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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Question Date:  7/7/2020  9:27 PM
Author:  aj485 Number:  312871 of 312938

Does Chase freeze a brokerage account with them if you don't pay your credit card

Not sure if they can freeze your account, but they can take your money. Banks have what's called a right of offset, where they can take money from your deposit (checking/savings) accounts to pay for credit cards. They generally have to get a court order to do this, so it may take a few months. But it is possible.

I would strongly suggest that you consider selling assets from your brokerage accounts, rather than defaulting on your credit cards.

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