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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.
Is it possible to transfer money from my Venmo credit card to my bank account?
No, it is not possible to transfer money directly from your Venmo credit card to your bank account.
Can you transfer money to a credit card?
Yes, you can transfer money to a credit card by making a payment from your bank account to the credit card account.
What does cash in the bank mean?
It means you bank account is in credit, you have money to spend.
Can I deposit money into my credit card account?
No, you cannot deposit money into a credit card account. Credit cards are used to borrow money from the card issuer, not to deposit funds like a bank account.
Can attorney place levy on bank account from default judgment unsecured credit account in the state of Texas in which the debtor lives?
Yes, in Texas, an attorney can place a levy on a bank account as a means to enforce a default judgment on an unsecured credit account. This levy allows the attorney to collect the specified amount owed from the debtor's bank account to satisfy the judgment.
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.
Is it possible to transfer money from my Venmo credit card to my bank account?
No, it is not possible to transfer money directly from your Venmo credit card to your bank account.
Deposited money in bank is cr or dr?
When you deposit money into a bank account, it is considered a credit transaction. This is because you are increasing the balance in your account, which is a credit to your account. From the bank's perspective, they are also increasing their liabilities by owing you that money, which is recorded as a credit on their books.
Why is the balance as per bank statement on the bank reconciliation statement a credit if its a favorable balance but in the bank account the credit means you owe the bank money?
The Debit and Credit on a bank statement reflect the Bank's accounting records, not yours. So when you deposit money into your account, the bank owes you that money to you - it is a liability for them, therefore a credit entry. Similarly, if they charge you a bank fee, it reduces their liability to you, so they would Debit your account (on their books) and Credit an Income account.
Can you transfer money to a credit card?
Yes, you can transfer money to a credit card by making a payment from your bank account to the credit card account.
Does amazon accept money from bank account?
Yes, Amazon accepts money from the bank account via the credit cards.
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.
What does cash in the bank mean?
It means you bank account is in credit, you have money to spend.
Can I deposit money into my credit card account?
No, you cannot deposit money into a credit card account. Credit cards are used to borrow money from the card issuer, not to deposit funds like a bank account.
When you add money to your bank account is it debit or credit?
It's a credit. When you take money out - it's a debit.
What is direct credit?
direct credit is money transferred from 1 bank account to another.
