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Answered 2010-05-11 21:23:32

Yes! Creditors can garnish a personal checking account. As long as the creditor has the checking account info they can garnish a checking account.

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Is it legal for a creditor or debt collection agency to access a bank account for debt collection?

To access to bank account as such, no. But if the debtor agrees to have ACH for payments, then the creditor or collection agencies can withdraw funds, or depending on the state laws a Judge can authorize to garnish wages from the bank. Find laws that apply to the debt in the resources box


If the bank charged off the account and send a 1098 form to the IRS can the bank later sell the account to the collection company?

Banks can sell debts to collection agencies at any time. The write off was likely done after the sale anyhow, and the 1098 was for the amount of money the bank lost overall.


Is bank account perosnal account?

yes bank account is personal account


Can collection agencies take money from a personal bank account?

Yes, if a collection agency files a lawsuit and is awarded a judgment against the debtor. In the majority of U.S. states a judgment can be executed against bank accounts even those held jointly. The exception would be a marital account held in Tenancy By The Entirety (TBE) when only one spouse is the judgment debtor.


Can collection agencies freeze bank accounts containing social security and retirement funds?

Collection agencies can not freeze anything. Only courts can freeze bank accounts.


Is bank account a real account in accounting?

No bank account is a Personal account in Accounting


How does a creditor know where and what bank account to freeze?

The banks send your information to the major credit reporting agencies. In order to freeze your bank account the creditor must obtain a court order to collect on a debt from you. With that court order they can get your account information from the bank to process the freeze/collection.


Can collection judgment freeze your bank account?

Yes, a collection judgment can freeze a bank account. A court order is required. If a bank account is frozen, it cannot be used until the debt is paid.


Can a collection agency freeze my bank account?

They can't freeze the account initially. First, they must try to collect the debt from you. Then, they can sue you if you do not pay. If they win a judgment against you, they can freeze the bank account. Sometimes collection agencies sue people for debt that is not their or that is past the statute of limitations. Learn your rights by reading up on the FDCPA.


How does a personal bank account work?

you have to have money then you must put it into a bank then you have a bank account.


Is bank account is real account or personal account?

It is Personal Account and Cash A/c is actually real account.


Can a collection agency freeze a bank account in Pennsylvania?

Collection agencies do not and cannot freeze accounts in any state. Only the courts can do this. However, if a lender has a valid judgment against you for a bad debt, any collection agency they hire to recover it can serve your bank with an order of garnishee and attach the assets in the accounts you have there.


Is a bank account tangible personal property?

Yes. A Bank account is the personal property of the person who owns and operates the bank account. It will be considered an asset for the account owner. Anything that has a monetary value and belongs to someone is called an asset. Since a bank account is worth as much money that is in the account and belongs to a customer, it is the personal property of that person.


Can the collection agency freeze your bank acct in Fla?

No. A collection agency can not freeze your bank account. Only a judge could do that.


Is bank account is personal or real account in golden rules of accountancy?

see first tell me wat is bank overdraft..... its is real or personal... ans.personal...every bank a/c is personal a/c.. and though bank is payable or receivable its is personal a/c only....


Is a bank a personal account?

If you apply for a personal account, yes. There are many account types available each with their own perks.


Can collection agency put a lien on your bank account in sc?

It is possible for the collection agency to put a lien on your bank account. Before they can do this, they must go through the proper procedures first.



What is closing account?

It means to close you bank account by personal reasons.


Where can I find information about opening a business bank account?

You can go to your bank where you have your personal bank account and talk with the manager or someone that works there. They can get your started on opening a business bank account.



If you owe the bank money do they take your tax refund?

No. Usually a bank will send your debt to a collection agency. Most collection agencies don't have the authority to garnish your tax refund.


How can you get a personal loan without a bank account?

You cannot. Banks usually expect an auto-debit instruction from a bank account for the monthly payments for the loan. That can happen only if you have a bank account and so you cannot get a personal loan without a bank account. Banks would ask you to open an account if you want a loan with them.


Bank account debt collection?

I have a charged off account at the bank of 146.00 how do I pay that off when I'm unemployed I have a charged off account at the bank of 146.00 how do I pay that off when I'm unemployed


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