How long does a creditor freeze an account?

Answer by  zuidlaren (53)

Until payment of outstanding amounts as well as accrued interest and fees have been settled in full by the person .

Answer by  patti (29325)

An account is frozen for a variety of reasons, but generally the purpose is to stop activity on the account until there is a resolution of a problem. By freezing an account, the creditor encourages dialogue with the debtor, which goes a long way to resolving the matter. The account can be frozen indefinitely.

Answer by  AnjoBanjo (271)

A creditor can freeze a banking account after they have a judgment on you in a court of law. This usually takes time for them to do. Once they have the judgment they can then go back to court to discover assets which may be a checking account. If the judge approves they can put a lien on the account.

Answer by  2525252 (717)

The creditor freezes an account for as long as until the payment is made. When the payment is made then you are able to access your account again. So just pay up.

Answer by  tamarawilhite (17883)

If a creditor freezes an account, the account is frozen until the dispute is resolved or the creditor lifts the freeze.