People often ask me how to get a refund when a flight goes belly-up. Belly-up covers drama from Sandy or that Nor'easter-when airlines are the ones canceling flights-to you falling ill and scrubbing your own trip.
It may be that the company placed a block â or a hold â on your card for the estimated total of your bill. Merchants use blocks to make sure you have sufficient funds to pay your bill. If youâre near your credit limit or you have a low balance in your bank account when a block is placed, your card could be declined for additional purchases. To avoid surprises at the cash register, ask your card issuer and the merchant if they use blocking.
How To Stop A Bank LevyLearn what a bank levy is and how to protect yourself from one. A bank levy occurs when a bank account is frozen because a creditor is trying to get the debtor to repay debt. A bank levy can occur due to unpaid taxes or debt. The IRS uses bank levies the most, but other creditors can use them to force repayment of debt.