Banking with creditor

Date: Wed, 09/07/2005 - 18:16

Submitted by anonymous
on Wed, 09/07/2005 - 18:16

Posts: 202330 Credits: [Donate]

Total Replies: 3

Can my bank hold or take my money from my checking account if I don't pay there credit debt with the same bank?

Hi Jaco Welcome to the forums. Usually, there is one agreemen

Hi Jaco

Welcome to the forums. Usually, there is one agreement letter signed by you before they can withdraw money from your account.

Unless you authorize them to take out money from your account, the bankers don't have the legal right to perform this action.

Regards
Roxette

lrhall41

Submitted by roxette on Thu, 09/08/2005 - 10:55

( Posts: 4009 | Credits: )

This agreement letter you

This

agreement letter

you talking about. Is it maybe a letter I signed when I opened my checking account?

This will be a business account, I want to negosiate my $60,000 debt with the same back that have a checking account. My average daily balance is about $ 25,000.

I also have excellent credit but my business monthly debt is now $ 2,000 per month and I just can't afford it no more. My business almost have no assets other than the cash in the banh.

lrhall41

Submitted by on Sat, 09/10/2005 - 04:49

( Posts: | Credits: )

Hi Jaco I believe that you should talk with your bank and exp

Hi Jaco

I believe that you should talk with your bank and explain the situation. Most probably, this situation will get solved.

Regards
Roxette

lrhall41

Submitted by roxette on Mon, 09/12/2005 - 12:09

( Posts: 4009 | Credits: )