| Author |
Message |
|
Options 
Bookmark online
|
dragon.carol
Joined: 12 Jan 2010
dragoncarol's page
Posts: 2
49 Magic Points
|
|
Subject: Can the bill collectors take my hushands pension
|
|
|
Tue Jan 12, 2010 5:04 am
|
|
|
| Ask credit questions ...I have been laid off from work for 18 months , My husband is getting social security, and i,am also. I pay into cobra, and not to long ago i went into the hospital the bill was over $14,000 I have been trying to send everyone what i can, but it is getting harder to pay my credit card bill. We own nothing. If we stop paying our credit card bills can they take his pension away? I realize they can not freeze our social security, or my unemployment. but can the take his pension? Should we stop having our checks put in the bank with direct deposit, or at less his pension check? Any advice you can give me will be help full. Thank You |
|
|
carol
Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California
29555 Magic Points
|
|
|
|
|
Tue Jan 12, 2010 9:11 am
|
|
|
Hi dragon.carol
I understand it is difficult for you to pay your bills being with earning from SS and pension. However, I would not suggest you to stop paying because, not only will you get sued for that by the creditor, it will also ruin your credit report and as a result your score. I would rather suggest that you speak with your creditor and explain your situation to him. Tell him why it is difficult for you to pay him the money and ask him for a loan modification.
Well, no creditor will be willing to go for a loan modification and will try to get the money out of you as soon as possible. But, be a little patient and try and convince the creditor. You may not be successful in your first attempt but keep making them (mind you do not irritate them, just try to put forth your situation). Tell them that even with your financial conditions you are trying very hard to pay them back.
Before you approach your creditors, draw a budget for yourselves. Gather your finances and calculate how much you need for yourself and how much you can afford to pay your lender each month. Based on this calculation make your offer to the creditor and do not default on that. If the lender agrees to modify your loan, then get everything in writing. Let us know if there is anything more that you would like to ask.
_________________
Keep in touch
Carol |
|
|
John Johnson
Guest
|
|
Subject: National Health Care
|
|
|
Sat Jul 03, 2010 9:19 am
|
|
|
With the National Health Care passing through congress, doesn't it prohibit hospitals or collection agencies from attaching your SS or pensions?
I'm in the same predicament as the lady above. I was in the ER for about two hours and got a bill for thirteen thousand dollars. The doctor and radiologists billed me separately.
I asked them to send me an itemized bill for what all they did for me in those two hours. I've yet to hear from them.
I just don't have any money and don't know what I'll do if they start to take my pension away. If I start to work again, Social Security will take away some of my benefits.
I now see how and why older folks were so protective of their finances. I'm now one of them.
Thank you
John |
|
|
