Check Recovery...

Laura, this is of concern to many of us. There is a thread in the banking forum called "can they do this"
Please post this there as well.

I will do that Kash...I did contact my bank and gave them a heads up to what is going on. So if my account does get hit with an unauthorized debit the bank will have a message on record about such a transaction.

Thanks Laura.It is a heads up to all of us to see posts like this.

Was there any agreement in your agreement with the original creditor that would let the original creditor do this? If not, then they cannot without your authorization.

Jcemt, I know that we have been hearing this from so many people. people have actually had their new accounts hit. I do wonder about all of this, and I am so paranoid because of it.There are a few threads about this on the banking forum as well.

Jcemt...the original was a payday loan company..they are associated with this collection agency. I have been dealing with this company for about 6 months now..I have sent them the c&d letter the authorization letter revoking any attempt to withdraw funds from my acccount..etc. Plus they have taken payments from my debt consuladation counselor. This just goes on and on...however this is a new tactic for them...and I just wondered if a check recovery company would go along with them to try and withdraw funds????

I just looked at check recovery systems website, they help merchants recover money for checks returned due to insufficient funds and the like. So there has to be a check or Echeck to start with. There is something really wrong with this picture as CRS could not just contact a bank and say you owe money without a draft item to be presented.

I had that happen with my closed bank account. But recovery was spelled different. And it was an ACH nothing else. Well needless to say they didn't get the money either. I also informed my new bank of this and they are keeping a watch for them.

I did hear from a my bank this morning and the lady in charge of the accounts dept. thanked me for making them aware of this possible attempt. However she told me to keep checking my account and report any unauthorized withdrawals immediately. Which If will do!

Good job telling your bank right away. Unless they have a judgment, what they would be trying to do is against the law.