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General Discussions
The Watercooler
bank/money question
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<blockquote data-quote="busywend" data-source="post: 298268" data-attributes="member: 391"><p>Yes, they can. I believe they have to file something so they usually do not take that drastic measure until someone is really late. But, I would take no chances. </p><p> </p><p>I once had a very old debt that I did not even know existed (I had co-signed) and one day my bank account was emptied. They collected. It was a collection agency that did it through the bank. Apparently they could not find my address (ha!) but they could find my bank account. I was furious. I had my mortgage to pay!</p></blockquote><p></p>
[QUOTE="busywend, post: 298268, member: 391"] Yes, they can. I believe they have to file something so they usually do not take that drastic measure until someone is really late. But, I would take no chances. I once had a very old debt that I did not even know existed (I had co-signed) and one day my bank account was emptied. They collected. It was a collection agency that did it through the bank. Apparently they could not find my address (ha!) but they could find my bank account. I was furious. I had my mortgage to pay! [/QUOTE]
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