0
How can you have a loan turn up in your bank account when you have not signed paper work?
Wiki User
∙ 11y ago
Possibly you have over-drawn your account, by writing a check for more money than you have, but if you have overdraft protection, the bank then issues an automatic loan to cover the check. Another possibility, which I think is less likely, is that the bank simply made an error, or that you are the victim of identity theft.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Can I get a loan if I don't have a bank account?
No. Even if you qualify for a loan by means of age or employment or income, the bank will ask you to first open a bank account before you are granted a loan. so, in order to get a loan you need a bank account.
How can you get a personal loan without a bank account?
You cannot. Banks usually expect an auto-debit instruction from a bank account for the monthly payments for the loan. That can happen only if you have a bank account and so you cannot get a personal loan without a bank account. Banks would ask you to open an account if you want a loan with them.
Where can you get a loan without a bank account?
no where !
Can a bank manager draw money from cc account without notice for loan?
I am not sure what you mean. A bank can not remove money from customers accounts except as detailed in the terms and conditions for having an account with the bank signed by the customer when opening the account or notified to the customer as a variation in terms and conditions.
Can your bank take money out of your personal savings account to cover a loan that was given to your business without permission?
Maybe so. Look at the account agreement for your savings account and the promissory note for your loan. Both documents probably provide for a Right of Setoff. That means that the Bank has the right to take money from your deposit account to cover a delinquent loan account. Whether the bank can setoff a business loan from a personal deposit depends on other factors such as the type of business organization, whether you signed a guaranty agreement, the name of the borrower compared to the name of the depositor.
What is the entry for bank loan account?
Debit Bank Account - Assets Credit Bank Loan Account - Liability
Can I get a loan if I don't have a bank account?
No. Even if you qualify for a loan by means of age or employment or income, the bank will ask you to first open a bank account before you are granted a loan. so, in order to get a loan you need a bank account.
How can you get a personal loan without a bank account?
You cannot. Banks usually expect an auto-debit instruction from a bank account for the monthly payments for the loan. That can happen only if you have a bank account and so you cannot get a personal loan without a bank account. Banks would ask you to open an account if you want a loan with them.
If my dad and i hada joint bank account and he died am i responsible for the debt?
The survivors of a decedent are not responsible for his debts unless they co-signed a loan with him. So no, you are not responsible simply because you had a joint bank account.
Can a creditor or collection agency access another family member's bank account for debt collection?
Well in Canada they cannot, unless it is a joint bank account or the family member co-signed for the loan.
Where can you get a loan without a bank account?
no where !
Journal Entry for purchase of vechile on loan loan from finance co?
Bank account DR To Loan account
Can a bank manager draw money from cc account without notice for loan?
I am not sure what you mean. A bank can not remove money from customers accounts except as detailed in the terms and conditions for having an account with the bank signed by the customer when opening the account or notified to the customer as a variation in terms and conditions.
Is a car loan company allowed to repossess and put a hold on your bank account then over draft it in New York?
What did you sign? Do you have copies of all the paperwork you signed and that was ever associated with the loan?They repossessed the car, and then put a hold on your account? Generally an ACH (if that's the way it was done) has to have your signed authorization to do a withdrawal, which is why it's important to know what was signed.
Is a cosigner for a checking account liable for any loans the signer has with the same bank?
No, unless you so-signed on the loan you are not responsible for the loan. The only way you are affected is if someone uses your share of the money in the joint checking account to pay their personal loan, but legal responsibility does not fall on you...
Can your bank take money out of your personal savings account to cover a loan that was given to your business without permission?
Maybe so. Look at the account agreement for your savings account and the promissory note for your loan. Both documents probably provide for a Right of Setoff. That means that the Bank has the right to take money from your deposit account to cover a delinquent loan account. Whether the bank can setoff a business loan from a personal deposit depends on other factors such as the type of business organization, whether you signed a guaranty agreement, the name of the borrower compared to the name of the depositor.
When the bank gives adjustment on principal on a loan what account do you debit?
the loan
