Nationwide CreditQuestion: American Express has sent my account to
Nationwide. Nationwide says they won’t accept monthly payments unless I
enroll in their Care Program by giving them $500 down and then access
to my checking account to pull $204 a month from. Then they reduce the
interest rate from 34.9% to 9.9%.Do I have to do this program or do
they legally have to accept me just sending checks in the mail without
giving them direct access to my checking account?Answer: First of all,
they are a 3rd party debt collector but regardless of who they are you
should never give them access to your checking account and banking
information.To be absolutely safe one should never pay debts to anyone
by giving them access to your banking information. Pay all debts by
Bank Certified cashiers checks so you have a receipt in hand for all
payments made.Mortgage payments, car payments, especially payments to
debt collectors, credit card payments and such should always be made
from bank certified cashiers checks, U.S. Postal money orders, or
prepaid debit cards in which you have to deposit the money first before
you can use the card. Never give your banking information over the
phone under any circumstances.Yes, I am aware that there are those
circumstances when that advice simply won’t work for some reason or
other but in general you should follow it to the greatest exten
possible. On the other hand you should never deviate from that advice
with a debt collector.But in fact you really should never pay a debt
collector a crying dime in the first place. Paying them just encourags
them to abuse those who know better than to pay them. Also, paying them
hurts your credit score much worse than not paying them so why do it?
Makes no sense at all.Do they legally have to accept your form of
payment? No, they don’t have to accept your payments by whatever means
you choose but if you can prove to a judge that you actually sent them
money by some acceptable means such as a bank certified cashier’s
check, U.S. Postal Money order and they refused to accept it and sent
it back to you I tend to think they would have an awfully hard time
trying to get a judgment. One never knows about that however.Nationwide
Credit Question: American Express has sent my account to Nationwide.
Nationwide says they won’t accept monthly payments unless I enroll in
their Care Program by giving them $500 down and then access to my
checking account to pull $204 a month from. Then they reduce the
interest rate from 34.9% to 9.9%.Do I have to do this program or do
they legally have to accept me just sending checks in the mail without
giving them direct access to my checking account? Answer: First of all,
they are a 3rd party debt collector but regardless of who they are you
should never give them access to your checking account and banking
information.To be absolutely safe one should never pay debts to anyone
by giving them access to your banking information. Pay all debts by
Bank Certified cashiers checks so you have a receipt in hand for all
payments made.Mortgage payments, car payments, especially payments to
debt collectors, credit card payments and such should always be made
from bank certified cashiers checks, U.S. Postal money orders, or
prepaid debit cards in which you have to deposit the money first before
you can use the card. Never give your banking information over the
phone under any circumstances.Yes, I am aware that there are those
circumstances when that advice simply won’t work for some reason or
other but in general you should follow it to the greatest exten
possible. On the other hand you should never deviate from that advice
with a debt collector.But in fact you really should never pay a debt
collector a crying dime in the first place. Paying them just encourags
them to abuse those who know better than to pay them. Also, paying them
hurts your credit score much worse than not paying them so why do it?
Makes no sense at all.Do they legally have to accept your form of
payment? No, they don’t have to accept your payments by whatever means
you choose but if you can prove to a judge that you actually sent them
money by some acceptable means such as a bank certified cashier’s
check, U.S. Postal Money order and they refused to accept it and sent
it back to you I tend to think they would have an awfully hard time
trying to get a judgment. One never knows about that however.Nationwide
Credit Question: American Express has sent my account to Nationwide.
Nationwide says they won’t accept monthly payments unless I enroll in
their Care Program by giving them $500 down and then access to my
checking account to pull $204 a month from. Then they reduce the
interest rate from 34.9% to 9.9%.Do I have to do this program or do
they legally have to accept me just sending checks in the mail without
giving them direct access to my checking account? Answer: First of all,
they are a 3rd party debt collector but regardless of who they are you
should never give them access to your checking account and banking
information.To be absolutely safe one should never pay debts to anyone
by giving them access to your banking information. Pay all debts by
Bank Certified cashiers checks so you have a receipt in hand for all
payments made.Mortgage payments, car payments, especially payments to
debt collectors, credit card payments and such should always be made
from bank certified cashiers checks, U.S. Postal money orders, or
prepaid debit cards in which you have to deposit the money first before
you can use the card. Never give your banking information over the
phone under any circumstances.Yes, I am aware that there are those
circumstances when that advice simply won’t work for some reason or
other but in general you should follow it to the greatest exten
possible. On the other hand you should never deviate from that advice
with a debt collector.But in fact you really should never pay a debt
collector a crying dime in the first place. Paying them just encourags
them to abuse those who know better than to pay them. Also, paying them
hurts your credit score much worse than not paying them so why do it?
Makes no sense at all.Do they legally have to accept your form of
payment? No, they don’t have to accept your payments by whatever means
you choose but if you can prove to a judge that you actually sent them
money by some acceptable means such as a bank certified cashier’s
check, U.S. Postal Money order and they refused to accept it and sent
it back to you I tend to think they would have an awfully hard time
trying to get a judgment. One never knows about that however.
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This post is part of Blog Action Day 08 – Poverty 8 people chatting
Chris:
Hey is any one thier

I had a simple question regarding the Discovery phase
8/26/08 11:20pm me:
Yes, are you still there?
8/27/08 10:44pm error jabbify users settings

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Posted By Creditwrench to creditwrench at 8/28/2008 10:25:00 AM