Can a credit card company empty your bank account if you don't pay?

Answer

If you allow a creditor to deduct a payment of X amount of dollars, the creditor will most likely deduct that amount.

If an account is 'past due' and a debtor gives a creditor a number to do a check by phone, the creditor can withdraw the amount of money owed which can cause the debtor to become overdrawn.

You may be able to make a case, stating that you did not authorize that amount but while fighting this your account can still remain overdrawn.

So if you have a past due account, make the payment by money order or cashiers check just to avoid this occurence from taking place.

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First answer by Christina Athens. Last edit by Christina Athens. Contributor trust: 322 [recommend contributor]. Question popularity: 55 [recommend question]

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