Leading Edge Recovery Solutions is the CA that bought my Sears account. They offered to settle for $867 but I do not have the money. They now offered to set up 12 monthly payments of $123. I do not have a problem paying since this is my debt. The only problem is that they want my bank account or debit card info. I will not give them my husband’s and my joint bank account info, but I do have a checking account I opened about a year ago, but I never use. I was planning on depositing only the payment amount each month to cover this settlement. This account does not have overdraft protection so they can’t over charge or charge multiple times. My bank will not pay it.
Do you think my bank account will be safe if I choose to pay with this debit card. It is not linked to my husband’s and my checking account that we do use and have payroll direct deposit.
I think that sounds like a grand idea and one that minimizes your exposure. In fact I’d have to say your approach is brilliant and should be a great solution.
Please post your responses and follow-up messages to me on this in the comments section below.