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If you pay one dollar a day can the credit card companies freeze your account?
Tootaboo
They can, if you decided on your own to pay this way and didn't work it out with them. You are asking them to use their money to cover your debt, in exchange for an agreed-upon schedule of re-payment. If you change the amount you pay per month, you are out of compliance and they can take steps to correct the situation.
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∙ 16y ago
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Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
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.
Can they freeze your child account if you are on it?
It depends on how you are "on it". If you are a joint-account owner, then yes they can freeze that account. If you are listed as the guardian of the child (therefore the account is in the child's name, but you control the account) then no they cannot freeze it.
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 collection agencies freeze your savings account?
No, collection agencies do not have any right to freeze your savings account. Only banks have the right to freeze your account but depends on the nature of the default.
Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
Can a credit card company freeze your account with them without notice?
yes they can, if is up to them
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.
Can a freeze be put on your checking account when only you are behind in your personal credit card debt?
yes
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 card company freeze your bank account?
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.
Can a credit union in Arizona through which you had a credit card freeze your bank account?
If the bank is the one that has the credit card, they can associate the card with the account. This might be a violation of regulation E. However if the bank and the card issuer are not the same, they have to get a judgment and then go to the bank with that.
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.
Can they freeze your child account if you are on it?
It depends on how you are "on it". If you are a joint-account owner, then yes they can freeze that account. If you are listed as the guardian of the child (therefore the account is in the child's name, but you control the account) then no they cannot freeze it.
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 collection companies freeze bank accounts?
Yes, a collection agency can freeze your bank account, but only under certain circumstances. A freeze can only occur after the collector obtains a judgment. They would have to go to court to get the judgment against you.
Who can draft a bank account besides authorized companies?
Drafting of bank accountThe IRS and if there is a judgment due to a lawsuit a "freeze" can be put on.
