Minnesota Bankruptcy Lawyer
Minnesota Bankruptcy Blog
If you are being called by debt collectors it may be a warning sign that you are having financial problems. It is important if you are being called by collectors to not take any advice you receive from them with a grain of salt. The collectors are not looking out for your best interests and any advice they give you will not be beneficial to your financial well being. I would also advise that you do not give them any bank account information over the phone without a written agreement specifying how much will be withdrawn from your account and on what date.
If you do not have this agreement the collector may take all the money from the account without your authorization and without your permission. If the money was taken without permission you may be able to get the funds back, but it will be a lot of work, and it could have been avoided by having a written agreement. The moral of this post is be wary when taking advice from debt collectors, and do not give out your banking information to the collector.
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