If I have a student loan with a private lender that went into default, is it legal if they took money out of my savings account to pay it off?

If I have a student loan with a private lender that went into default, is it legal if they took money out of my savings account to pay it off?

I have my savings account with the same company that holds a private student loan of mine that went into default. They took (without warning or notice) all of my money in my savings account to go towards paying the loan and they refuse to give that money back. Do I have any recourse to get this money back?

Asked on March 3, 2012 under Bankruptcy Law, North Carolina

Answers:

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