If you want to stop a debt collector from taking money from your bank account, you have several options:
- Close the bank account: This is an extreme measure, but closing your bank account can prevent a debt collector from accessing your funds. However, keep in mind that this may not stop the debt collector from pursuing you through other means, such as wage garnishment or legal action.
- Request a cease and desist letter: You can send a cease and desist letter to the debt collector, instructing them to stop all communication with you, including attempts to take money from your bank account. Keep in mind that this may not stop the debt collector from pursuing legal action to collect the debt.
- Challenge the debt: If you believe that the debt is not yours or that the debt collector is trying to collect an amount greater than what you owe, you can challenge the debt. This may require you to provide documentation or to appear in court.
- Negotiate a payment plan: If you are unable to pay the full amount of the debt, you can negotiate a payment plan with the debt collector. This can help to stop the debt collector from accessing your bank account, and it can also help you to manage your debts more effectively.
- Make sure to check your states Exemptions such as: retirement income, disability income, veteran, veterans benefits, etc. These Exemptions are available to stop debt collectors from taking your money even if they have a judgement against you.
Keep in mind that debt collectors are regulated by the Fair Debt Collection Practices Act (FDCPA), which provides protections for consumers. If a debt collector is violating the FDCPA, you can report them to the Consumer Financial Protection Bureau (CFPB).
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