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Q: Can the bank sell an overdraft to a debt recovery company?
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Can a bank sell your overdraft debt if they never notified you about the debt and your address never changed?

Yes, in many states a bank can sell your overdraft debt to a collector if they never notified you about the debt and your address never changed.


How is bank overdraft a liability?

It's an accounting expression that basically means a debt


Where can one go for debt recovery solutions?

There are many companies out there to help with debt recovery. The best thing to do is to look for a reputable company. One such company is Debt Recovery Solutions, LLC.


Can an overdraft become a debt?

Yes. As long as you don't use your overdraft facility and take money out of that account, it is fine. But, if you happen to withdraw money from the OD account, it becomes the money you owe the bank and you must repay the bank the money you took from your OD account. Therefore it becomes a debt you owe the bank.


What bank institutions offer debt recovery for cheap?

Finding cheap banking institutions that offer debt recovery depends on your size of debt: however, citi bank is normally a very cheap option for people in any amount of debt.


When was Moorcroft Debt Recovery established?

"Moorcroft Debt Recovery began trading in 1985 in Stockport, Cheshire. They are a debt recovery company that utilizes phone, mail, court and personal visits in attempt to recover debt."


In Mississippi can out of state income be garnished on a small debt owed to a bank in overdraft fees?

And the out of state income is from Alabama


What companies help with debt recovery?

National debt collection company, Collection agency, Rapid recovery solutions, National asset management are the companies that help with data recovery.


Why is bank overdraft in credit side of journal?

Because it's a form of debt. All debts are entered in the credit side of a journal.


What is the name of a bad debt recovery company in Halifax?

There is a bad debt recovery company in Halifax named "Ramsdens Solicitors". The company is located at 6 - 8 Harrison Road, Halifax and can be contacted by phone at 01422 330700.


Where can one find a Christian Debt Recovery company?

The Christian Credit Counseling Service is such a company. The website Christians in Recovery also provides resources for a variety of subjects, including debt recovery (under the "Issues" tab and "Money" subtab).


Is Moorcroft Debt Recovery a good company to use?

Moorcroft Debt Recovery is not worth the fees you pay for their services. Their employees do not have great customer service skills and they tend to be pushy, arrogant, and in general not helpful.