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Can an unpaid overdraft on a checking account be sent to a collection agency and appear on your credit report?
Here is advice: * Banks have their own type of credit reporting systems called chexsyems. if the overdraft was over $200 most banks will not let you open another account for atleast 3 years. now as far as this overdraft showing up on your credit report that will not be a problem. You can read more on this if you type in chexsystems in a search engine. * Yes, if you have an overdraft from a bank account IT CAN go on your credit report. We just went through that from an error on the banks part on a check that bounced from someone else and overdrew my husbands account, we moved and didn't use the account and only found this out when we were buying a house and had to pay it off.
What else can I help you with?
What can a collection agency do if your checking account has been overdrafted and you haven't been able to make any payments?
First off, you never give a collection agency your banking or credit card info, they will wipe you clean, if you have done this, I would clear up the overdraft with the bank so they won't report you to Chex Systems and close the account and open another account at a new bank.
Can a collection agency continue to report a collection account to the credit bureau after the account is sold to another collection agency?
No, once a collection agency relinquishes their claim to the account by selling it they must remove all negative trade lines related to that account from your credit reports. Hope this helps ST
Can the collection agency freeze your bank acct in Fla?
No. A collection agency can not freeze your bank account. Only a judge could do that.
What does it mean when your credit report states that you have a paid closed collection account on you credit report?
The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.
Can a collection agency freeze your bank account in NC?
No, it is illegal for a collection agency to garnish or freeze your account for any reason. The only way your account can be garnishes is if you owe taxes or child support. If a collection agency threatens to do this, tell them that you are aware of the Credit Reporting Laws on this matter (there is legal ground for this matter).
What can a collection agency do if your checking account has been overdrafted and you haven't been able to make any payments?
First off, you never give a collection agency your banking or credit card info, they will wipe you clean, if you have done this, I would clear up the overdraft with the bank so they won't report you to Chex Systems and close the account and open another account at a new bank.
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 collection agency freeze checking account if you have survivor's benefits?
No, only if the survivor benefits are your only source of income they are non garnishable.
Can a collection agency continue to report a collection account to the credit bureau after the account is sold to another collection agency?
No, once a collection agency relinquishes their claim to the account by selling it they must remove all negative trade lines related to that account from your credit reports. Hope this helps ST
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.
Can a collection agency find out if you have a checking account if you dont tell them?
A collection agency (or pretty much anybody now a days) can check your credit records with all three bureaus. They will see your bank records on the credit record. You can check your own credit record to see if the bank record is there.
Can a collection agency issue a warrant for a payday loan check that went back?
If a Payday Loan company hires a collection agency to collect on your account they can send your account to an attorney to collect the amount of the loan and any NSF fees that you have accumulated. However, it is stated at the bottom of your contract that if you close your checking account that the loan is made from, that you can be charged with fraud.
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.
Can my account be sold to another collection agency?
Yes.
Can the collection agency freeze your bank acct in Fla?
No. A collection agency can not freeze your bank account. Only a judge could do that.
What does it mean when your credit report states that you have a paid closed collection account on you credit report?
The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.
How is it possible for a collection agency to freeze your checking account with out giving proper notice and how do you go about taking care of this matter?
Collection agencies do not normally have that power without a court order. You should go see a lawyer ASAP.
