Authorization Letter For Credit Investigation: Fill & Download for Free

When my friend’s bank account started accumulating large sums of money without her knowledge of how and why, she went to the bank manager and showed him her bank statement.They ran an audit on the account and said just continue on as normal and they would get back with her.So she did.This was back in the late 80’s when you paid everything with checks.All of her bills including rent, phone, and credit cards came back with bounced checks.So she went to the bank and angrily asked the same bank manager WTF. Her whole paycheck was in there and now she was in trouble for writing a dozen bad checks, her credit would soon be ruined and she would be kicked out of her apartment.The bank manager said. Sorry I can’t help you. Federal authorities froze your account and there is nothing we can do. The manager handed her the FBI agent’s card and shrugged his shoulders.So she called the FBI agent in charge and explained her situation, all of her money was tied up along with her wages, direct deposit and had several bad checks.The FBI told her sorry, we aren’t investigating you but your account is frozen until our investigation is complete. So make other arrangements.At least he was kind enough to put that in writing on FBI letterhead.So she had to open a new account at another bank, borrow money from family and friends, send a copy of her letter to all of her creditors, and struggle to make up for all of her locked up money.I felt terrible for her and lent her $200 to help out.Six months go by and she still hadn’t heard anything, she called the FBI agent once per month and still nothing.Finally she got a call asking her if she could help with the investigation.She was dubious at first but finally agreed if it would help get her back in control of her money.The agent met her at her bank, handed her $5000 in a bank envelope and a filled out deposit slip with a unfamiliar bank account number and asked her to go in during lunch to the only teller and deposit the money into an account that was unknown to her. Then leave the bank as normal and wait to be contacted.A couple of weeks go by and she received a letter from the bank letting her know her account is no longer frozen and her money is available and sorry for the inconvenience.Out of curiosity, my friend called the agent she was working with and he told her that a particular bank employee was embezzling money and moving it to fake accounts that she had set up herself. She would move the money from account to account stupidly thinking this was a good method of hiding her actions.Of course bank fraud and money laundering are serious crimes and the woman was arrested after the sting…they had to make sure it was actually that particular person as they were monitoring the accounts suspected of being fake and the ones she was using to hide the money.My friend did get the bank to send letters to her creditors to attempt to fix whatever financial damage was done but it couldn’t make up for the months of hassle and worry the theft caused.Needless to say, she closed that account.

Probably bc they're trying to hide their own information. 1st of all it's illegal to do that. I investigated a case involving a mother that illegally applied for credit cards under her daughter's SSN. Mother knew all of daughter's personal information. She applied for, received and maxed out credit cards. Her daughter contacted SSA (ME), O I.G. (Office of Inspector General). Daughter got mother arrested. Mother went to jail & had to re-pay all credit card companies bc she defrauded them & her daughter. I was the Senior Acct # clerk in my 1st job at SSA in NEW ORLEANS, LA. At that time there were only 5 separate Acct # offices in entire USA. AUTHORITIES FROM Main SSA Headquarters in WASH DC /BALTIMORE, MD SAID MY OFFICE WAS THE BEST RUN, ETC! It was rt down hall from the D.O. (district office) where I also worked as receptionist, clerk, mail duty, & other duties as assigned, etc. Congress needs to pass laws preventing credit card companies from using SSN as i.d. to establish credit cards. S. S. Numbers are for following things only:#1: paying F.I.C.A. taxes. That's SSA withholding either by employers from someones paycheck. Or someone that's self-employed, pays both employee & employers fica taxes to IRS#2: Filing IRS Tax returns & 1099s with IRSSSNs are never I. D. Not ever!I personally think that children should not file for a SSN until they start workingGetting back to original question, any1 be they parent or another individual, SHOULD ONLY APPLY FOR CREDIT CARDS UNDER THEIR info.. not their children's, etcI have heard horror stories. One lady who had just received her 1st SSN card in the mail... She was a legal resident alien. She came in yelling that there was fraud bc someone applied/used her SSN TO ESTABLISH A CREDIT CARD.. Way before owner of this SSN EVER APPLIED for her new SSN in my office in S FL. She brought in credit reports & insisted on requesting a new SSN Card. I explained to her that the person that used SSN B4 it was ever assigned to lady. I told her someone just made up an UNASSIGNED SSN & applied for credit cards under that SSN.I typed out a letter to her to give Credit card companies, etc. She was not going to get a new SSN NUMBER.

Axis bank is in news these days for the wrong thing. Axis bank has appointed recovery agents who do not understand RBI guidelines. They violate every single clause possible in order to recover money.In the below Axis bank recovery case of Mr. Pillai, Axis bank employee has gone extra mile to recover missed payments on credit card. This is what Banking Codes and Standards boards of India gives guidelines on Recovery of collection dues from their customer.We will post details of the recovery agency firms / companies engaged by us on our website.We will also make available on request details of the recovery agency firms/companies at our branches.Our staff or any person authorized to represent us in collection of dues or/and security repossession will identify himself/herself and display the authority letter issued by us and upon request display(ing) to you his/ her identity card issued by the bank or under authority of the bank.We will provide you with all the information regarding dues and will endeavour to give sufficient notice for payment of dues.We will have a system of checks before passing on a default case to collection agencies so that you are not harassed on account of lapses on our part.We will write to you when we initiate recovery proceedings against you.All the members of the staff or any person authorised to represent our bank in collection or/and security repossession would follow the guidelines set out below.7a) You would be contacted ordinarily at the place of your choice and in the absence of any specified place at the place of your residence and if unavailable at your residence, at the place of business/occupation7b) Identity and authority to represent would be made known to you7c) Your privacy would be respected7d) Interaction with you would be in a civil manner7e) Normally our representatives will contact you between 0700 hrs and 1900 hrs, unless the special circumstances of your business or occupation require otherwise7f) Your requests to avoid calls at a particular time or at a particular place would be honoured as far as possibleTime and number of calls and contents of conversation would be documented7g) All assistance would be given to resolve disputes or differences regarding dues in a mutually acceptable and in an orderly manner7h) During visits to your place for dues collection, decency and decorum would be maintained.7i) Inappropriate occasions such as bereavement in the family or such other calamitous occasions would be avoided for making calls/visits to collect dues7j) We will investigate any complaint from you about unfair practices by collection agents.Source ( BCSBI - Codes - Code of Banks Commitment to Customers - Collection of Dues )In the below case of Mr Pillai. Recovery agent Mr Siddhant Jorkar voilated point number 7c, 7d & 7e. Proofs (Images attached)Police complaint lodged copy (Image )I hope Axis bank takes severe action against the employee who go against RBI guidelines and brings goodwill of Axis bank down.#siddhantjorkar #Axisbank #recoveryagent #axisbankcreditcard #rbipolicy #mumbaipolice Axis bank Interaction id 193199536