Subject: Can an Annuity payment from a personal injury settlement be
Fri May 21, 2010 1:51 pm
My husband and I are on Social Security Disability. My husband also receives an Annuity payment from a car accident and works part time and makes about $330.00 monthly. We have not been able to pay on our credit card bills due to high mortgage payments and other expenses. My husband also lost a 2nd job. Can the credit card companies garnish my husbands Annuity payment or take any of the money he makes at his part time job? I realize Social Security is exempt but I am not sure about the Annuity or the part time job.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.