Tip - What Happens When a Checking Account Is Garnished? | LIVESTRONG.COM

If you have an unpaid debt to a credit card company, to the state or IRS, you could have your checking account garnished. Creditors commonly use two methods to obtain money from people in default on their loans and credit cards: Wage garnishment up to 25 percent and checking account garnishment. When a checking account is garnished, a collection...