Legal Question in Credit and Debt Law in California
A collection agency/law firm has asked that I supply them with a financial statement regarding my monthly expenses before they would be willing to
"settle" my outstanding debt. If I supply them with copies of my checks, I'm fearful they would then not only know where I bank, but have my account number. Do they have the right to see my account information and or, take money from my account? They have no legal judgement against me at this time that I am aware of.
1 Answer from Attorneys
It is natural for them to want to verify your claims regarding ability to pay. You are right, however, that you are under no obligation to provide them access to your accounts until they have a judgment against you and begin collection proceedings. The simple solution is to black out identifying information before sending them anything. We call that "redacting" the document.
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