Answer: Although unethical collectors (yes, there are ethical collectors out there) threaten to take your money, doing so without your permission requires a court order!
However, it happens more often than people realize. When it does happen, you’re dealing with an unethical collector who uses a variety of methods to steal your money. Some of their favorite methods include getting you to authorize post-dated checks or automatic account withdrawals and then withdrawing more than you authorized.
You have certain rights and protections when money is taken out of your account without your permission or in an amount different than your permission. Such actions may violate the Fair Debt Collection Practices Act and also violate your rights under the Electronic Fund Transfer Act. If this occurred, you may be entitled to monetary damages and free attorney representation. Learn more.