Can a credit card company take funds from an account that is under someone else’s name but which I’m authorized on?

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Can a credit card company take funds from an account that is under someone else’s name but which I’m authorized on?

The credit card company won a judgment against me and the funds were taken from my friends account that I’m authorized on.

Asked on June 16, 2011 under Bankruptcy Law, Texas

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 10 years ago | Contributor

Here is the issue: your name was on the account.  Although I donot know in what capacity you are in the account for and why, the fact that you are listed on there is all that matters.  What you are going to have to try to do is to go to the bank and file something that will allow them to stop the garnishment.  An exemption.  You are going to have to state that the account has going in to it no funds of yours at all and prove that.  I am unsure that this will work but you need to try.  Otherwise your friend has to close the account and open a new one without your name on it.  Preferably at a different bank.  Good luck to you. 


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