Can a credit card co. take money from your bank accts.

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Can a credit card co. take money from your bank accts.

personal acct. with your s.s.# bussines acct. with federal id#

Asked on May 20, 2009 under Bankruptcy Law, Virginia

Answers:

J.V., Member, New Jersey Bar / FreeAdvice Contributing Attorney

Answered 12 years ago | Contributor

It is difficult to answer your question without more specific information. In short the law usually applies as such: a creditor can freeze your bank account and remove the funds up to the amount of a judgment in many states. I do not know your states specific laws on this topic but assuming VA allows bank accounts to be frozen in order to do so the creditor must first have a valid judgment against you

If there is no judgment than they cannot do anything of that sort. If there is a judgment you should contact whomever it is with to try and set up a payment plan to ensure this does not happen


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