by cyndi
(temple city ca)

Can a debt collector wipe you out from your own checking account or savings account without any approval or notice?

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Apr 21, 2010
collectors and your checking account
by: Gerri

Thanks for submitting your debt collection question on our Q&A page.

For most consumer debts, debt collectors must first take you to court and get a judgment before they can take money from your bank account. I am assuming you have not been sued yet, but if you have been your bank account is definitely at risk.

In addition, there other situations where collectors may be able to get money from your bank account. An example may be if you owe money to the bank due to bounced checks, or if you have a delinquent loan with the same bank where you have your checking or savings account. In those cases, different rules may apply.

You haven't told us much about your situation, so I'm not sure what you're dealing with. But it does sound like you're worried about what the debt collector may do if you can't pay. So I would encourage you to read our e-book, or at a minimum, read the first chapter of Debt Collection Answers online for free so you at least have an overview of your rights when dealing with these debt collectors.

If you have additional questions or concerns, please ask them in the comments section that follows this question so we can keep them together with your original question.

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