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Can Social Security and retirement income be garnished?

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doobie bob
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Subject: my social security retirement
 
Posted on Thu Sep 16, 2010 12:19 am  

My wife losing job due to layoff next feb/mar. 2011.
i had big credit card, due to trying to start on-line business, did not work. i got another 0 interest card, & paid it on the old account, which i had them close out, & they kept old intr. rate 9.9 for me. I am 69 yr. old retiree, & wife will be 63 next mar. My 2 cards are unsecured, & only in my name. will my wife have to pay them, if I pass on??
Aaron

Aaron

Joined: 08 Feb 2010
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Posts: 2632



48565 Magic Points

Subject: social security retirements
 
Posted on Thu Sep 16, 2010 10:45 am  

Hi doobie,

This will depend on the state laws you live in. If your state is a community property state, both the spouses are held responsible for the debt incurred by the other. In that case she may have to pay your debts after your expiry.

It will also depend on whether or not you have any assets. Your assets can be used to pay off the debts. This too will depend on the state laws.

Thanks,

Aaron
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Iowealot



Joined: 18 Sep 2010
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Posts: 2



0 Magic Points

Subject: Garnishment of SSI and SS by unscrupulous debt collectors
 
Posted on Sat Sep 18, 2010 12:42 am  

I going to give you all some good advice. I have been on the internet for about 2 weeks now, reading and researching debt collection agencies, their tactics and how to deal with them. First, do not assume that CA's are afraid of the FDCPA. They are not! They break the law as naturally as they breathe. They do not care about the FDCPA.

Now, advice. If you only get SS or SSI as income and you can't pay your credit card debts, close your bank account, asap! Get your funds on a debit card or get a check mailed from the government. The government has many people thinking that direct deposit is the only way to get their money. This is not true!

Next thing is this. Any collection agency can get a summary judgement against you, freeze your bank account and take all your money even though there are protected funds in the account even though this is illegal. Why? Because the collection agencies and the banks are criminals without scruples or compassion for poor people. The bank will charge you a fee of $100-300.00 just for freezing your account, so they don't give a damn about FDCPA because they are making a lot of money complying with a court order. The judges write summary judgements against creditors even if the debt has not been validated. There are even scam agencies that make up fake debts and go to the court, get summary judgements, scare people into paying money they don't owe. You will have no clue that anyone is trying to collect a debt from you. Sometimes you might get a letter and you might send a DV request and they don't respond. Next thing you know, your bank account is empty. Wake up people of America. The CEO's of banks make billions of dollars in salary. They have us all brainwashed to think we have to have a bank account. I just closed my bank account yesterday and have stopped my social security direct deposit and will now get my check on a debit card. So. GOOD ADVICE if you get only SS or SSI and owe people money...CLOSE YOUR BANK ACCOUNT!!!!!
Iowealot



Joined: 18 Sep 2010
Iowealot's page
Posts: 2



0 Magic Points

Subject: Freezing bank Account with SS income direct deposit
 
Posted on Sat Sep 18, 2010 3:02 am  

Before I made the decision to close my bank account, I went to Bank of America and asked them about the freezing of bank accounts with only SS. The bank representative said if they get a court order as a result of a summary judgement, they will freeze the account. There is no protection. Close your bank account if you are dealing with debt collectors. It will take some time and will cost you money to obtain access to your money. And then the agencies sell delinquent accounts from one to another, creating zombie debt. And many of the agencies do not care about statues of limitations. Read some of these posts. It's scary.
Cecille aus M
Guest






Subject: due for retirement and credit card debt
 
Posted on Sun Sep 19, 2010 10:10 am  

I want to retire my health is weakening but i have to pay my credit card debt. what should i do so i can just pay the principal and not the huge accumulated interest?
Deborah
Guest






Subject: Credit CArd Payments
 
Posted on Mon Sep 20, 2010 5:38 am  

I am Sri Lankan and the Bank has now asked me to pay up a payment of Rs. 55,000/- to close the account. They had gone to court, but I did not attend court. They say that they can direct my wages to the credit card account. I have asked them for time, but they say they cannot and they are insisting that I pay up this money. i am in the process of getting my provident fund money and if this cheque goes to the bank can they take the entire amount?
Aaron

Aaron

Joined: 08 Feb 2010
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Posts: 2632



48565 Magic Points

Subject: debt payments
 
Posted on Tue Sep 21, 2010 11:00 am  

Hi Cecille,

Quote:
what should i do so i can just pay the principal and not the huge accumulated interest?
I think it is better for you to settle the debts. Debt settlement will lower your outstanding debt amount by 40-60%. However, settling your debts will hurt your credit.

Deborah,

Laws on debt collection are different in different countries and even states. So, I think you need to check your country and state laws on debt and bank accounts. Also, check the terms of the bank and your original contract with the bank.

Thanks,

Aaron
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disable & broke
Guest






Subject: go after ss
 
Posted on Sat Sep 25, 2010 10:37 pm  

i can no longer pay credit card bills, can they go after my social security disability.
Aaron

Aaron

Joined: 08 Feb 2010
Aaron's page
Posts: 2632



48565 Magic Points

Subject: social security disability
 
Posted on Tue Sep 28, 2010 10:48 am  

Hi disable & broke,

No, Social Security Disability is non-garnishable under the Federal Law. However, you need to check your state's garnishment laws.

Thanks,

Aaron
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F. Martinez
Guest






Subject: Bank acc. garnishment
 
Posted on Sat Oct 02, 2010 10:49 am  

I check my bank acc. contract and say that they can and will grant garnishment from any curt order including levy. My bank acc. is only for my pension check. Is this is true?
daena
Guest






Subject: Law Suit
 
Posted on Sun Oct 03, 2010 6:51 am  

My mother resides in the state of California. She is being sued by Capitol One and constantly is receiving phone calls from other creditors. She did not respond to the summons and is scheduled for a hearing in the month of December. She is on a fixed income SSI and has direct deposit. What should she do? She does not have the means to make payments unless Capitol One agrees to $10.00 payments. She owes on other credit cards as well. Not sure if she should file bk or just go to court. If she goes to court being on ssi what could happen? Thanks.
Lamar
Guest






Subject: SSD
 
Posted on Fri Oct 08, 2010 2:41 am  

My SSD check is deposited in my saving account and then transferred to my checking account. Can a credit card company take that money to collect on the suit they brought against me because it is in the saving account.
Sandra
Guest






Subject: Interest on credit card
 
Posted on Mon Oct 11, 2010 12:33 am  

Can a c c company continue to add interest and then continue to bill me for it after it was settled and paid in full to the collection agency representing the cc company?
Joyce
Guest






 
Posted on Wed Oct 13, 2010 5:48 am  

my mom is 81 yr old, only ss and small pension monthly. she cannot pay credit card bill any longer. owes 23000. she inherited a mobile home recently can they put a lien on this home
Nicole90018
Guest






Subject: Can Credit card agency take my car
 
Posted on Tue Oct 19, 2010 11:52 pm  

I was just issued a summons that my credit card company is suing me. I dont work. I recieve SSi benefits for my son. I own my car. Can they take my car and the SSi benefits from my checking account? I was thinking of transferring the title of my car out of my name into someone elses. Lets say my mother. Is that a good idea? I live in California. on the summons it stated they want to charge 10% from 2005 until now. But isnt there a 4yr limitation? Or does the 4 yr start from when they filed?

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