giving check information to debt collector
Date: Tue, 04/06/2010 - 18:56
If you are OK with the settlement and believe the debt is yours,
If you are OK with the settlement and believe the debt is yours, then I would NOT give them your banking information but would either give them a cashier's check for the amount or pay with a Visa or Mastercard debit card.My fear is that if they have your banking information that gives them the power to debit more than once. Just my two cents...
The attorney says in order to negotiate the settlement and draft
The attorney says in order to negotiate the settlement and draft the letter that states it is a one time lump sum settlement, he needs the information to draw it from my account at an agreed upon date (like two weeks from now when I told him I would have the funds) so doing a check card is not likely to be acceptable since it hasn't got the funds in and I worry about getting the letter from them first.....faxed and snail mailed is my preference. Should I see what the bank says about stopping payment?
If I had a letter of agreement, I would gladly send the cashiers check as my first method of payment but he says the company needs to see the check in the agreement.
I totally agree with kscornell, I would never give out any of my
I totally agree with kscornell, I would never give out any of my personal account info to anyone on the telephone. Get the agreement in writing first and foremost, then send a cashier's check.
Quote:Originally Posted by AnonymousI have been contacted by att
Quote:
Originally Posted by Anonymous I have been contacted by attorney for a firm representing the company that purchased by charged off account and told that they would accept a bottom line of 50% of the debt and no less but I must give them my bank account number in order that they draft the letter for the company accepting my settlement. I would postdate the check to the end of the month but be sent a fax tomorrow to confirm the arrangement. Do I need to notify my bank that this amount only be allowed through on that end of the month date.....or am I risking that this company have access to my account for other than stated check? I need proof of closure of the account is what I am after......I will make sure the settlement funds are in my account on that day and not before, but still...am I taking a big leap? |
i would never agree to anything over the phone.this smacks of complete bottomfeeder.any legit law firm would have sent you at least a dunning letter.if he hasn't then chances are he is just a collector playing attorney.btw the line about needing the check is complete BS,and a bottomfeeder tactic.do what you have to as far as stopping him from taking the amount.either put it on DEPOSITS ONLY or have an alert put on the account.either way do not pay this place without details in writing first.if you don't mind me asking who is this person and who do they claim to represent?again everything you posted says bottomfeeder,and should be questioned.
