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Your dad has a checking account in which he put you on so you can pay the bills if you have a credit card judgment against you can the take money out of this account?
Wiki User
∙ 14y ago
First. There are two answers to your question which are also questions: The first one is, "can you?" The answer is yes. The second one is, "Should you?" The answer is, "Ask your father." What is the understanding between you and your father?
Frequently, a second person is put on such an account for the purpose of writing checks in case the first person becomes incapacitated. The second person is not given carte blanche. However, if your father had told you to go ahead and take any of the money for any reason you needed it, then there would be no reason not to pay off your credit card bills.
My son has my power of attorney. If I become incapacitated, it would be a simple matter for him to start writing checks to pay my bills. I did not tell him to use my money for any other purpose although he could. If i am lying in the hospital with another stroke, I will need someone to write my checks.
Wiki User
∙ 14y ago
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Can a credit union account be frozen because of a judgment?
Yes
Can you get a bank account at a credit union with bad credit?
Most credit unions will allow anyone that is eligible for membership to open an account. It depends on what they use to verify a checking account when opened as to if they will allow you to open a checking. Some use a credit report and some use chexsystems, ews or telecheck
If the original credit card issuer sells a defaulted account can the purchaser of that account obtain a judgment against the debtor account holder?
Yes. Once an account has been sold it becomes the property of the collector/collection agency that buys it. The collector can then file suit against the account holder debtor for the amount owed and if a judgment is awarded against the debtor it can be enforced in whatever way allowed under the laws of the debtor's state to collect the debt that is owed.
A share draft account is another name for a checking account in what type of financial institution?
credit union
If you default on personal credit can a lien go against a business checking account?
Depends on how your business is set up - sole proprietor, corporation, limited partnership, etc.
Can a credit card issuer access a personal checking account to pay an account that has been written off?
If there is a valid judgment against the account holder, the judgment creditor can levy the bank account to recover the monies owed according to the terms of the judgment and the laws of the state in which the account is held.
What are some of the obstacles with getting a bank account with bad credit?
It can be hard to open a checking account if you have had a bankruptcy court judgment or bad credit against you. Some banks like NatWest will let you open a Step Account where they track your record for a period of time, then let you move up to a regular account with checking.
What are your legal rights on garnishments on a checking account for unpaid credit dept?
none if your creditor has a judgment on you and a writ to do so
What is the difference between a checking account and credit card account?
checking from bank fund & credit card prepaid by credit
Where can I Open A Checking Account without a credit check?
You can open a checking account with badcreditnic.com. The do no check your credit.
If you have a joint checking account in Michigan can a credit card company freeze the account?
Yes, if a creditor wins a lawsuit and is granted a judgment, said judgment can be enforced as a bank account garnishment. A joint account (even a marital one) is subject to attachment to the extent of the debtor's share.
How does a credit card account differ from a checking account?
A credit card account comes with a credit card, which can be used to authorize purchases of any value. The checking account does not come with a credit card and is used for issuing checks.
What is a checking account at a credit union called?
what is a chekcing account at a credit union
How do you get a checking account with bad credit?
Credit scores have nothing to do with checking accounts. Unless you've had major overdraft issues with a previous checking account you will have no problems opening a new one.
If you close a checking account wll it hurt your credit score?
Checking accounts are not normally reflected on a credit report.
Does having a checking account improve your credit score?
No, a checking account is not correlated to your credit score. The only reason why you have to give your social security # is to prove that you have no outstanding debt with any other banks. ______________________________________ Actually, there is a correlation. Having a checking account doesn't improve your credit score, but you can be accepted or denied an account based on it. If you have bad credit, or no credit, you may be denied from a variety of bank checking accounts. I was told by my lawyer it does improve your credit if you keep your checking account in good standings he said the bank report it monthly to the crdit bureaus thats just what i was told
Should interst earned on a checking account be added to the checking account balance?
There is a way to earn interest on a checking accounts and can be added to the account. You will have to back through a credit union.
