A creditor may place a bank levy on your account to collect on an unpaid debt. With a bank levy in place, your account will be frozen until the creditor takes the money you owe directly from your ...

John Egan is a veteran personal finance writer whose work has been published by outlets such as Bankrate, Experian, Newsweek Vault and Investopedia. Daphne Foreman is a former Banking and Personal ...

According to Erica Sandberg, a consumer finance expert at BadCredit.org, if that outcome happens, however, don’t panic — there are some immediate steps you can take. It Shouldn’t Come as a Surprise ...

A. It’s a great question. The answer starts and ends with how you title the account. If the account is going to be in your grandchild’s name and Social Security number, then the assets should be ...

Q. I was notified by a county sheriff that my Roth IRA was levied and a creditor is pursuing it in New Jersey state court for liquidating or garnishment. This was from a lawsuit filed against by ...

Having unpaid debt can be overwhelming, but letting it go to the point of collections and beyond can lead to serious consequences, like having your accounts frozen by a creditor. Find Out: Fidelity ...

A. It’s a great question. The answer starts and ends with how you title the account. If the account is going to be in your grandchild’s name and Social Security number, then the assets should be ...