Can a creditor take money out of my bank account?

0 votes
asked Sep 27 in Credit by Norveaio (230 points)
Can a creditor take money out of my bank account?

1 Answer

0 votes
answered Sep 27 by Gracy (27,040 points)
Yes if you have a checking or savings account at a bank then yes the creditor can take money out of your bank account to pay back the debt owed.

But first the creditor has to take you to court and sue you and win a judgement and get the judges permission to levy your bank account.

Without the court ordered Levy then the creditor can't simply remove money from your bank account without your permission.

10,795 questions

11,343 answers

35 comments

259,438 users

...