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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.

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โˆ™ 2005-11-08 00:28:21
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Q: If you have a joint checking account in Michigan can a credit card company freeze the account?
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Related questions

Can a credit card company garnish your checking account?

Not without a court order.

Where can one get a bad credit checking account?

You can get a bad credit checking account online at online Credit Agency companies such as Experian. You can also visit your local bank and they can look at getting a credit checking account for you.

Where can I Open A Checking Account without a credit check?

You can open a checking account with The do no check your credit.

What is the difference between a checking account and credit card account?

checking from bank fund & credit card prepaid by credit

What is a checking account at a credit union?

what is a chekcing account at a credit union

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.

Should I provide my checking account information to qualify for a new credit card?

In the age of identity theft, it is hard to tell what you should give to a credit card company and what you should not. If you don't feel comfortable giving the credit card company your checking account information, then you shouldn't. Most credit card companies base your approval on a credit card via your credit score. If the company seems fishy or pushy about getting your checking account information, then you should tell them politely that you aren't interested and try going with a brand of credt card that you know and trust.

What is the journal entry in purchasing software?

If you are a company and purchasing software for the company then the entry would be a credit to the checking/cash account and then a debit to an expense account.

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.

Checking account with a bank that you also have credit card with Can they garnish your checking account without you knowing?


If you close a checking account wll it hurt your credit score?

Checking accounts are not normally reflected on a credit report.

What is a checking account at a credit union called?

Share draft account

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.

My checking and savings account have been frozen by a credit card company. My husband's name is not on this debt but we have a joint checking account. Can they take all of our money?

If it is a joint account, they can take the funds in that account. Depending on which state you live in, there are different exemption rules. In Michigan, they can take all the funds, even if the account is joint, as long as it has your name on it. If your husband had an account with his name only (which is what you may want to set up immediately), then they could not take those funds. Your husband is not legally responsible for your credit card debts if your name is the only name on the credit card. Check with your state's laws regarding collection and exemptions.

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

How will it affect your credit score if lender requires you to have checking account so they can withdraw payments from each month?

Having a checking account has no effect on your credit score. Bouncing your checks has a big effect on your credit score.

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

When a company mistakenly withdraws money from your checking account how long to they have to credit it back to your account?

Generally just a few days but in some cases it can take up to 7 -10

What is an electronic card that is directly connected to a checking account know as?

Credit card

Can a credit card company freeze a checking account of a diabled person?

No creditor can freeze anyone's assets without court authorization--disability or not.

What steps can you take to build a sound credit rating?

Start with a job, Open a savings account and save regularly, Open a checking account and manage it carefully, and Apply to a local department store or a gasoline company for a credit card.

What credit card can you get with no job or checking account?

None. Even secured cards require a specified balance in a checking account, before they are granted.

Does poor credit affect getting a checking account?

Not usually. Unless it includes NSF charges. It may affect the terms and charges though, for period of time. Actually, I was turned down for a checking account at Bank of America because my credit was poor, so that is not true. It can effect you getting a checking account. It just depends where. I have to go to a credit union to get an account.

Can you be on a joint checking account with bad credit?

You can be, although it will be undesirable to the person you're sharing the account with.

How can you make the credit card company reopen an account and remove 'closed by credit grantor' from your credit report?

You can't MAKE a credit card company reopen an account. You can call the credit bureau and request that they change the status to indicate that is was closed by you and not the credit grantor. Or, you can simply put a notation in your credit report stating that the account was closed by you and not the card company.

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