There are a few important things to know if you're worried that a debt collector could freeze your bank account. Getty Images

With credit card balances topping $1.2 trillion nationwide and payment delinquency rates climbing, the financial pressure is mounting quickly for millions of Americans. And, as sticky inflation lingers and interest rates remain high, it's becoming even more difficult for many cardholders to pay off what they owe. So, for many, what may have started as a missed payment or two is now spiraling into debt collection calls , late fees and ongoing credit score damage.

But when you have debt in collection, it's not just the barrage of calls, extra fees or the hit to your credit score that can disrupt your finances. In some cases, the fallout can be much m

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