Can a CC use my bank info w/o permission?
Date: Sat, 01/03/2009 - 08:14
I am starting down the settlement path due to being unemployed and behind on credit cards. All of them I have done a check by phone with at some point in the past. Now I am worried that since they keep this information on file, they might try and take their money without my permission. Can they do this? I don't want to switch banks. I like my bank and have been there a long time. But I don't want to be vulnerable either.
permission
only if your credit card and bank account information are the same. For example, if you have a checking and savings with Bank Of America and a credit card through them than yes the bank can withdraw funds from said account.....look through your t&c with the credit card its in there. Hope this helps!
Ok ...slight problem. I use a credit union that I got a private
Ok ...slight problem. I use a credit union that I got a private label BofA card from. So its basically like "my credit union" on the card, but the payments are all through BofA, not my credit union. How would that be viewed?
permission
yep...I would bet it states in the t&c that BOA is authorized to collect if not paid as agreed.