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Can joint checking accounts be garnished for credit card debt in Maryland?
Wiki User
∙ 12y ago
It depends on who the garnisment order is against and how it is written. A joint account where only one person is the debtor can be garnished under certain circumstances. The difficulty in figuring out your situation, is not knowing where you reside. Each state legislates its own laws for garnishment of wages and bank accounts. If you live in a community property state, such as CA. and have a joint marital bank account, it can be garnished.
Wiki User
∙ 12y ago
Wiki User
∙ 17y agoA bank account cannot be garnished by any creditor if a wage garnishment is already in force. A wage garnishment is implemented before the employee receives wages owed, with the firs $154.50 (weekly based) being exempt from garnishment. Creditor judgments must run consecutively not concurrently. Joint accounts in most states are subject to levy depending upon how the account is established and the laws of the state where it is held. There are exceptions, if child support is being withheld from the person's wages then a creditor garnishment or bank account levy is possible. Other exceptions could be federal tax arrearages, state tax arrearages, child support arrearages and in rare cases spousal maintenance (alimony).
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If you close a checking account wll it hurt your credit score?
Checking accounts are not normally reflected on a credit report.
What financial institution sometimes call their checking accounts share draft accounts?
credit unions
Will closing your checking and saving accounts to open checking and savings accounts with another bank affect your credit rating?
No credit reports only report debt not assets. Checking and saving account information does not appear on credit reports so will not affect your credit score.
What institutions sometimes call their checking accounts share draft accounts?
credit unions
Does Second Chance Checking offer savings as well as checking accounts?
"As far as I can tell, second chance checking does not offer any savings accounts. They strictly provide checking accounts to individuals with less that perfect credit histories."
What financial institutions sometimes call their checking accounts shared draft accounts?
credit unions
Which of these financial institutions sometimes call their checking accounts share draft accounts?
credit unions
Financial institutions sometimes call their checking accounts share draft accounts?
credit unions
What are some methods for checking accounts for bad credit?
One method of checking accounts for bad credit is to do a credit check on the required company. One would need a couple of their creditors to call and verify payment history and missed payments. Many companies who offer credit to clients often check accounts in this matter.
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.
Does the person that cashed a returned the check get their credit affected?
Checking and sevings accounts have no effects on your credit. On both sides of the transaction
What services do Valley Credit Union provide?
A credit union often offers most of the same services that a standard bank offers. Credit unions often offer loans for the purchase of homes, vehicles, and other items. They offer bank accounts, checking accounts, savings accounts and investment accounts.
