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    ahorton2001's Avatar
    ahorton2001 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 15, 2012, 04:46 PM
    Will a bank levy continue once you make payments arrangements?
    I learned that I my account got levied today. I immediately called and made payment arrangements. They assured me that they will not take any other funds out of my account except for the arrangement amount. Is this true? Are/can they continue to levy my entire account? They also say that once that money is levied it cannot be reversed and want me to sign a "release" for the funds. Should I do this or are they lying?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Oct 15, 2012, 05:49 PM
    Get it in writing. Creditors promises are rarely worth more than the paper they are printed on. If its not in writing I wouldn't count on it.

    It's a shame it took them cleaning out your account before you agreed to pay.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Oct 16, 2012, 01:41 AM
    Ask them to put everything they said into writing, if they do, great, if they don't, ( I don't think they will, since most lie) then you know it was a lie
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