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As mentioned above, they absolutely can. Which is why I have my credit cards and credit line at banks other than the one housing my checking/savings accounts, and investments. I have no debts and don't intend to default on anything, but I do not want to expose my assets to a potential situation where I am disputing a credit card charge that's not mine and instead of reversing the amount, they sell a stock from my brokerage account.
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Yikes
How many years does the bank have to do this? Last payment send to Visa was in 2002, bank wrote debt off in 2003. Took money out of my account in 2010. Can they take money after 8 years? Thought this would be stats barred. Does the debt following you around with the bank forever?
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no, the debt likely has been sold off to collection agencies, so they are no longer on the bank's books. that however, does not stop them from having internal notes in their system about you that may be used against you if you decide to apply for another credit product from them.