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quinnc

Gave CA My Bank Account Info

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Hi, I'm new, and becoming less naive by the minute.

 

Before I found this board, I gave a CA (LGBS) my bank account info over the phone so that they could make monthly debits to pay off my debt. I also recently sent them checks since I've had extra money. Right before I found this board, they sent me a settlement letter, which I never acted upon--I plan on sending them a validation letter, but do I need to close my bank account before I do so?

 

Also, the CA itself is not showing up on the tradeline on my reports. The OC (Barclays Bank of Delaware/Juniper Bank) is. I assume I should do an OC validation before doing anything with the CA...Is that correct?

 

Thanks in advance for helping me become more financially responsible! :)

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yes...you certainly need to close your account and open another one if they have access to your account. Even if you don't DV I would still close and reopen...that's just my opinion, maybe others will chime in...but if it were me, I would be there closing it like....NOW!

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Yes, close your account NOW. Any payment re-sets the SOL, and also allows a CA to begin the reporting period over again. Go now, stop reading anfd get to the bank! Do it!

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haha- Chris is right.. if you are reading this message, you are not in the right place right now.

 

call the bank and put a stop payment on that date it is set to withdraw. also put a stop payment on the week before and the entire month after. then close the account. I have heard that closing the account is not good enough to prevent payment from being processed.

 

Then DV and request that no payments be accepted as agreements were made under high stress. This will probably not stop them from trying though.. but its a start.

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OK, so I'll close the account. But the question remains: The CA itself is not showing up on the tradeline on my reports. The OC (Barclays Bank of Delaware/Juniper Bank) is. Do I attempt an OC verification before doing anything with the CA?

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the CA is probably collecting on behalf of the OC. You can try to contact the OC but will most likely be referred right back to the CA...

 

your best bet will be to force the CA out of the picture, which is usually done after a DV / or with violations discovered. Then you can start working out a deal with the OC.. at least thats how it has panned out for me.

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