how do creditors find your bank accounts?

Mbell1960 · #1 Jun 8, 2008, 04:23 PM

How do the creditors find your bank accts? I just wondered because I have accounts garnished at one bank and not at another.

Thanks

twinkiedooter · Jun 11, 2008, 01:31 PM

They probably were satisfied with one bank and stopped looking after one. Consider yourself lucky that they missed the other account.

Fastfun1 · Jun 11, 2008, 02:20 PM

Retail banks use a reprting agency by the name of CHEX. Creditors will obtain information from a CHEX report. All retail banks report to CHEX; this does, however, exclude credit unions.

slowandeasy · Jun 11, 2008, 02:37 PM

Don't be surprised if with in a few days that other account at a different bank gets "hit" also. Most of the time when they find one they will the other.



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