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What happens if a creditor fraudulently takes money from your bank account?
Wiki User
∙ 15y ago
Fraud is a criminal matter and you should call the police.
Of course, accusing someone of fraud when they didn't do so is a criminal offense itself....sure it's fraud...or just something you want to be as an excuse to not have to pay someone looking to get what you promised to pay them?
Of course, you understand, that if they really are a creditor...and you received a loan or such from them and promised to pay...especially if you said anything that wasn't absolutely true to convince them to do so (or maybe didn't actually expect to pay them exactly as you agreed in writing)...your the one committing fraud. It is very difficult for someone to get a bank to hand over your funds without providing a great deal of qualifying and authorizing information. Presuming the creditor obtained these documents and provided them, even if you can prove a mistake somewhere, as they were all acting in what would appear to be their authority and right, it is unlikely to be fraud on their part.
Wiki User
∙ 15y ago
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Can a creditor garnishment my bank account when all the money in it is Federal annuity?
yes, i creditor can garnish a bank account to $0 regardless of where the funds in the account came from
What is creditor account with debit balances?
A creditor is an entity that a company owes money to, such as debt to a bank or bondholders. If a creditor has a debit balance, it means that your company paid more than they owed. If there was a credit balance, you would owe money on that account.
Can you make payments to a creditor who froze your bank account?
Payments can be made from out of the frozen accounts simply by authorizing the bank to transfer the money in the frozen account directly to the creditor.
Can you sue a creditor for taking money out of your account without your consent?
You can't if you owe the creditors
Can a bank go into your checking account and take money out If I am overdue on credit card payments?
It depends. If:you have a monthly loan repayment agreement with the creditor wherein the creditor automatically deducts your monthly payments from your savings account oryou have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the creditor reg. the sameThen, the creditor can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the creditor cannot deduct any money from your account without intimating you.
Does a creditor have to have a court order for garnish a bank account?
In most cases, yes, a creditor needs a court order to garnish a bank account. The court order allows them to collect part of the debtor's wages or funds in a bank account to satisfy a debt. However, specific laws and regulations can vary by jurisdiction, so it's best to consult with a legal professional for advice tailored to your situation.
Can a credit card that you had in your personal name but a lien on your corporate business account?
yes. the creditor can put a lien on anything that may be counted as your assets. if your corporate business account is one of your assets, the creditor can try to recover their money from that account.
Can a creditor garnish wages and seize money from a bank account in Michigan?
A creditor can garnish wages or attach assets if they have obtained a judgment against the debtor.
Does a creditor who you owe money to have the right to seize your bank account in California if they bought out that bank?
yes
What happens to your money if you forfeit a deposit?
There will be no money in the account
Can a creditor take money from a bank account if money is social security and VA check?
Not without a judge or magistrate ruling in their favour.
Does the creditor have to get a court order each time they levy money out of an account once they took money out the first time?
It depends on the circumstance. If for the same account or debt then no, the creditor has the right to exercise said levy until restitution is made upon that debt. If there are multiple debts with the same creditor, each debt should carry its on legal action unless consolidated by court, or your personal agreement with the creditor.
