Creditors and debt collectors have various ways to try to collect on loans or debts you might owe them. Of course, they'll most likely make phone calls and send collection letters. But some creditors can also record a lien against your property, levy your bank account, garnish your wages, or repossess your car or other personal property.
It's important to know when creditors can use these collection measures, whether the law places restrictions on their activities, and what you can do to avoid losing your property.
How Do Judgment Creditors Find Your Property?
If you have a money judgment against you, the creditor has various ways to find your assets and then collect against them.
How Creditors Enforce Judgments
Learn about the many ways creditors can collect on judgments.
If you miss payments on a bank loan, beware. The bank could take money from another account to cover the payments.
Can the IRS take my tax refund for child support arrears?
If you owe child support arrears, the IRS might take your tax refund.
Can a creditor freeze my bank account?
Find the answer here.
Can a Debt Collector Call Me at Work to Collect a Debt?
If you tell a creditor not to call you at work, it will violate the law if it continues to call about a delinquent debt.
How long does a creditor have to collect on a judgment against me?
How long a judgment against you lasts depends on state law. But creditors can renew judgments, so you may be on the hook for a long time.