I believe I was scammed and even though no criminal charges will be filed since I was the victim will I be able to pay the bank back the money in payments or do I have to pay them back all at once the whole 6700.00 dollars that is now overdrafted in my account.
2006-09-23 04:00:49 · 8 answers · asked by Mr.X 2 in Politics & Government ➔ Law & Ethics
The bank should be sympathetic if it was not your fault that you went overdrawn. if you have a lot to pay back this article might be handy
http://www.quazen.com/Home/Personal-Finance/Managing-your-Debts,-a-common-sense-approach.525
2006-09-23 04:03:15 · answer #1 · answered by welsh_witch_sally 5 · 0⤊ 0⤋
The bank will still hold you liable for the entire $6,700. The bank may forgive a portion but put yourself in the bank's shoes - if you had to pay $6,700 to customers for scams - the bank would go out of business before you know it. The bank may also work with you on a payment plan - like $100 a month deduction from your checking account until the debt has been satisfied. The bank may play nasty and attach liens to income and property in a process called setoff.
2006-09-23 11:06:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If it was fraud, the bank will make you file an affidavit for every incident. The bank has a fraud investigation team, they will check it out and decide if you will pay or if you are not at fault.
I once had a box of checks stolen. Two dumbass teenagers went on a pizza delivery spree. I proved to the bank that the checks had been stolen and my signature forged, so the bank moved my money to a new account and flagged the old account. Every time one of those checks popped up I had to go to the bank and file one more affidavit. Eventually the mother of one of the teenagers took notice and busted them, but I don't know if any of the two kids got in trouble with the police.
2006-09-23 12:20:34 · answer #3 · answered by veraperezp 4 · 0⤊ 0⤋
The bank will close your account and send you to a collections agency. You can work out payment plan options with them once they call you in a few months (3-6 months).
2006-09-23 11:08:25 · answer #4 · answered by Sal G 4 · 0⤊ 0⤋
If you were scammed, you need to talk to the fraud dept. of your bank. You may have to begin making payments until it is resolved, but if it was a business that scammed you call your local Better Business Bureau, and Chamber of Commerce.
2006-09-23 11:07:58 · answer #5 · answered by red.cancer 3 · 0⤊ 0⤋
only if the bank allows and they will expect payments large enough to make the payments.
Next if they don't agree or accept your payment plan they can sue you in court, and get a judgemnent against you and garnish your pay.
2006-09-23 21:27:47 · answer #6 · answered by Anonymous · 0⤊ 0⤋
depending on your banks policy they may close the account and send it to collections or they could keep it open and any money you put into the bank auntomatically goes to them until its all paid. call you bank and ask them thier policy.
2006-09-23 11:16:16 · answer #7 · answered by mrscbaumgardner 2 · 0⤊ 0⤋
They may float you a loan - what did you do with the $6700 you got? Gone before the check bounced in your account?
2006-09-23 11:04:08 · answer #8 · answered by Catspaw 6 · 0⤊ 0⤋