bank account levied

Submitted by Anonymous (not verified) on Fri, 03/26/2010 - 11:31

In NC can bank accounts be levied after a judgment? I have a credit card debt and I know that there is no wage garnishment for CC debt. I know this that accounts can be levied for taxes and child support but can they be for credit cards? Though there is no judgment against me as of now, I fear that I will get sued. What can I do? I don't have much money to make the payments.

Hi Dedalus,

Whether or not bank account can be levied depends on the state laws. As far as I know in North Carolina, the creditor is required to serve a Notice of Right to Claim Exemptions before he can levy the bank account of the debtor.

However, you can try to negotiate a settlement with the creditor. Debt settlement lowers the outstanding debt amount by 40-60%. Thus, it gets much easier to pay. Rather than allowing the creditor to drag you to court and levy your bank accounts, you can try for the settlement.

Hope this helps.



Fri, 03/26/2010 - 12:35 Permalink