay off something that doesn't show as me owing money in their system

 

[OHRoadwarrior]

Sooooo, open the account, leave in about $500 to cover the offset and pretend it is not there, when you live paycheck to paycheck. Open 2 accounts and put $500 in one, so it will be available if they do offset. This is not rocket science.