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Credit Card Debt Collection issues with overdue or defaulted credit card debt.

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Old 03-22-2006, 08:38 AM
bobolong bobolong is offline
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Default Seizure of Finances After a Credit Card Judgement
I am about to have a credit card judgement against me from Providiian Credit Card Company, ( the company that was taken to court and found guilty of not posting payments even though they recieved them on time). I am wondering if they can get to your investment/stock accounts, and seize money that is in your investment/stock accounts and take that money legally and apply it to your judgement for a credit card debt. ???? ANy help on this is greatly appreciated.. Thanks
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Old 03-22-2006, 01:41 PM
aaron aaron is offline
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Default Garnishment of investment accounts to satisfy a judgment
It depends upon the nature of the accounts. For example, a personal investment account would normally be fair game; an ERISA-qualified 401K account would normally be exempt.
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