Can a credit card company garnish a savings in my sons name and I am on it to?

Question

Can a credit card company garnish a savings in my sons name and I am on it to?

Answer 1

Normally NO!, I would read your contract which should outline collection practices and state regulations for collections.  I find it hard to believe that Credit Card Company can garnish your sons/your savings.  First they need the Account number, or at least a court hearing, one which you have to attend in most states.

If you gave them that information then yes I guess they could garnish the savings.

Federal Credit Cards have just about the harsh's collection practices I know of and they can not take form savings or checking.  They could take form my checking but I have to send them a check and they place a statement on my bills which states "All check payments received grant us the right to process the check electronically.  Also, you returned check may be collected electronically if it is returned for insufficient or uncollected funds"  Basically stating they can process numerous checks as often as they want.  So when I send them a payment I simply send them a money order and save the stub.

Don't let them bully you, report false information and take advantage of you.  Dispute Charge off if the information isn't correct.

(great thumbs down for actual answering a question.) Just trying to help.Good luck

Answer 2

The answer would vary depending upon your states laws.

If this is a "joint" account, you would have to prove what funds were deposited by you and are your funds, these can not be garnished.  Only funds deposited by your son are garnishable, but once again, it would be determined by your states laws.

Contact your state attorney generals office to find out more.

Hope this answers your question

LEGAL DISCLAIMER:  The advice contained herein is for informational purposes only.  It is not to be construed as Legal Counsel nor Legal Advice.

Answer 3

sure they can and your paycheck....happened to me

Answer 4

If you and your son are named on the account, they you are equally responsible for paying the amount owing. '

Obviously you are in default and from the card company's perspective they don't care which one of you is at fault, they just want their money back. I suggest you pay the account ASAP, close it and don't open anymore accounts together.

Answer 5

Yes they can, if the credit card belongs to your son or either you and if you never paid it off, eventually they will catch up to you and get a record of all your accounts that you have in your name regardless of it being a joint account. As long as its in his name they can care less who is tide in with it. If you think about it, they can do that being that they are entitled to their money, i know it really sucks. this same incident happened to my boyfriend where we never paid chase credit card off so a few weeks ago they emptied out his checking account and froze his account until he paid off the balance. is like just when you think they forgot about you, they just come out of no where years later and hit you with a whammy.