I work for a debt collection agency, and therefore, am always searching for new things to write about this enthralling subject. One interesting article I found was written about legal ways to find information on debtor’s bank accounts. Obviously, being able to locate a debtor’s bank account can be very helpful in your attempts to collect money.
Under the law, a licensed, private investigator must do the work, and you should always be very wary when you employ somebody to find bank account numbers seeing as there are a number of scam businesses claiming to do just that, and instead, taking the money while doing nothing in return.
But what if you are a “hands on” kind of bill collection place? That’s where the article came in. It listed what it thought were some great ideas on finding your debtor’s bank account information, but some of these just seemed crazy. But for your reading pleasure, and lack of anything better to write about here is a summary of them all.
1. The old “I give you my checking information you give me your checking information” scheme: If your debtor works at a retail store, purchase something from the person in debt and pay with a check. This is an excellent way to determine what the account information is, because by looking at your own bank statement, you will be able to locate the debtor’s account number.
2. The “old landlady” gimmick: talking with a landlady or landlord that a debtor used to have can be extremely useful. See if the landlady will let you know what his bank account information was, or you can subpoena the former landlord for a copy of the rental application to see where the defendant banked. It is likely that the debtor uses the same bank account. (Editor’s note: Don’t ask me why a debtor’s formal landlady would voluntarily offer a former tenant’s bank account information to a random person!!!) To Be Continued In Part Two….
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Topics: Debt Consolidation | Comments Off
Tags: account receivable collection, accounts receivable collection agency, accounts receivable management, action collection agency, bad credit loan, bad debt collection agency, bounced check, collection agency software, Debt Consolidation, new york debt collectors
MLA Style Citation:
Guest, Guest "Some “Creative” Ways A Collection Agency May Find A Debtor’s Bank Account Information Part One." Some “Creative” Ways A Collection Agency May Find A Debtor’s Bank Account Information Part One. 25 Jun. 2010. uberarticles.com. 6 Nov 2014 <http://uberarticles.com/finance/debt-consolidation/some-creative-ways-a-collection-agency-may-find-a-debtors-bank-account-information-part-one/>.
APA Style Citation:
Guest, G (2010, June 25). Some “Creative” Ways A Collection Agency May Find A Debtor’s Bank Account Information Part One. Retrieved November 6, 2014, from http://uberarticles.com/finance/debt-consolidation/some-creative-ways-a-collection-agency-may-find-a-debtors-bank-account-information-part-one/
Chicago Style Citation:
Guest, Guest "Some “Creative” Ways A Collection Agency May Find A Debtor’s Bank Account Information Part One" uberarticles.com. http://uberarticles.com/finance/debt-consolidation/some-creative-ways-a-collection-agency-may-find-a-debtors-bank-account-information-part-one/
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