i dont have much in my bank account, but i cant afford to lose it all! help
2007-10-24 08:51:57 · 5 answers · asked by latingal23 1 in Business & Finance ➔ Credit
can they just take a percentage per month? or do they wipe out my account in one day?
2007-10-24 11:53:12 · update #1
You've obviously got a judgment against you. They will freeze the account and generally take it all out. If that doesn't satisfy the obligation, they will continue to pursue you. They take smaller sums when they are garnishing wages. I would contact the law firm that filed a suit and try to work out payment arrangements. Yeah, I guess you could go around and hide your money as someone else suggested, but this doesn't go away. If you ever want to have a checking account, an automobile, a home, etc. get this taken care of.
2007-10-24 13:34:11 · answer #1 · answered by CHRIS V 3 · 0⤊ 0⤋
Someone has to have taken you to court and received a judgment against you.
After this is done, they can attach bank accounts, garnish wages (if your State allows it) and file liens on any property you may have to pay the judgment.
If this is what has happened, withdraw all money from your account A.S.A.P. and do not put any more into your account until the judgment is paid.
2007-10-24 15:58:17 · answer #2 · answered by ? 7 · 1⤊ 0⤋
You owed money to someone and didn't pay it back as you promised you would, so they took you to court and the court is taking money from your bank account to satisfy the loan.
Basically they are enforcing the loan document.
You most likely will have some taken from your wages as well.
2007-10-24 16:01:33 · answer #3 · answered by Perplexed 5 · 0⤊ 0⤋
they garnish whatever you owe the bank to keep from losing it all put in what you owe and open up another bank account or savings account somewhere else
2007-10-24 16:19:08 · answer #4 · answered by queenie j 1 · 0⤊ 0⤋
They are going to take money out of your bank account to satisfy the debt.
2007-10-24 15:57:44 · answer #5 · answered by bdancer222 7 · 0⤊ 0⤋