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A credit card company cannot freeze your bank account. However, it can sue you in court for any overdue balance. If the credit card company is successful, the court will issue a judgment lien that the creditor can use to freeze your bank account and seize any money you have on deposit. In fact, the judgment lien can be used to seize any assets you own to satisfy the lien.
Wiki User
∙ 10y ago
Wiki User
∙ 15y agoNope, unless your bank is the one you have your credit card with and even then if you send in writing to the company a request to contact you before debiting your account for a disputed charge to your account. Hope that helps.
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Can a credit card company freeze your bank account after a garnishment is ordered even if your credit card was not with that bank?
Yes, that is the way a garnishment works. When the credit card company sues you for non-payment of debt, they win a judgment. The judgment can be a garnish on your paycheck or your bank account. It makes no difference who you have a bank account with if they were awarded the garnishment by court.
Can a mortgage company freeze a bank account after foreclosure?
No
Can a company freeze your bank account?
Directly - No. Through a court order to freeze your assets - Yes
How does a company get your bank account information?
Credit report?
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 a credit union in Arizona through which you had a credit card freeze your bank account?
Yes, a credit union in Arizona could potentially freeze your bank account if you have a credit card through them and have outstanding debts or unpaid balances. However, they would likely need to go through a legal process and obtain a court order before taking such action. It's important to communicate with the credit union to resolve any issues before it escalates to this point.
How soon after you stop paying credit cards can your bank account be frozen?
This seems highly unlikely. I think only the IRS has the power to freeze a bank account.
Should you give your bank account number to your credit card company?
no
What is the past tense of you freeze the bank account?
You froze the bank account.
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 can I stop the charge when I can't recognize that charge in my credit card account?
Contact your bank or credit card company.
Can they freeze your bank account for credit card debt in New Jersey?
Only a court of law by issuance of a Order of Garnishment or Levy can freeze a bank account. Any credit card company or debt collector making such threats are breaking the law, and you're entitled to damanges for their actions. I would google "FDCPA attorney new jersey" and get paid! I have no respect for a collector or agency that breaks the laws and lies to debtors!
