What do you mean by freezing the co-debtors?

Freezing joint debtors means that in the case of joint borrowing, if one party fails to repay the loan within the time limit, the debt company or bank will take certain measures to freeze the accounts of all borrowers to ensure the timely repayment of the loan. In this case, all borrowers can't use their own accounts for transactions, and the accounts will be unfrozen only after the loan is paid off.

The main reason why banks or debt companies freeze joint debtors is to ensure the safety and stability of loans. When one party fails to repay the loan within the time limit, it will lead to the instability and risk of the whole loan plan. In order to prevent this risk, banks or debt companies take measures to freeze all borrowers' accounts to ensure the safety and stability of loans.

In the case of freezing the joint debtor, measures should be taken as soon as possible to simplify and solve the problem. First of all, we should collect the borrower as soon as possible and pay off the loan. In case of freezing the joint debtor, you should contact the debt company or bank as soon as possible to find out the specific situation and repay the arrears as soon as possible. Only when the repayment is paid off will the bank or debt company lift the measures to freeze the joint debtor and let the borrower resume the normal use of the account.