loveamericana
Nov 11, 2009, 08:29 AM
I need to let some of my credit cards go into collections because of my decrease in monthly income. These are the creditors who weren't willing to make lower payment arrangements with me and are insisting that I make the required minimum payment. My question is this, can the delinquent creditors mess up my good record with the creditors that I'm paying on a regular basis? I'm concerned that they will contact my good creditors and force them to remove my limit?
Do you know how long after a credit card goes into collections before they start freezing my bank accounts? Is there a way to see if the account is frozen before I make deposits to it? If my direct deposit is a Social Security Disability but I make periodic deposits with cash, can the cash deposits be frozen?
I'm joint on a checking account with my father who is retired and the only deposits to the checking account are his pension and social security. Can this account be frozen because of my past due creditors?
Do you know how long after a credit card goes into collections before they start freezing my bank accounts? Is there a way to see if the account is frozen before I make deposits to it? If my direct deposit is a Social Security Disability but I make periodic deposits with cash, can the cash deposits be frozen?
I'm joint on a checking account with my father who is retired and the only deposits to the checking account are his pension and social security. Can this account be frozen because of my past due creditors?