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Your credit card with Bank of America is in default can they garnish any bank acct you have or just if the bank acct is held with Bank of America?
Wiki User
∙ 14y ago
Generally speaking they doe have access to your Bank of America Savings or Checking account to collect any due payments. You can find this in you true and savings. the information about the account and rules and regulation. It's fairly rear that any bank would have access to your account at another bank. So the bank will then go to a collection agency to try to retreave any amount that is owed. Hope this helps.
Wiki User
∙ 14y ago
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Can a credit union garnish your pay?
If you owe a debt to a bank they can seek a petition from the court to garnish your wages.
Does Bank of America do payday loans?
Bank of America will do a cash advance with your Bank of America credit card. Direct Deposit and Check Cash Advances from Bank of America essentially transfer funds from your Bank of America credit credit into your Bank of America bank account. There is no limit, as long as it does not exceed your total credit limit on your credit card.
Do credit recovery firms need a court order to garnish bank?
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If a student loan was obtained 15-16 years ago can they put it back on your credit report for default and can they garnish your joint bank account if no money has ever been paid?
Do you never return what you borrow?
What types of credit card Bank of America offers?
What type of credit card Bank of America offers
Can a co-signer ask the bank to repossess the property covered by the loan?
No. Repossessions are costly. The bank will simply require the co-signer to pay the loan if the primary borrower is in default. If there is a default it will be reported on the credit records of both persons.No. Repossessions are costly. The bank will simply require the co-signer to pay the loan if the primary borrower is in default. If there is a default it will be reported on the credit records of both persons.No. Repossessions are costly. The bank will simply require the co-signer to pay the loan if the primary borrower is in default. If there is a default it will be reported on the credit records of both persons.No. Repossessions are costly. The bank will simply require the co-signer to pay the loan if the primary borrower is in default. If there is a default it will be reported on the credit records of both persons.
Can a creditor levy your bank account in Texas and how do they find your bank account?
Yes your bank account can be levied for a credit card debt in texas. They CANNOT garnish your wages but they can levy your bank account if they sue you and get a default judgement. I found this out the hard way. My husband had stopped paying on a credit card in 2006 and we received a notice 12/2009 that they were suing him but was not aware of what they could really do besides put it on his credit. They froze every account with his name and social attached to it.
Can banks or building societies default you for a bank account and put this info on credit reports?
I'M NOT SURE ABOUT BUILDING SOCIETIES, BUT I KNOW THAT BANK ACCOUNTS THAT ARE IN DEFAULT WILL APPEAR ON YOUR CREDIT REPROT. TAX LIENS, JUDGMENTS WILL ALSO APPEAR ON YOUR CREDIT REPORT.
Is a credit card needed to sign in to Bank of America?
No, a credit card is not needed to sign into Bank of America. One can have a checking account, a savings account, or other business with Bank of America without having a credit card.
Where can one do some credit default swaps?
"If you wanted to do some credit default swaps, there are definitely many places to do that. There are areas such as the internet. There are also places where you can do it, like the bank."
Can a creditor garnish your bank accounts in Fl without notification?
The only way your bank account can be garnished--is if there is an court order. If they took you to court and receive a judgment against you, yes they can garnish your wages. Also, if you were summon to court but did not show up, it will be judgment by default and your wages and bank account can be garnised.
What is devolved letter of credit?
A letter of credit is said to be devolved when the bank has to pay to the seller of the goods when the purchaser is in-default.
