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slowandeasy · Dec 19, 2006, 10:17 AM

Can any one tell me the process of a creditor taking your banking account I know a judgement has to awarded but why does the bank give out your information? How do they know where you bank at I am so confused!

ScottGem · Dec 19, 2006, 11:16 AM

Who said the bank gives out the info? There are a number of ways the creditor can find the info.

The process is that the creditor sues you. If they win the suit, they are awarded a judgement to collect the amount owed. If you still refuse to pay, they, then have to find your assets to attach them. There are a number of ways they can do this.

Once they find the account, they then serve the bank with a copy of the judgement at which time the bank has to attach the specific account.

slowandeasy · Dec 19, 2006, 11:36 AM

Originally Posted by ScottGem

Who said the bank gives out the info? There are a number of ways the creditor can find the info.

The process is that the creditor sues you. if they win the suit, they are awarded a judgement to collect the amount owed. If you still refuse to pay, they, then have to find your assets to attach them. There are a number of ways they can do this.

Once they find the account, they then serve the bank with a copy of the judgement at which time the bank has to attach the specific account.

Thanks
What are the ways that the creditors useto find your exact account .My account was attached by mistake and it took forever and an apology from the bank to get it straight I guess what I am asking is how do they locate it what are they looking at when they are trying to attach a bank account I do not want this to happen again

mr.yet · Dec 19, 2006, 11:59 AM

If it was by mistake file and notice with the court to quash it.

But you must proof a mistake happen and you arethe the party to the judgment.

ScottGem · Dec 19, 2006, 12:32 PM

There are several possibilities, I can't list all of them nor can I give away trade secrets. ;)

It is unusual for a mistake to be made. The creditor has to show the exact account.

slowandeasy · Dec 21, 2006, 12:26 PM

Originally Posted by ScottGem

There are several possibilities, I can't list all of them nor can I give away trade secrets. ;)

It is unusual for a mistake to be made. The creditor has to show the exact account.

It may be unusual for a mistake to be made but it was! It was an error and the bank took care of it and I did receive a letter of apology I just wanted to know how that mistake could have happened and the fact of it was the creditor was from a place I had never dealt with and they admitted it!! I am so scared of banks now that I will only
Leave an account open to cash my checks! If it can happen to me it can happen to anyone. I do not want any trade secrets I just can't understand how it happened.The bank and creditor tried to explain but I still do not understand all I know is I will not use
A bank for saving any money again!

ScottGem · Dec 21, 2006, 12:37 PM

What explanation did they give. Maybe if you told us we can translate it for you.

I can understand your fear, but nothing is perfect. Mistakes can be made. There are millions of bank accounts that never have this happen. You just got unlucky. To not use banks because of this mistake is like staying in your house for fear of a lightning strike.