AboutShane Expertise Hello, my name is Shane. I currently work at a financial institution in customer service and sales. I am able to answer most questions you have regarding banking products and services, how to use them, and what products may benefit you best. I can also help you to weigh the risks of various types of savings vehicles such as questions pertaining to CDS, money market accounts, etc. Feel free to ask and I promise I will do the best I can to answer.
Experience Customer Service and Sales call center experience. Assists in training new hires for customer service. Well versed with FDIC policies, banking compliance laws, and a wide variety of product knowledge.
Organizations American Association of Medical Assistants
Education/Credentials High School Graduate and Medical Assisting Diploma
Awards and Honors Significantly exceeds expectations annual review from the bank I presently work at
I wonder how, exactly, creditors are able to find any bank accounts a person might have?
Do they merely search for a person's social security #, or name, or both? Do they request information from every single banking institution in the country - or mostly the larger banks in the same state?
I have been told different things, and am curious what your experience is.
ANSWER: they link it by your social security number and confirm it with the name on the account
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QUESTION: OK, thanks. But do they really check with every single bank and every obscure little credit union in every state?
Answer They do not check with every bank and credit union. They have a system they use that goes by your social security number. Places do report when they initially open an account to you to something sort of like a central database. When a creditor goes to garnish they run your social security number, they then check with those financial instituions to see if the accounts are still open and if so they will place a garnish on the account. This is called a "skip tracing" method. The systems each creditor uses varies, one of them is called LexisNexus.
