can your bank account be siezed if you owe a school loan
2006-09-21 11:56:48 · 4 answers · asked by eca1094 3 in Business & Finance ➔ Personal Finance
Student loans never die. If you get a default judgement-- or a judgement against you-- they can freeze your accounts when you're 30 or 90.
2006-09-21 12:22:14 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Depends on if that loan was taken from the bank where your banking account is held at. For instance, you have a checking account at Citibank as well as a student loan from Citibank.
If its a Gov't loan, make sure your payments are not late, because that will heavily affect your credit score.
2006-09-21 19:02:26 · answer #2 · answered by Candace P 2 · 0⤊ 0⤋
If you have defaulted and a judgement is issued against you, yeah.
2006-09-21 19:04:12 · answer #3 · answered by loon_mallet_wielder 5 · 0⤊ 0⤋
yeah, probably especially if you were supposed to start paying it off and you havent yet and its been awhile. you have to start making payments 6 months after you graduate.
2006-09-21 19:05:56 · answer #4 · answered by flutterflie04 5 · 0⤊ 0⤋