Can a credit union report a debt from a checking account? I had a checking account that was overdrawn with overdraft. The account sat for quite some time. The credit union then closed my checking account, and transferred the negative balance to my share account. About 6 months later, they started reporting it as unpaid, charged off. I was never notified it was transferred from my checking until it happened, and never received any mailings about the account. I was also under the impression that checking/savings account could not be reported to the credit reports. Is it legal for this credit union to report this, and if not, what law would it be that says they cannot?
THanks
