It is your checking account. How could they prove that you shut it down to not pay them. They also would have to spend thousands of dollars in court fees to toss you in jail. They ain't going to do that over $300. Work with them now to pay back the principle on your terms. Don't listen to their threats and visit endpaydaydebt.com to educate yourself on your rights!
It is your checking account. How could they prove that you shut it down to not pay them. They also would have to spend thousands of dollars in court fees to toss you in jail. They ain't going to do that over $300. Work with them now to pay back the principle on your terms. Don't listen to their threats and visit endpaydaydebt.com to educate yourself on your rights!
No, you can't. It's contract law. You could be sued civilly, in an attempt to obtain a legal judgment against you. If the loan place prevails, they would then attempt to collect by a writ of execution, typically in the form of wage attachment or seizing of any bank accounts. There is a statute of limitations, varying by state, as to how long from the original date of default (the deadline you missed for payment) they have to file their suit against you. Depending on the amount involved, again (probably) varying by state, the claim might be relegated to small claims court. S.C. Paralegal Sciences major, Kaplan University.
If a bank account is frozen, it can be closed by visiting the bank. A person can also close their bank account by calling the bank and speaking with a representative.
You can close a bank account by visiting your bank branch and providing your identification. you can submit a written request to close the account and surrender your check book, ATM card etc. Once the bank is satisfied with all the requisite formalities, they can close your account and pay you the money you held in your account.
A bank account can be closed only by the individual who holds the account. He/she needs to visit the bank and sign the account closure form in order to close their bank account. No one else can do that. But, if the account holder has given the legal power of attorney to another individual, he can act as a proxy for the customer and close their bank account.
One of the disadvantages to having a offshore bank account is that you have to choose your jurisdiction carefully. Another disadvantage to having a offshore bank account is that its much more difficult solving issues with your bank account.
The disadvantage of having a bank account is that one day your bank might go bankrupted also there are time your bank account may be frozen.
The disadvantage of having a bank account is that one day your bank might go bankrupted also there are time your bank account may be frozen.
how to close Sib bank serving account
no pleas close my account
Withdraw all money from the account and give an account closing letter to Bank.
No they do not close your Checking or Savings account
To "Hold" a bank account is the same as having or owning a bank account. If one has a savings account, they hold that account.
It the account is left inactive for a long time with no money in it they may opt to close the account.