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  1. #1
    showdog Guest

    Automatic debit to my bank account instead of cashing my check

    What is the name of your state? Georgia

    The finance company that holds the loan on my RV sent a message in their last bill that said payment by check would be considered authorization to electronically debit my bank account, plus they would keep my check! Can they do this? The finance company is a national company headquartered in Minnesota, and I am in Georgia. This is going to cause me extra work when balancing my bank statement.
  2. #2
    I AM ALWAYS LIABLE is offline Senior Member
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    Re: Automatic debit to my bank account instead of cashing my check

    Originally posted by showdog
    What is the name of your state? Georgia

    The finance company that holds the loan on my RV sent a message in their last bill that said payment by check would be considered authorization to electronically debit my bank account, plus they would keep my check! Can they do this? The finance company is a national company headquartered in Minnesota, and I am in Georgia. This is going to cause me extra work when balancing my bank statement.

    My response:

    Start using Cashier's, or American Express, checks. Do not let anyone have direct access to your accounts. Creditors have a way of becoming over zealous when they have permission to debit accounts. Always maintain control over your own money.

    IAAL

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