Legal Question in Credit and Debt Law in Texas

Credit Collection

I owe money to a credit card company and a company called and said they were with the legal review department (NCO) and that it was getting ready to go into litigation and I would owe them $6000.00 but if I paid it by Oct 31st they could take $2100.00, they would not let me off the phone until I gave them a check number and my routing info. I told them I was not sure I could have the money by that time and they told me if I did not it would be fraud, I explained to them I did not have the money but they said if I didn't give the check number today then I would owe the entire $6000.00. They told me they would fax me all the info as well as e-mail me a copy for my records, I have not received that info and have called and told them, should I stop payment on the check, now that they have my back account information can they withdraw the money anyway?


Asked on 10/24/06, 5:32 pm

2 Answers from Attorneys
James Grissom Law Office of James P. Grissom

Re: Credit Collection

Now that they have your bank account information, they will withdraw all of the money from the account because the information you gave them is authorization to do so. You better inform the bank to accept to withdrawals by this organization or change bank accounts right away. Don't ever do this again.

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Answered on 10/24/06, 6:25 pm
TC Langford Langford Law Office

Re: Credit Collection

I agree with all that Mr. Grissom has said -- but want to add that everyone that gets these telephone calls needs to learn to HANG UP THE PHONE. It is your telephone -- no one can force you to talk on it.

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Answered on 10/25/06, 5:46 am


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