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Is it advisable to pay with debit card to debt collector ?

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Super Contributor

Is it advisable to pay with debit card to debt collector ?

Is it advisable to give debit card information to pay to the debt collector ? Or should I pay by check so there is a paper track for the payment.

As of 1/5/2020 - EQ 576 / TU 600 / EX 566
As of 6/28/2020 - EQ 613 / TU 620 / EX 608
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Super Contributor

Re: Is it advisable to pay with debit card to debt collector ?

gdale won





My posts are JMHO. My siggy is not to brag at all. Just sharing my experiences after learning here from rebuild to recovery after BK DC @ 540's. And to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 2 of 5
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Moderator

Re: Is it advisable to pay with debit card to debt collector ?

Never pay a debt collector with a debit card or a personal check you dont want them to have your banking info. Certified check or credit card only.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 3 of 5
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Moderator

Re: Is it advisable to pay with debit card to debt collector ?

I would do what gdale stated. I may need a whole giant roll of aluminum foil, but I don't trust collection agencies. 

 

I am pretty sure some are trustworthy and play by the rules, but I would hate to find out the hard way which ones do not 

 

I told my teens yesterday I'm done repeating myself. Darwin, take the wheel, please.
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Established Contributor

Re: Is it advisable to pay with debit card to debt collector ?


@Remedios wrote:

I may need a whole giant roll of aluminum foil, but I don't trust collection agencies. 

 

I am pretty sure some are trustworthy and play by the rules, but I would hate to find out the hard way which ones do not 


You definitely do not need any foil. My brother did collections for about 10 years and he taught me to never, never, never write a personal check to ANY collection agency. He would advise all his friends to close out those accounts if they had already made that mistake.

 

He told me the biggest offenders were the ones that didn't record their phone calls. And out of the ones that did, the recordings were "accidentally erased" or recorded over really quick. It was your word against theirs whether or not you authorized multiple payments over the phone. Of course, they were just pulling the routing & account numbers off of the checks that you mailed for a one-time payment.

    EQ=841        TU=834         EX=834      INQ=0/0/0     UTIL=1%        AZEO


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