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Some “Creative” Ways For A Collection Agency To Find A Debtor’s Bank Account Info Part Two

By Mallory Megan

In my last article in this two part series I wrote to you about how I am employed by a debt collection agency, and how I’m always looking for new things to write about the exciting field of debt collection. I started to look at an article of seemingly legal ways to find a debtor’s bank account information, and am continuing with my summary of my findings. The first two tricks were paying a debtor for something by check to get his checking information, and speaking with his former landlady.

3. The old “stick him where he works” plot: Consider serving a Business Record Subpoena on the debtor’s employer so you can get your hands on a copy of a payroll check the debtor has cashed. The check should have the defendant’s account number and maybe even the name of the bank on the check.

4. Hold on to your hats folks, this is where it gets wild! The old “search in the trash like a homeless person” scam: Go outside of a debtor’s house and dig through her trash and see if you can hit pay dirt. This is an easy way to get a hold of bank information and additionally a great way to get to know more than you ever wanted to about your debtor! (Editor’s note: Before you put on the plastic gloves, the article claims these are all legal tactics, but I am not so sure about this one.)

5. This fifth one is truly precious. “The fake block party.” This takes days, maybe weeks of planning. First create post cards about a fabricated block party and mail them to anyone who resides on the debtor’s block. Then, place signs directing traffic towards his house. If all goes according to the master plan, the debtor will get block party fever and open up his garage for all to see. Look through his stuff and take inventory. According to the article I read, even though this tremendous effort will not result with your acquiring his bank account information, you can at least see if he’s loaded and lying. One bonus though: the article notes that the debtor may begin to sell things.

Now, I’ve never been to a party where someone spontaneously busts open their garage and starts selling belongings, but at this point, you would purchase something and give them a check. (See step one)

Mallory Megan works for Rapid Recovery Solution and writes articles about commercial collection agencies.

Article kindly provided by UberArticles.com

Topics: Finance | No Comments »


Article Citation
MLA Style Citation:
Megan, Mallory "Some “Creative” Ways For A Collection Agency To Find A Debtor’s Bank Account Info Part Two." Some “Creative” Ways For A Collection Agency To Find A Debtor’s Bank Account Info Part Two. 3 Jul. 2010. uberarticles.com. 14 Apr 2015 <http://uberarticles.com/finance/some-creative-ways-for-a-collection-agency-to-find-a-debtors-bank-account-info-part-two/>.

APA Style Citation:
Megan, M (2010, July 3). Some “Creative” Ways For A Collection Agency To Find A Debtor’s Bank Account Info Part Two. Retrieved April 14, 2015, from http://uberarticles.com/finance/some-creative-ways-for-a-collection-agency-to-find-a-debtors-bank-account-info-part-two/

Chicago Style Citation:
Megan, Mallory "Some “Creative” Ways For A Collection Agency To Find A Debtor’s Bank Account Info Part Two" uberarticles.com. http://uberarticles.com/finance/some-creative-ways-for-a-collection-agency-to-find-a-debtors-bank-account-info-part-two/


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