Could debt collector legally withdraw money from my bank account?

I want to provide an immediate family member with a credit card, under my account, for limited use. This person is, however, in debt. Will the debt collector be able to legally withdraw money from my checking account?

Could debt collector legally withdraw money from my bank account?
No - nobody without a court order can take money from your account without your permission. And collections can't get a court order against you for someone else's debt.
Reply:If a direct debit facility is put in place or a court ordered garnishee - then yes.





The bank can also use its TOS to decant money from one account in credit to another account in debit.





Don't do it.
Reply:don't do it.
Reply:no they can't. accept they already makes agreement about that, like auto debit. other ways no one able to touch money in your account. there is an privacy statement that gives you right in this circumstances.
Reply:Not unless the debt collector had access to your account and your permission. Credit Cards are generally not associated with your checking account unless it is a debit card.





Why would you want to give someone a credit card when they clearly have a problem with debt?
Reply:Speaking from personal experience and some stories I've heard from others, allowing anyone else to use your credit is just opening yourself up for a lot headaches or possible trouble. I am currently signed up with BBB associated debt relief company, and being VERY careful about who can access your personal info is critical. I personally would say, if you set up this credit card for a family member, be absolutely sure that YOU ARE THE ONLY ONE who will be allowed to make changes to the account. (EX: credit limit increases or adding other users). Unless you sign a document or give specific authorization to the debt collector can't withdraw money from your acct. but they can report negative credit issues to the credit bureaus under your name.
Reply:never lend money unless you never expect to get it back.


but never ever lend money to someone being chased by a debt collector.


never give credit card to anyone. once it's in their name you will never get it back. bank will not close account. you will be stuffed. read all the small print. ask a lawyer.


don't do it!
Reply:You are responsible for whatever the secondary cardholder charges to your account, but a debt collecter cannot withdraw funds from your bank account without your express permission. It's not like we're talking IRS here.





But "captured" asked you a very good question: Why would you want to give someone a credit card when they clearly have a problem with debt?