What do collection Agent's really know about you?

[whatif]

I came across a statement  on the CIC website that's confusing....

I wonder what information do they have on me while I negotiate with them. And what do you actually answer them when they ask? Anyone had ant experience with it?

Thanks

Never Disclose Where You Work or Bank
If you are asked, refuse to give out this info. Why? If your settlement falls through, and the creditor gets a judgment against you, knowing where you bank or work will make it easy to collect on the judgment. In addition, this is none of their business and not relevant to the matter at hand.

[BackFromTheDebt]

26 minutes ago, whatif said:

I came across a statement  on the CIC website that's confusing....

I wonder what information do they have on me while I negotiate with them. And what do you actually answer them when they ask? Anyone had ant experience with it?

Thanks

Never Disclose Where You Work or Bank
If you are asked, refuse to give out this info. Why? If your settlement falls through, and the creditor gets a judgment against you, knowing where you bank or work will make it easy to collect on the judgment. In addition, this is none of their business and not relevant to the matter at hand.

These are matters often discussed in a debtor’s examination after a judgment.  
 

If you refuse to answer the questions, or answer dishonestly, you could be liable for civil or, if perjury was committed, even criminal penalties.  In some places people have been jailed for failure to comply with a court order. 
 

That being said, the idea is not to reveal the information until you absolutely have to.  And if you never have to, don’t reveal it at all.  
 

Also, you must tell the truth as of the time you answer the question.  Some may advise a debtor to change banks after a debtor’s exam.  
 

In any case, they will usually find where you work or bank.   I think the point is not to make their job easier unless you have to. 

[womanonfire]

I was reading an article on Sherman that was quite interesting. Here is an excerpt: Sherman didn’t act on that judgment until last year, the Sherman spokesman said, when the company’s computer models determined Ms. Bradley had money to pay. In May, Sherman used a garnishment order to compel her bank to transfer her balance of $6,770.78 to Sherman.

How in the hell are their computers doing that? 

Link to the article: https://www.wsj.com/articles/most-big-debt-collectors-backed-off-during-the-pandemic-one-pressed-ahead-11617804180