Thread: bank account frozen

My neighbor's bank account was frozen. She came over Tuesday telling me about it. I have never heard about something like this before. This is what she told me. They had a credit card they owed $4000 to. They negotiated with the company that they would pay a certain amount each month but it was less than the amount that the minimum but they did agree. I think she said it was $100 a month they would pay. The credit card company raised the interest rate to 29%. She said this eventually made the $100 not even enough to pay the interest each month. They now owe this credit card company nearly 8 thousand because of interest. They were still getting harrassed by the company and she told them she was paying the $100 like they had agreed on but the lady said that doesn't even pay the interest now and my neighbor said that is all I can afford to pay. The credit card company froze their bank account. The sheriff served them papers before the bank got the notice to freeze the account so they went to the bank and took what little they had out and left $8. Then he got his automatically deposited salary check changed to go to him instead of the bank. It is making everything very very inconvenient for them but the credit card company didn't get but $8. She has not figured out yet how they are going to cash his company check because the closest bank of the kind his company uses is 65 miles away. Has anyone ever heard of this before? Maybe someone who works at a bank can tell me more about it. Thanks.