Originally Posted by
JudyKayTee
I think I already said that I have seen reports where the bank has reported an account has been opened, a CD has been obtained. Sometimes the bank runs a check to see where the deposit money comes from.
I don't work in the banking industry so why it happens, I don't know. I only know that it does.
To "assume" that opening a new account at another bank keeps a lien from being collected is simply foolish.
So then you are talking about when a CD is opened with a large sum of money deposited into such account?
Weren't we just talking about opening up a regular account at a bank... why I was asking for clarification on a simple checking or savings account... maybe with only $10 in each?
And I never got a clarification if anyone was referring to "banks report to credit bureaus" (which we ALL should know that) or if "banks report the opening of a new checking account... or ANY information about a checking account to a credit bureau" (which was all I was looking for.. and still hasn't been clarified).
I have to stand by my position... with over 7 years experience in the debt/credit industry, I have never witnessed a credit report with information about someone's personal checking account that the person themselves did NOT submit to a credit bureau or submit via a credit application.
I have actually had clients successful avoid a bank levy by closing the bank account that was originally associated with their credit card and banking somewhere else.
We have also had MANY clients change where they bank so that certain creditors CANNOT obtain certain information about the client that might interfere with negotiations on the debts they owe.
It is, indeed, "foolish to 'assume' that opening a new account at another bank keeps a lien from being collected" as someone said... but I haven't seen anyone make that claim yet.