QUESTION

Can collectors do any of these things?

Asked on Jul 30th, 2016 on Collections - New York
More details to this question:
Take money out of a credit card that is still active? Especially if the card was issued as a 2nd card from someone elses account? and Can they garnish my safe deposit box and seize any valuables in there?
Report Abuse

1 ANSWER

Debt Collection Attorney serving Garden City, NY
4 Awards
By definition, a credit card does not have money "in it", although you could have a credit balance.  If the amount of those funds exceed $2150, then that could be restrained if the card is under your SS#.  Your safe deposit box can be restrained, and can be opened pursuant to a court order.  Whatever is in the box could be sold and the proceeds could be applied to the judgment debt.  
Answered on Aug 01st, 2016 at 12:42 PM

I do NOT know you. I am NOT your lawyer. For more information, please feel free to visit my website or schedule an appointment. nathansonlaw.com

Report Abuse

Ask a Lawyer

Consumers can use this platform to pose legal questions to real lawyers and receive free insights.

Participating legal professionals get the opportunity to speak directly with people who may need their services, as well as enhance their standing in the Lawyers.com community.

0 out of 150 characters