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Can the bank or collection agency take the money from your other checking accounts if you don't pay your credit card bill in a different bank?
Wiki User
∙ 16y ago
No answer... More details. I was looking for the answer to this exact question. Can they join different checking accounts (1 my presonal) & 2)personal business for taxes). ! better - I'm totally disable and my SSDI is what they are taking therefore I have lost over 14,000. Have not had my heart or blood pressure medicines due to VIEWPOINT BANK stealing my money. 3) I moved to another bank to gain control and when I called to make a payment of good faith while this disput be resolved - VIEWPOINT called the other bank CHASE and told them to hold my funds. Chase threatened to close my accounts. #!) Does a bank have to right to volunteer negative information to another bank in which there are no other connections?
#2) Chase informed me when I went to withdraw some money that I needed a letter from Viewpoint saying they can release my funds. They added that negative statement to my file and I was not notified that this was added. VIEWPOINT BANK & Chase Bank are in no ways partners or marketing buddies. Now --
Pleas someone... HELP me understand.My home was being foreclosed; my car is still up for reposession and I was receiving MMMMOOOORRRREEEE than enough to make my payments until VPoint BANK STOLE MY MONEY and left me disable and real broke... I'm not rereading this so, overlook the typos
Wiki User
∙ 16y ago
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What are derogatory accounts?
Accounts that are past due or collection agency accounts.
Why original creditors sale accounts to a collection agency?
Original creditors sale their accounts to collection agencies when the account has been past due and they have not effectively collected. At that time, the original creditor will charge off the balance from their accounts receivable and turn the account over to a collection agency. When the collection agency collects the debt, a portion of the amount received is paid the the collection agency and the remainder is returned to the original creditor as profit.
Can a creditor or debt collection agency access your business bank accounts for debt collection?
With a judgment and execution, the sheriff can. Without it no. But the collection agency can never legally access it. However, there are ways to do it illegally. Can the creditor do it... ? If you have a citizens acct and a debt with them, then yes, they can legally access whatever accounts you have with them. But a creditor can't just get access to you bank accounts. (I own a collection agency)
What is this no 1-800-278-7172?
A collection agency: Accounts Receivable Technologies
Where do you pay collection accounts that are reported on your credit report when the company is out of business or no longer handles the account that was reported for collection?
You pay the collection agency.
Can a collection agency or collector seize a checking account for a medical bill?
== == no they can not do so for a medical bill.
Can a collection agency put a levy on a joint checking account in Texas if the debt was your spouse's prior to your marriage?
In Texas, a collection agency can potentially levy a joint checking account, even if the debt was solely your spouse's prior to your marriage. Joint accounts are considered the assets of both account holders and are subject to collection efforts. It is advisable to consult with an attorney for specific legal advice regarding your situation.
Do third parties really buy old accounts?
Yes - It's called a collection agency
Can a collection agency freeze a bank account in Pennsylvania?
Collection agencies do not and cannot freeze accounts in any state. Only the courts can do this. However, if a lender has a valid judgment against you for a bad debt, any collection agency they hire to recover it can serve your bank with an order of garnishee and attach the assets in the accounts you have there.
Can a collection agency take nintey percent of the money in your joint checking account and savings account?
A collection agency can take 100% of the money in your joint banking accounts, regardless of who deposited it. If the debt is owed, and there are assets in the name of the debtor, those assets are in jeopardy. It is not easy to hide these even by trying to shelter them in an account with someone else's name. If the asset exists, it will be found in most cases, and a collection agency that locates it will take all they can the first time they hit it.
You were turned over to a collection agency by a hospital after they accepted three payments you are on disability?
Most hospitals farm out collection accounts after 90 days of nonpayment to outside collection agencies.
Do you have to pat a collection agency?
Assuming you mean "pay" instead of "pat," the answer is no. However, if the debt is yours - you can be sued for it. And if the collection agency wins, you can have your wages garnished or your checking account. Keep in mind that each state has a different statute of limitations (SOL) for debt, and collection agencies often try to collect on debt that is past the SOL. Once it is past the SOL, you cannot be sued for it.
