Can a creditor take away money from my mother’s account?

Can a credit card company withdraw money from my mother’s account? I have joint account with my mother. I don’t have any money in that account. I am only the joint account holder. My mother does not owe any debt. So, logically a credit card company can’t take away any money from her account. The credit card company has been threatening to file a lawsuit against me for a long time.

3 Answers

Yep, but it's the law.  If your name is on the account, they can take it.  The only funds that are exempt from seizure are social security, disability, etc.

 

If you don't like it, take your name off your mom's account.

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.

But I don't have a penny in this account. My mother should not suffer because of me. This is unethical. 


Your name is on the account so the creditor can seize anything in that account.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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