 I overdrew my bank account, now its closed, and a collection agency is calling me? |
| A lady from a collection agency has been calling me regarding my overdrawn bank account. I talked with her & she compromised with me, and I was supposed to moneygram the money to her on monday. H... |
|
 Are minors responsible for a credit card in there name if recived when under 18 ? |
| I recently found out my daughter has 2 credit cards both in her name she was only 17 when she recieved them and they are not cosigned by me or any other adult, is she responsible or is the company at ... |
|
 Charge off from 1995, shouldn't that drop off my credit report by now? |
| I was 18, dumb and had a CC, enough said. I don't have enough to pay a settlement amount let alone payments. Please don't tell me what I already know about my choices. Just would like ... |
|
 Credit Card trouble............? |
| Got myself in a little over my head with the credit card thing....any suggestions on what to do to get out with out filing for bankruptcy????... |
|
 Question about Credit Rating? |
I have an account that I am getting ready to pay off, and found out that it is a revolving credit account.
After paying it off, will it negatively impact my credit rating by closing the ... |
|
 Trying to get approved for a 13000 boat loan? |
| I have two charge offs on my credit with a total of 3000 $. These items will be payed before applying for the new boat. I have a truck that was payed off and not late and I also have an active ... |
|
 What's bad about credit cards? |
What are monthly and annual fee? Do I have to pay those amounts every month and year despite paying my credit card transactions on time?
My sister wants me to apply to old navy credit card ... |
|
 How to you pay for things on ebay? |
| I really want to get something on ebay but I don't really understand the payment methods, if the seller allows payment to be money order does that come up as an option for payment method when ... |
|
 How can a person rebuild his/her credit? |
| See my dad awesome credit score like what did he say it was, like 847? Something like that, anyway, he had back surgery in 2004, and was out for awhile and jacked up is credit bad. So his credit is ... |
|
 What is a good credit card to start out with if you want to build your credit? |
| I have no credit and I am having a hard time getting approved becuase of it. Just wondering what kind of credit card I could get approved for that isnt ripping me off with fees.... |
|
 Where is a good site to apply for a credit card or get info on a credit card? |
| I have average credit, and need to transfer my credit over to another card since the apr is going up on mine. So I was wondering if anyone knew a good place.... |
|
 Credit cards: Are the card companies required to send a monthly statement? I only get one when I'm past due. |
| At least it seems like I have only been getting them if I don't make a payment, and I called today (15 Aug 06) and received a message that I didn't have a payment due. It would normally be ... |
|
 What is better on my credit score? |
| After i pay off a credit card, is it better on my credit score to keep the card open with a zero balance, or to just close it completely?... |
|
 Does parents credit affect their children's credit? |
| i am turning 18 years old and my parents credit has not been the best..and i was wondering if my credit will be affected? Also does overdrafting a checking account cause bad credit?... |
|
|  |
JAnonymous | Can a collection agency change the agreed amount? |
I've settled a debt I owed, the agent at the collection agency said that they will be debting my bank account for a certain amount for 4 months and that will suffice the amount I owe. However after four months, they sent me a letter saying I still have a balance, and they are going to continue debting my account. What should I do? |
 |
 
Angela B
 |
I do hope you are keeping Records of all this transaction. If you no longer owe them anything, Go to your bank and put a Stop on anymore Drafts from this company. |
|
Studly
|
Ahhhh....so many mistakes.
1) Never allow a collection agency to have direct access to your bank account.
2) Always get any agreement in writing.
At this point you can bet they will continue to take money out of your account, so you need to either block access or close the account.
With nothing in writing they will continue to post this to your credit report and will continue to hound you. Good luck. |
|
my16paws
|
It depends what documentation you have for the original agreement. Also in the letter do they explain what the additional amount is for ? Some collection agencies will make an agreement with your for the debt, but charge you for this service (nasty practice). If your original documentation with the agency shows the 4 payments of X Dollars over 4 months will settle the debt in full. Call your bank to have them stop automatic withdrawal from that company and write them a registered letter stating your position. |
|
stephenweinstein
 |
Notify, in writing, by certified mail, return receipt requested, both the collection agency and the bank that you only authorized debiting your account for 4 months and did not authorize any subsequent debits. If further debits occur, immediately send a letter to the bank disputing those debits as unauthorized. |
|
Jennifer
|
Hi,
I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://redirx.com/?0g4c |
|
Wylie Coyote
|
Did you get that in writing at the time? debit not debt. The agent's name? the date and time of the agreement? Do you want to pay all that you originally owed? If you agreed and have something to substantiate, send a copy to the collection agency and say, no. If they take more without authorization, they commit fraud. |
|
DaMan
|
Your only option is to contact your bank and issue a stop payment order. There is usually a bank processing fee for this service, however.
I want to be very clear on this matter. This is exactly why you are to never give a collection agency the permission to debit your checking account. Always write them a check or to be super safe, pay them by money order or cashier's check.
You should remain in control of your banking account at all times and giving a collection agency access to your banking account can come back to harm you.
If you have a written letter stating how much they will be debiting your checking account, you can present that to your bank as proof of the need for a stop payment. Maybe the bank will waive the fee.
Also, If you have a written agreement, you can also report the collection agency to the Federal Trade Commission. The collection agency could be in violation of Section 808 of the Fair Debt Collection Practices Act. See hyperlink below. |
|
purple121593
 |
change your bank account and transfer the money over to the new one and do not let them know about it. |
|
Jeffrey
|
Do you have anything in writing from them about your agreement? If so, send them a letter with the copy of what they sent you and tell them you owe them nothing else per your agreement. If they keep harassing you about it, take your information to an attorney and have him tell them back off.
If you don't have anything in writing from them, then you have nothing to use against them and they can come after you for the remaining balance. You shot yourself in the foot, legally speaking, by giving them your account information and not getting your agreement in writing.
About the only thing I can see is that you can go to your bank first thing on Monday and speak to them about blocking the collection agent from debiting your account. But you need to start seriously considering the possibility of them suing you for the remaining balance...and preparing yourself for it. |
|
Sgt Big Red
|
All I can say is "ditto" on what Studly has said, so many mistakes. Take his advice and learn from this.
This is why they are called "sleeze ball" collection agencies. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 16 minutes(s) ago
| | | |
10 | 33 minutes(s) ago
| | | |
10 | 2 hour(s) ago
| | | |
10 | 5 hour(s) ago
| | | |
10 | 7 hour(s) ago
| | | |
7 | 10 hour(s) ago
| | | |
10 | 1 day(s) ago
| | | |
10 | 5 day(s) ago
| | | |
9 | 6 day(s) ago
| | | |
9 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
