Can Banks Take Money From Checking Account To Pay Loans?
Posted by PF Guru on 18 May, 2010
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This item was filled under [ Personal Finance, Saving ]
Can a bank take money from your checking/savings account to pay off your loans? An Atlanta couple were surprised to have their Wells Fargo checking account emptied by the bank in order to pay back a student loan. The bank deducted $4,059.82 from the checking account, which was originally a Wachovia account, to put toward the $10,000 [...]