Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #931417

Complaint Review: Academy Bank - Internet

  • Submitted:
  • Updated:
  • Reported By: semantic — Highlands Ranch Colorado United States of America
  • Author Not Confirmed What's this?
  • Why?
  • Academy Bank PO Box 3400 Internet United States of America

Academy Bank Garnished income without notice Internet

*Consumer Comment: Is This What You Are Saying?

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

I was a co signer on an account that was closed at Academy bank.  The bank then transferred the balance owed to my active banking account without notice to me.   When I discovered the debt in my account I contacted them.  The collections department "Sherry" promised me a pay arrangement after I had made my current account current so that I could have some of my direct deposit pay to use to live on.   Well my pay was direct deposited, and they took the entire amount.  I have called several times to resolve the matter.   They give me the run around, telling me to go the branch, the branch tells me to call the collections department.  One branch told me to take out a loan to pay off the debt, I was declined.. so then that branch set up a pay arrangement but still no resolve.  They refuse to talk with me, they hang up on me tell me people arent there I am not rude or abrasive there is no excuse for this behavior from a bank customer of theirs since 2005.

This report was posted on Ripoff Report on 08/23/2012 08:21 AM and is a permanent record located here: https://www.ripoffreport.com/reports/academy-bank/internet/academy-bank-garnished-income-without-notice-internet-931417. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
1Consumer
0Employee/Owner

#1 Consumer Comment

Is This What You Are Saying?

AUTHOR: Jim - (USA)

POSTED: Thursday, August 23, 2012

You co-signed a bank loan. You have a checking account at the same bank. The other person on the loan walked out on their responsibilities and stuck you with the account. (Nice friend!). The bank then took money out of your checking account to pay the loan. Is that what happened? First, this is NOT a garnishment action. To "garnish wages" the lender must first file suit against you and obtain judgement. What has apparently happened here is the bank exercized its "right to offset" procedure which allows then to seize money in any accounts owned by the borrower when the borrower is in default of the loan. As a co-signer on a loan contract, you are just as much on the hook as is the other person. The "right to offset" provision would have been written in the paperwork you received when you opened the account. When you agreed to having the account, you also agreed to "right to offset".

Respond to this report!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now