Asked in Debt CollectionBankingLiens
Debt Collection
Banking
Liens
Can collection agencies tap a personal bank account?
Answer

Wiki User
May 11, 2010 9:23PM
Yes! Creditors can garnish a personal checking account. As long as the creditor has the checking account info they can garnish a checking account.
Related Questions
Asked in Credit and Debit Cards, Debt Collection, Banking
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.
Asked in Debt Collection, Banking, Commercial Bank and Checking Accounts
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.
Asked in Credit and Debit Cards, Credit Reports, Debt Collection
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.
Asked in Banking
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.