Did you know: you can report charged-off negative balances to the Bureau for further collection efforts?
The CU*BASE automated charge-off tool allows you to remove savings and checking accounts (at a negative balance) from the books. But did you know you can also send a one-time record to the credit bureaus at the same time? It’s easy to do! Once activated, the reporting process uses the same charge-off screen (with additional fields to collect information needed for bureau reporting).