 You always see credit cards for people with bad credit, but what about if you have AWESOME credit? |
| We are constantly seeing credit cards and loans directed at people with no or bad credit. What about cards for people with an 800+ credit score? What cards are most attractive for people with good ... |
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 How can I build credit if no one wants to give me credit? |
| I have been trying to apply for the past couple years at various places like, Walmart, Target, Dillards, Macy's, Best Buy, couple of gas credit cards and even local furniture stores. They all ... |
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 I claimed bankruptcy 10 years ago, can I get a personal loan? |
| I haven't gotten a credit card either. When I go for the personal loan, do I still need to say Yes, I claimed bankruptcy? Even though it has been 10 years?... |
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 I just got a bill in the mail.....(collections)#? |
and it is from a cell phione company saying i owe them 250.00
i had a phone about 4 years ago from them but it as pay as you go....and i have not had the phone in about 4 years...its long ... |
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 How can i check my credit ? |
this is the situation:
i got divorce last year and i restored my last name with my maiden name.
the problem is that i dont own a credit card or a bank account and ive been having problems ... |
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 Should i get a credit card to pay off my bills? |
| I have a hospital bill that i havent paid on yet that i was summons to court for ($2000), i have a credit card bill that is deliquent ($2000) and im also getting close to bein late on my loan ($2500),... |
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 I am thinking about getting a loan using a loan shark? |
anyone have any thoughts about loan sharks? any good ones around at all?
i know its not the best think to do but we need the extra cash right ... |
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 Wher ecan i get a 90,000 loan ? |
i need to fnd a personal loan for up to90,000
Additional Details
i have tried at a bank but my credit is not good ... |
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 Is a credit score of 674 good for a 20 year old college student? |
| I have 2 credit cards, the one has a balance of $0 and the other has a balance of $900.... |
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| What is the FASTEST way to build up good credit? |
| Is it the higher the amount I purchase and the more i pay per month ? Or is it just the fact of paying regulary?... |
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 Can breaking out of a lease early reflect on your credit? |
| I'm just curious to know because my wife and I are looking to buy a home.........but we are locked into our rent for 7 more months. We don't want to let an opportunity to own slip by in ... |
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 Why do "wealthy" people use credit cards? |
| if wealthy people have money,why pay interest?why not use bank cards?... |
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| I let my fiance get a car under my credit. Any advice for being smart about this? |
| I (24) love my fiance (29) very much and we plan on getting married soon. He has been paying $700/month (for 3 yrs) for an old car that has been a big bill for him. The other day we went to a car ... |
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 If I pay everything I owe on a card that has gone to collections, will it be taken off my credit report? |
| I paid off a debt in full and I was told by the collector that no one would know about the debt after it was paid, but it is still on my credit report. It has been over 6 months.... |
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Ally L | Can creditors withdrawl money from my account? |
Last week, I received a call from a collection's agency, Nelson & Watson. I owe them money from 8 years ago and I know it's my responsibility to repay it, but I'm a college student and haven't had the money. The lady threatened me saying that I better pay or I'd end up in court. That same day, I was going to the bank to apply for a personal loan to pay off my bills. The lady wanted my bank account info so I gave it to her without thinking twice. I also had to confirm it with her manager. I was afraid of being sued so I did what I thought would be better. She said that they would call my bank on Thursday to verify that I have the money and then withdrawl it on Friday. Eventually, I didn't get the loan and I have no money in my bank account. Can they still withdrawl money from my account???! |
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bud'sgirl
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If you gave them your bank account information and confirmed it with them you gave them permission to take the money. I would call them back and try to reason with them. Also let them know that you don't have the money in your account. Because if they try to take money from your account that is at zero you may end up with overdraft fee's and be more in debt with the bank. |
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SlimMick
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Sorry...but you made the worst mistake you could have possibly made. This debt was old and was outside the statue of limitations...meaning that they were lying to you about being suing...This was a scare tactic and apparently it worked. You didn't have to pay them one penny. Giving a debt collector your bank account # was a huge mistake.
By making a payment, you have reset the statue of limitations. If the have not already raided every penny in your checking account, I would cancel your checking account asap. If they have, you may want to contact your bank and tell them that you were illegally threatened by a debt collector into giving them your bank account #.
Read up on the Fair Debt Collection Practices Act. |
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Mommy to Lauryn and Sydney
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if you gave them permission to do so and it sounds like you did, then you are going to have some hefty overdraw fees depending how your bank runs, they may or may not release the funds (some banks will do so even if you do not have it).. NEVER EVER give those people your account info!! |
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Big Al
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If you dont have the money in your account they cant withdraw it. Also I would not pay them as after 10 years it come of your credit and they cannot keep calling you. Dont ever give anyone your bank info. Specially over the phone. All they try to do is scare you which has worked. |
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Viv'
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It depends on the state. Texas where I'm at is a no garnishment state with the exception of the IRS so they wouldn't be able to take anything. In CA they can move to garnish your wages. So check into your state laws.
As mentioned, do not give your account information to any creditors. If they continue to call you and harass you all you have to do is send them a certified letter telling them that all communication should be done in writing and all phone calls should cease. I would go as far as calling or including in that certified letter that you are NOT authorizing them to take ANY funds out of your account. If they say they are taking you to court, unless you own two of something (houses, boats, cars) there isn’t really anything they can sue you for. Let them know the only pair of something you have is your tennis shoes, so which one do they want the right or the left?
Even if you pay the full amount this creditor will always show up on your report as being paid in full but delinquent, so it’s not going to improve your credit score either way. I wouldn’t go into further debt to resolve old debts either.
Good luck~ |
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Lys C
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They could very possibly try... First thing to realize is the majority of collection agencies are going to lie to get the money out of you. Check out your states Statue of Limitations - being out of SOL doesn't mean you aren't required to pay but it does give you a defense in court.
Stay off the phone with these people - do your research and communicate in writing. Make them validate the debt and request they only communicate in writing. |
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me e
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No. However much they want their money paid back to them, that is your account and they have to wait. |
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trying to please
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If you have NO money in your account. CLOSE it. That way they can't get you for being overdrawn. |
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Hokie_Pokey
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They can attempt to withdraw the money from your account because you gave them your account information (by doing so, you gave them permission to remove the money from your account)and they did disclose they would be removing the money.
However, if you don't have enough money in your account, then you're risking overdrawn fees and that can reach astronomical amounts.
And this will be on your credit until you pay it. Debt just does not go away by ignoring it. A lot of people think that but it's just not the case. If it was, no one would ever pay their bills. Once it's paid, it will take up to 7 years for your credit to improve.
This is most likely the reason why you did not get approved for that personal loan. I know it's tough but you must pay your bills on time or money trouble will just accumulate.
Good luck with that. |
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Serge M
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No one can take money from your account without your permission. They can, however, sue you, and when they get a judgment against you they can attach your assets, which includes the bank account. However, to do that they have to follow legal procedures.
If you owe the money from eight years ago, the statute of limitations may be in your favor. They may have waited too long to collect the debt. If they sue you, you can ask the court to dismiss the suit based on the statute of limitations. |
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luvbug7982
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It sounds like they suckered you into giving them payment information. They will try to withdraw that amount from your bank account but of course if you dont have it, it wont be paid and your bank will charge you a NSF fee.
Also if its really has been 8 years, they are WAY past the statute of limitations and they legally cannot attempt to collect anymore. Be careful what info you give over the phone. Dont let these people bully you. |
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Jamey C
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no, but they can eventually have it taken out of your paycheck |
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AJ
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Close your bank account immediately. Go right now! Open a new one. You don't owe these people anything and they don't have any real leverage against you, other than scary empty threats. This debt is past the statute of limitations in all state and should no longer be on your credit report. Read the following:
http://articles.moneycentral.msn.com/SavingandDebt/ManageDebt/ZombieDebtCollectorsDigUpYourOldMistakes.aspx
http://www.scambusters.org/zombiedebt.html
http://abcnews.go.com/GMA/Story?id=4358702&page=1
They CAN debit your account if you got scared and gave them the info - but they CAN'T if the account is no longer there! Even if the money is not there, your bank could pay it anyways and charge you huge overdraft fees. And the SECOND they get any money from you, the statute of limitations starts all over again and they've got you. Don't pay a cent! Close the account immediately!
Take action NOW to protect yourself from their bullying and be free from the old uncollectable debt once and for all! |
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cm.122128
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Close the bank account immediately and open a new one. NEVER give your bank account information to a creditor ever again. If you give them your account number, they will clean you out 99% of the time and keep trying to get more. |
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Benzo
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Nope. Unless it's the government's money, no one can take money out of your account without your authorization. |
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