blum1176 Posted November 23, 2007 Report Share Posted November 23, 2007 so i get a call from a CA today claiming that they have purchased my account for HSBC. I inform him that I am already in negotiations to settle the debt and that my first payment has just been withdrawn from my account. So i kindly ask him to forward any info he has to my mailing address and that is how we will be conducting business. He asked the name of the company I told him i dont recall, he asks in a huff voice you dont know who you paid, to which I reply I dont recall off the top of my head, and if i did know I cant see as how its any of your business. He says let me check something out for a moment and hangs up. Thought it was weird, but at the same time its nice to be armed with the knowledge to tell these CAs to F off in a PC and legal way.THANKS AGAIN CIC!!! Link to comment Share on other sites More sharing options...
CarolinaBlueEyes Posted November 23, 2007 Report Share Posted November 23, 2007 ONE thing about your post scares the life out of me "my first payment is withdrawn" please tell me you did not give a creditor banking info.. if so CLOSE that account or move your account to another bank and ONLY use this account for payment.. as many will attest too all will go fine for a while and then one day you wake up and twice as much money is taken out.. or the account is drained.. you never EVER want to do this.. Link to comment Share on other sites More sharing options...
blum1176 Posted November 23, 2007 Author Report Share Posted November 23, 2007 I have a written agreement as to what I have authorized for deduction. I spoke with my bank and if they take out any more than what we have agreed upon, my bank will refund my money and they will go after the CA for the unauthorized charges. Link to comment Share on other sites More sharing options...
merkurfan Posted November 23, 2007 Report Share Posted November 23, 2007 I have a bridge I would like to sell you...Don't trust the ca, and don't trust a bank that says your protected from unauthorized ach's Link to comment Share on other sites More sharing options...
isislc Posted November 24, 2007 Report Share Posted November 24, 2007 I have a written agreement as to what I have authorized for deduction. I spoke with my bank and if they take out any more than what we have agreed upon, my bank will refund my money and they will go after the CA for the unauthorized charges.It wouldn't matter. The bank would still do the damage to your account because they get paid by the CAs for following through on payments regardless of if they were properly agreed upon or not. Carolina has given good advice, only use that accounts for payment and open a new account for your money to go into. Link to comment Share on other sites More sharing options...
CarolinaBlueEyes Posted November 24, 2007 Report Share Posted November 24, 2007 With all due respect I can't tell you how many times I have heard "we have a written agreement" and then someone posts on here how it doubles... or they have taken out more then they should.. after all we all know the adage "its better to beg for forgiveness then ask for permission".. I would recommend you move your money to a new account and in a new bank... and keep this one open ONLY for these payments.. the bank is not going to go after them.. its not their job... If they take out more then they should YOU are the one who will go to court.. NOT your bank.. I know this first hand.I had a life insurance debit that came out monthly.. they took out the debit three times in one month.. I have a great bank but do you think they handled it.. NO I did.... my point is they can and do go in and take more then authorized all the time and yes you can get it back AFTER court and in some cases it takes months.. DO NOT EVER TRUST A CA Link to comment Share on other sites More sharing options...
blum1176 Posted November 27, 2007 Author Report Share Posted November 27, 2007 so I should move to a new account? and only have available funds for the monthly withdrawals? Link to comment Share on other sites More sharing options...
merkurfan Posted November 27, 2007 Report Share Posted November 27, 2007 I would move everything from that bank, to a different one. And use the old account only for paying the CA if you still want to pay them. Link to comment Share on other sites More sharing options...
astiman Posted November 27, 2007 Report Share Posted November 27, 2007 And quickly, too...do not trust the bank or the CA.Pay (if you must) by Money order.....if they dont accept that, i guess they dont want their money. Link to comment Share on other sites More sharing options...
Robert Nashville/Savannah Posted November 27, 2007 Report Share Posted November 27, 2007 If a CA is talking to you (and often even if they put it in writing) they are lying to you and as soon as you understand that, you’ll understand why you should NEVER, NEVER, NEVER, give your banking information to ANYONE with whom you have an adversarial relationship ESPECIALLY a collection agency; I hope I’m not being unclear.Frankly, most banks are of little help when the CA withdraws more money than they should (or completely empties your account) - the banks simply don’t want to deal with the problems even when the law says they have to.I would do exactly what has been advised here…open a new account at a new bank (not a different branch but a totally different bank) and only leave the amount of $$$ in this old account that they are allowed to withdraw. Once the account is paid of, I’d then go ahead and just close this old account…and I’d do that yesterday if not the day before yesterday. Link to comment Share on other sites More sharing options...
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