Lots of ways...of course one of the most common is you provided it when you applied for credit....and other info (which if you lied on the application opens you up to fraud charges)....and of course, if you bounced a check on them, they have that, and probably copies of others you may have sent. A zillion other ways too.
If the debt collector is authorized to do a debit withdrawl then there is documentation that you signed authorizing same. If the documentation you signed with the debt collector does not match with the amount being withdrawled from your account, notify your bank immediatly of the fraudulent transactions. Take the documents to the bank. Do not prewarn the debt collector that you are doing this.
NEVER give your bank account information nor your employment information to debt collectors..
The loan collector can collect from any account that you have provided access to.
Sure - the operative word here is "debt collector" ... they can and will do anything within the law to make certain they are paid.
No, a debt collector cannot take funds without a garnishment order or court order. No one has access to your bank account but you. Sometimes, the bank account will be frozen before decision is made by the court.
In Colorado, creditors who have obtained a judgment against a debtor can levy a bank account. This means that the creditor can legally seize funds from the debtor's bank account to satisfy the debt. However, there are certain exemptions and limitations on what funds can be levied, such as those related to child support payments or public benefits. It is important for debtors to be aware of their rights and seek legal advice if facing a bank account levy.
No!
yes. i had it happen to me
i was sued by citi bank and the wanted me to agree on a judgment so that i can continue making payment.
The banks send your information to the major credit reporting agencies. In order to freeze your bank account the creditor must obtain a court order to collect on a debt from you. With that court order they can get your account information from the bank to process the freeze/collection.
yes.reason is that if the debt collector return the money in question, you can as well pay it back into your account.thank you
Only a court of law by issuance of a Order of Garnishment or Levy can freeze a bank account. Any credit card company or debt collector making such threats are breaking the law, and you're entitled to damanges for their actions. I would google "FDCPA attorney new jersey" and get paid! I have no respect for a collector or agency that breaks the laws and lies to debtors!