Legal Question in Credit and Debt Law in New York

Collection Agency Wants Automatic Payments Only

My credit card account has been

turned over to collections. I am

trying to work out a payment plan

with them, but they are telling me

that the only way it will happen is

through monthly automatic

withdrawals from my bank account. I

am uncomfortable giving them this

personal information, seeing as they

have a reputation for getting bank

accounts frozen for unauthorized

withdrawals. How can I negotiate

with them so they can take my

payments by mail, through money

order?


Asked on 10/01/08, 3:21 am

1 Answer from Attorneys
Michael Markowitz Michael A. Markowitz, PC

Re: Collection Agency Wants Automatic Payments Only

Why don't you open a separate bank account just for withdrawal for the payment plan?

Mike.

Read more
Answered on 10/02/08, 8:29 am


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