Posts Tagged Social Security

Can a Creditor Freeze Your Bank Account for Unsecured Credit?

Despite your best efforts to pay your bills, an illness or job loss can sometimes find us in debt over our heads, and we are unable to pay all of our bills. When you default on a secured loan, like a mortgage or a car loan, the lender can take back the property by foreclosing on the home or repossessing the car.Despite your best efforts to pay your bills, an illness or job loss can sometimes find us in debt over our heads, and we are unable to pay all of our bills. When you default on a secured loan, like a mortgage or a car loan, the lender can take back the property by foreclosing on the home or repossessing the car.

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