Complaint Review: SOFCU - North Bend Oregon
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- Author Confirmed
- SOFCU 3689 Broadway North Bend, Oregon U.S.A.
- Phone:
- Web:
- Category: Banks
SOFCU Sent to Collections for overdrawn account and arrested and charged with negotiating bad checks North Bend Oregon
*Consumer Comment: Your kidding right....
*Consumer Suggestion: YEA, STOP SPENDING
*Author of original report: SOFCU
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I had a checking and savings account with this credit union. I had overdraft protection where they would automatically transfer money from savings to checking to cover any overdrafts in the checking account.
We were out traveling and playing and spending way too much money. So somewhere in there the checking account became overdrawn and apparantely we continued to use the debit card, and apparently got deeper and deeper in the hole. And the overdraft protection wasnt transfering money to fix it.
We never got any calls or had any idea that the account was getting VERY overdrawn. We had money in another bank and available credit cards. So, we come home from a long vacation, paid cash for a new SUV and boat with the money I mentioned before that we had in a different bank.
By the time we sat down to figure out our regular household bills we find the checking account seriously overdrawn, and not much in the savings because we had used the ATM to withdrawl from savings at some point. When all was said and done we were now very overdrawn, they closed the checking account after using the remaining balance in savings to help cover some of the charges.
They have no explanation why the ovedraft protection wasnt working or why the debit card continued to work. I was then sent to collections, I agreed to pay in payments, and now I was just arrested on several counts negotiating bad check. If I would have figured it out in the beginning I could have transfered the funds myself from savings.
And I would not have used all the money we had saved in the other bank on an SUV or boat. I would have fixed my account. So I know it is my fault be cause I am an idiot and didnt keep track, but I assumed the overdraft protection was working, and that if my account was empty my card would stop working. So now that I have been arrested and charged I can only hope my lawyer can get it all straight. But I dont understand why the collection agency is still calling and threatening me when there is now a criminal case also. I must be an idiot but I didnt even know you could get put in jail for overdrafts. I just thought after i had an arrangment with the collection agency that as long as I paid them everything would be fine. Wow, I was very wrong, cuz I could get years in jail for owing the bank money.
Mhall5263
northbend, Oregon
U.S.A.
This report was posted on Ripoff Report on 08/24/2008 03:31 AM and is a permanent record located here: https://www.ripoffreport.com/reports/sofcu/north-bend-oregon-97459/sofcu-sent-to-collections-for-overdrawn-account-and-arrested-and-charged-with-negotiating-366269. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#3 Consumer Comment
Your kidding right....
AUTHOR: Robert - (U.S.A.)
SUBMITTED: Sunday, August 24, 2008
This reminds me of that old bumper sticker that says "How can I be broke I still have checks left"
You are in this situation because of your actions and your actions alone. You should have been keeping an eye on your accounts and not just going on a spending spree. Even people who have a habbit of overdrafts know at least approximatly how much they have. For you to overdraft by as much as it seems you had zero knowledge of your accounts. Even overdraft protection costs money(although only a fraction of an overdraft) and if you were spending that much you should have transfered the money into your checking account on your own. The excuse that the bank made an error is not going to help you in this case with the courts.
Another(bigger) problem for you is that you had enough money in other accounts to pay cash for an SUV and a Boat. But when you found out about this overdraft instead of paying them outright you made arrangements to pay them in payments.
The first thing you should have done is sell the SUV and/or Boat, even at a loss, to cover the amount. If doing this would not have covered the amount there is a lot more here than you are telling us. In fact this was probably your downfall. One thing collection agencies will do is a Title Search to see what assets you have(if they decide to sue). They probably found these two items that were purchased during this time and because of the circumstances had enough to have you charged with fraud.
The best advise is find a lawyer who does not laugh when you tell them story and follow the suggestions they give you.
Good Luck..You are going to need it.
#2 Consumer Suggestion
YEA, STOP SPENDING
AUTHOR: Cat - (U.S.A.)
SUBMITTED: Sunday, August 24, 2008
1. Are you serious? Stop spending money,
2. Check your account and keep a register,
3. It is AGAINST the law to do what you have done and
4. get a lawyer now and stop talking!
#1 Author of original report
SOFCU
AUTHOR: Mhall5263 - (U.S.A.)
SUBMITTED: Sunday, August 24, 2008
I hope somebody has some good suggestions
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