Being Liable For Another

David goofed up while trying to help his daughter dealing with a collector, and he needs Dave's help fixing it.

QUESTION: David is trying to bail his daughter out of a financial mess. All of her debts went to one collector, and he is trying to get all the debts taken care of because she’s applying for a loan. Something about that, and a mistake on his part, sends Dave’s alarms blaring, as he discusses.

ANSWER: You gave them YOUR checking account number?! The problem is that it’s technically wrong for them to take money out of your account that you have not authorized. Now, the problem is you have given authorization and they may very well do that. Talk to your banker about putting a block on any electronic access to your account for 30 days, and call these people and tell them you’ll be mailing them a cashier’s check overnight. You’ve given them permission to withdraw from your account, and now you’re taking that permission back.

David is trying to bail his daughter out of a financial mess. All of her debts went to one collector, and he is trying to get all the debts taken care of because she’s applying for a loan. Something about that, and a mistake on his part, sends Dave’s alarms blaring, as he discusses.