This is why I tell people: stop treating banks like friends. If you owe a bank or credit union money and you’re still using their checking account, they can legally take your deposits and apply them to charged-off debt — especially credit unions like Navy Federal. This happens more often than people realize, usually at the worst possible time. Protect your money by moving your deposits, separating accounts, and getting a strategy before you learn the hard way. #crediteducation #banking101 #navyf

New Year, new spending habits: debunking common credit card misconceptions