Banks that receive garnishment orders from debt collectors generally freeze customers’ accounts. This triggers overdraft, bounced-check and other fees that the bank then withdraws from the customer accounts, which has included Social Security and veterans benefits.
Archive for April, 2010
The FTC is trying to educate consumers about what practices are illegal and what they can do about them.
Consumers who are behind on payments and owe debt have rights that are protected by the Fair Debt Collections Practices Act and can get compensation for each violation of the FDCPA.