They are threatening to use the account no# that I use online to pay their bills online, now I'm behind and they said they will just go in and get it; is that legal?
2006-11-21 09:21:41 · 19 answers · asked by angel 2 in Business & Finance ➔ Credit
Yes it is.Read the fine print in the literature they sent you when you got the card. You where warned then, and by using the card, you accepted the terms.
Owe too much? sell something.
And remember, the best way to avoid this is to only buy something you can afford. Want it but don't have the money? Save up. Credit is hard to keep good, but so very important.
Much luck.
Long Live Jambi.
2006-11-21 09:28:11 · answer #1 · answered by Anonymous · 0⤊ 1⤋
It's legal but it depends on how long you have been in arrears with the credit card company...it could just be a threat to have you make a payment. It's called an electronic funds transfer and you probably indicated somewhere in your contract that you would allow this if you defaulted on a payment. Putting a stop payment on this or changing your bank account will only make matters worse because you will then be charged an additional 30 to 40 dollars for insufficient funds every single time they hit your account for the money. I suggest you contact the credit card company and arrange some kind of payment plan. If they are not reasonable with that avenue you should go to a credit counsellor. They act on your behalf and will stop interest on the charge account.
2006-11-21 17:33:15 · answer #2 · answered by Jadis 4 · 1⤊ 0⤋
When you sign up for online banking & bill payment, you are told to read the Terms & Conditions, and I will bet that you checked the box saying that you read them.
Go into your account on line & search for the word Term or terms, then read it.
If that says that they have the right, then they have the right. If you used the site, you agreed to their terms, whatever they may be.
If the T & C's has no mention of this, then you may have a case if they did it. You would then contact your state's attorney general.
I would just stop using that account, there are no laws saying you can't move your account and then only send them money orders.
Have fun.
2006-11-21 17:44:05 · answer #3 · answered by Gem 7 · 1⤊ 0⤋
Look in the "terms and conditions" of the credit card agreement that you accepted when you received the card. If it says in there that they can do this then yes it is totally legal as you've already given them permission to do so.
If the terms and conditions don't say they can do this then you can ask them under what part of the law they are using to carry out this action (and ask them to be specific). If they can't come up with a law or a term in your contract to back themselves up (and let's face it they probably will) then you could sue them for theft.
But since you owe them a lot of money then you don't want to annoy them too much.
2006-11-21 17:25:50 · answer #4 · answered by rchlbsxy2 5 · 0⤊ 0⤋
Actually that is very ILLEGAL and you can threaten to sue them for harrassing you about this. Contact your credit card company and tell them you want to remove your information from online. If they go into your account and take money out without your authorizing it and without an authorization number, then they can be sued for accessing your account without your consent. That is FRAUD, and it very illegal, and they know it too, they are just hoping you don't. If they end up doing this, contact your local lawyer's office and see what you can do. Good luck to you!
2006-11-25 00:16:51 · answer #5 · answered by Renee W 2 · 0⤊ 0⤋
Generally, banks have a right of offset. If the card and the account are in the same bank they can take the amount you owe from your account. In addition the account terms my expressly give them the right.
2006-11-21 21:54:13 · answer #6 · answered by David W 4 · 0⤊ 0⤋
They can't just take your money without a court order and/or judgment. You have to receive notice if they have a judgment against you. In fact, you have to have had notice that they are trying to get a default judgment against you. They are not telling you the truth, they're using really creepy tactics to get you to pay. Ask or write them for a copy of the money judgment against you. I'll bet they can't produce one.
2006-11-21 17:26:06 · answer #7 · answered by Anonymous · 0⤊ 0⤋
No it is definetly not legal. you may just want to close that account and open a new one at the same time. Talk to your bank they can help you out.
2006-11-21 17:25:08 · answer #8 · answered by quileter 2 · 0⤊ 0⤋
of course is not not legal, you have to authorize payments.
You should really try to make the minimum payment on time – otherwise they can charge you late fees and report you to credit agencies that will lower you credit score and make if more difficult and more costly to get credit in the future…
2006-11-21 17:25:12 · answer #9 · answered by string1dm 4 · 0⤊ 0⤋
No, it's not. And as a safeguard, why don't you contact your bank and have your account changed and start paying them by money order. They won't have your information then.
2006-11-21 17:24:32 · answer #10 · answered by UNI Panther 3 · 0⤊ 0⤋