If you are being sued and have not answered your complaint, the chances are that the creditor got a default judgment against you. What this means is that they will legally be able to come after your bank account and wages by garnishing them.

If you have a default judgment against you, or are in the middle of a lawsuit where you think you are going to lose, the only way of protecting your bank account is by closing it or putting it in your husband’s or wife’s name only.

It is fairly easy for a collection agency to freeze your bank account as long as it is done legally and they have a judgment in hand. To be safe, close your accounts and use cash. Use money orders to pay your bills, consider a prepaid card, and have your checks deposited into the card account.

To avoid a judgment click here for step-by-step instructions.