Knowing how multiple garnishments work could be the difference between recovery and a major cash-flow issue. Getty Images/iStockphoto Borrowers are carrying more debt than ever right now, and it’s having a big impact on their overall financial health. Total household debt has climbed to its latest record high of over $18.5 trillion, and delinquency rates … Read more
A bank levy on an empty account may buy you a brief reprieve, but it won’t make the debt go away. OlekStock/Getty Images Household debt in the United States has climbed to record levels, with borrowers currently collectively carrying more than $18.5 trillion in consumer debt. As those balances grow, though, and more borrowers fall … Read more
If your bank account is frozen, the bills keep coming, and the consequences for missing them compound quickly. FrankvandenBergh/Getty Images Americans are currently carrying more debt than ever before. Total household debt surpassed $18.5 trillion in the final quarter of 2025, with credit card balances alone exceeding a total of $1.23 trillion nationwide, according to … Read more
Protected income offers important safeguards, but it doesn’t necessarily make you untouchable to creditors. Twomeows/Getty Images Americans are carrying record levels of debt right now, which has caused an uptick in payment delinquencies, compounding interest charges and other issues for borrowers. Credit card rates also remain elevated at over 21%, on average, making it tough … Read more
Police have arrested two more people over an attempt to place a homemade explosive device outside the Paris headquarters of Bank of America, the French domestic security service said Sunday. One suspect was arrested on Saturday morning while attempting to place the device around 3:30 a.m. The Bank of America headquarters is near the Champs-Élysées, … Read more
Bank of America has agreed to pay $72.5 million to survivors of Jeffrey Epstein’s sex-trafficking operation who allege the bank enabled and profited from his crimes. The lawsuit, filed last year, alleges that the nation’s second-largest bank provided banking services to Epstein and his sex-trafficking operation, along with accounts used by victims and associates — … Read more
French police stopped an apparent bomb attack outside a Bank of America building in Paris early Saturday, sources told the Agence France-Presse. A man was arrested as he was about to set off a homemade explosive device. Police grabbed the man just after he placed a device, made of nine pints of liquid, believed to … Read more
Bank of America has reached a $72.5 million settlement in a lawsuit that alleges the financial giant helped facilitate the sex trafficking operation of convicted sex offender Jeffrey Epstein, according to court documents filed Friday. The lawsuit was filed last October in New York federal court on behalf of alleged victims of Epstein. It claims … Read more
The rules around disability income and bank levies are more complicated than many people realize. Dragon Claws/Getty Images Rising credit card balances and climbing delinquency rates have had a big impact on the collections environment recently. With average credit card rates still hovering above 21% and household debt sitting at record levels, more borrowers are … Read more
All it takes is an unpaid debt and a judgment to trigger a bank levy, but you still have rights during this process. Pla2na/Getty Images Falling behind on your debt payments is stressful enough, but the credit damage and late fees that can come with it are hardly the only repercussions you may face. In … Read more