QUESTION
How can they credit card company go in your bank account and take money?
Asked on Apr 16th, 2014 on Bankruptcy - Michigan
More details to this question:
A bank offer me a credit card around 2007 and after 2 years of making payments, I couldn't afford to pay them no more. Basically, it went in default. A couple of days ago they went in my bank account from another bank and attempt to take the money. It’s not the same bank. I only had a $100 dollars in my account. What’s going to happen to my bank? I’m going to owe the other bank the money I owed my credit card company now. There were judgments against me last year. Any legal advice how can resolve this and I am not working at the present time. Thank you.
4 ANSWERS
Debt Collection Attorney serving Chicago, IL
Partner at
Edelman, Combs, Latturner & Goodwin, LLC
2 Awards
A credit card company cannot go into your account and take money unless (a) you have authorized an ACH debit or (b) they have a judgment. Find out from the bank holding your account what the justification for the withdrawal is.
Answered on Apr 17th, 2014 at 6:46 AM
Right, the credit card company obtained a judgment against you. Then they got a Writ of Execution against the bank account and took the money. If you aren't working and have a lot of debt, it might be a good time to declare bankruptcy.
Answered on Apr 17th, 2014 at 6:41 AM
Business Law Attorney serving Bingham Farms, MI
at
James T. Weiner, P.C.
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If they got a judgment against you and you did not pay they can garnish your assets.. including bank accounts.
Answered on Apr 17th, 2014 at 6:40 AM
Appellate Attorney serving Grosse Pointe Farms, MI
at
Musilli Brennan Associates, PLLC
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I suspect that with a judgment in hand they garnished your account which is legal. To have the details reviewed you will have to engage a business/debtor/ creditor attorney but, on your statement of the facts it appears normal and legal on its face.
Answered on Apr 17th, 2014 at 6:36 AM