My Chapter 7 bankruptcy discharge paperwork arrived in the mail yesterday. At the time that I filed bankruptcy, I had (and still have) relationships with three credit unions.
The primary credit union I used for my banking (because they are the only one where I can access statement information online) is where I had my payroll check direct deposited, my personal vehicle financed, and a debit visa. My intent on filing bankruptcy was to keep my vehicle, even though I knew I was in a negative equity situation. Then, I realized that not only did I owe more than half what the car was worth, but it was out of warranty and all of a sudden major things were going wrong with it....brake system including ABS, air conditioning, etc... So, I voluntarily surrendered the car.
Up to that point, I had continued to use my debit visa. The debit portion of the card stopped working within a couple of weeks of filing bankruptcy. Being able to use the card to make deposits and withdrawals at ATMs stopped once I notified the credit union that I would be returning the vehicle to them.
Now that I've completed my bankruptcy, since they're still showing an outstanding balance on the car I surrendered (they sold it for less than half the loan value and are showing that as delinquent), I really don't want to approach them about reactivating my debit card. I'm keeping that account open however because I have child support direct deposited into the account and some payments come directly out of the account. Instead, I've been using an account at another credit union where I've continued to pay on the loan for my husband's car.
What are the possibilities for my getting a debit visa again soon or at least an atm card? I have to admit I was rather surprised that both were cancelled because you can't use them unless you have funds in your account.
The primary credit union I used for my banking (because they are the only one where I can access statement information online) is where I had my payroll check direct deposited, my personal vehicle financed, and a debit visa. My intent on filing bankruptcy was to keep my vehicle, even though I knew I was in a negative equity situation. Then, I realized that not only did I owe more than half what the car was worth, but it was out of warranty and all of a sudden major things were going wrong with it....brake system including ABS, air conditioning, etc... So, I voluntarily surrendered the car.
Up to that point, I had continued to use my debit visa. The debit portion of the card stopped working within a couple of weeks of filing bankruptcy. Being able to use the card to make deposits and withdrawals at ATMs stopped once I notified the credit union that I would be returning the vehicle to them.
Now that I've completed my bankruptcy, since they're still showing an outstanding balance on the car I surrendered (they sold it for less than half the loan value and are showing that as delinquent), I really don't want to approach them about reactivating my debit card. I'm keeping that account open however because I have child support direct deposited into the account and some payments come directly out of the account. Instead, I've been using an account at another credit union where I've continued to pay on the loan for my husband's car.
What are the possibilities for my getting a debit visa again soon or at least an atm card? I have to admit I was rather surprised that both were cancelled because you can't use them unless you have funds in your account.
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