I am asking for my dad he is retired and the only income he has is his ss check. He has a credit card that he can’t afford to pay for and is afraid that they will freeze his checking account. Can they do that
Since it is only one creditor to deal with then he might be able to weather the collections activity. Your father should tell the credit card company and any collector that calls that he has no assets and only get a social security check. The company will recognize that they can’t go after that.
I’d say 50% of the time, in that situation, the creditor will back off. Sometimes people refer to the situation of someone living only on public benefits and having no assets as “judgment proof” since the benefits could not be garnished in case the creditor won a lawsuit.
When you father tells the creditor or collector, he should not use the term “judgment proof” as his excuse not to pay. He should just be polite, explain the reality of his situation and wish them a good day.
If your father has a lot of money in a checking account, stocks, or some other assets then they could be at risk if the creditor did a little digging. That would be a different situation.