You should never give out any kind of personal information to a colelction agency including bank statements and health records. As a debtor you should be aware of your rights, and the Fair Debt Collections Practices Act (FDCPA) rules in order to properly handle a collection agency. For FDCPA refer http://www.ftc.gov/os/statutes/fdcpa/fdcpact.shtm .
Please never give a collection agency this type of information. By doing so you are giving them all your valuable banking information and they could use it to access your bank account. Not all collection agencies (or rather most) play by the rules. They may dip in without a judgment and remove funds. If this does happen it can usually be resolved through your bank but causes a lot of work and troubles.
Yes, once you give out your personal details to a collection agency they can just withdraw all the money from the account leaving you in more debt. One should always be very careful about giving out personal information to anybody calling to collect a debt. _________________ Keep in touch
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.