What to do about a bank account levy
If a creditor taps your bank account, you have a few options to protect your money.
Katherine Peach has been a personal finance writer since 2007, with a focus on investing, saving, budgeting, and paying off debt.
— Katherine Peach
Katherine Peach has been a personal finance writer since 2007, with a focus on investing, saving, budgeting, and paying off debt. However, she didn’t always intend to write about money — she graduated from the University of Maryland, Baltimore County with a degree in Ancient Studies. (Unearthing smart money ideas isn't such a bad career alternative to being an archaeologist!) In her spare time, she enjoys DJing, making miniature art, and spending time in the forest.
Katherine Peach has been a personal finance writer since 2007, with a focus on investing, saving, budgeting, and paying off debt.
— Katherine Peach
If a creditor taps your bank account, you have a few options to protect your money.
Debt settlement is a risky way to lower debt but could be a good last resort.
A bank levy typically happens when other attempts to collect from you have failed.
There are some debts you can’t get out of if you declare bankruptcy.
Learn what a debt collector is and how one can impact you.