Credit card judgement lien on bank accounts?

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Michelle
 
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Credit card judgement lien on bank accounts?

Postby Michelle » Wed Aug 03, 2011 1:29 pm

Does anyone know if a credit card company gets a judgment (let's say for $10,000) and they put a lien on ones bank account for less than the entire amount?


Neva
 
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Postby Neva » Fri Aug 05, 2011 5:01 am

I think laws in your state dictate what a creditor can and cannot put liens on. Not sure about California.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Thu Aug 25, 2011 12:54 am

I'm not sure but another member on here, DoingHomework, seems to have good insight when it comes to these types of topics. If he reads this I hope he replies.

Being that liens can be put on many types of propery/assets, if I had to guess I would say that a credit card judgment for a lien on a bank account would be possibly, though that is only an assumption on my part and not facts. It will vary from state to state either way.
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ooxs
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Postby ooxs » Fri Aug 26, 2011 3:57 pm

Yes, they can do that. You can't stop or reverse lien. This lender has a judgment against you; and that means:
They can seize property or assets including bank accounts. Without your knowledge/approval they can subpoena local bank for accounts you own.
Very common, File a lien against real estate property.

Some states do have restrictions / Limitations but with the amount you estimated, I recommend you get with a free consulting attorney.



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