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Sending A Payment

Date: Mon, 09/17/2007 - 07:25

Submitted by jcrab1
on Mon, 09/17/2007 - 07:25

Posts: 86 Credits: [Donate]

Total Replies: 7


I want to send a payment to a collector. At the bottom of a letter they sent me it says the following:

Quote:
"We reserve the right to process checks electronically by transmitting the routing, account, and check number to the bank. By submitting a check, you authorize us to initiate an electronic debit from your account. A returned check mya be collected electronically if it is returned for insufficent funds."


What does that mean?


I would personally just mail them a money order and not give out ur banking info to anyone. I've just become very paranoid these days with just anyone having my personal banking info. Also, if u go to WalMart and write a check that's how they do it now, they don't actually wait for ur check to clear the take ur numbers and it's actually like a debit card transaction.
hope this helps some,
Ang


lrhall41

Submitted by Ang on Mon, 09/17/2007 - 08:01

( Posts: 2306 | Credits: )


I have had a few experiences with my banking info being passed along to a marketing company..and as a result my account has been debited for a debit card(I never applied for) or a bill I did not owe. I have learned even at Wal-Mart not to give them a check..somehow your banking info has to be recorded. I don't think they need to know my personal banking info..I just use my bank debit card whenever I purchase something from them.


lrhall41

Submitted by laura19544 on Mon, 09/17/2007 - 08:13

( Posts: 456 | Credits: )