is it againt FDCPA laws for a collection agency to have a policy of only accepting payments that are directly withdrawn from my checking account? i have no problem making payments, but they are telling me that they cannot accept payments unless i give them my banking info and they can withdraw the money automatically. does this violate any FDCPA laws? i cant find where it does, but this sure doesnt seem right. im VERY hesitant to just hand over my banking info to a collection agency, for a number of reasons..
I'd tell them they don't want their money very badly. NEVER give out your banking info. Has the SOL expired? Are they showing up on you CR?
To the extent it is false, it would be an FDCPA violation. They like to be in control, they like to get their money immediately (so they get their commissions), and they like to make it difficult for you not to make future payments. They prefer a CC or debit card payment now, for the promise of a check in the mail. They also like to not document any agreements or promises they make to extract payments, whereas you could use sending a check, with a letter documenting an oral agreement, to document and bind them to that agreement, and enforce it if they reneg. If you sent them a check, I doubt they would return it. What promises, threats, or arguments are they using? Is the amount in collection accurate, have you requested validation of the debt, and have they sent it?
