Tag Archives: social security

The Judge Said Being on Social Security Was Not Enough of a Reason to Dismiss Creditor Lawsuit: “Dear Steve, Old bank secured line of credit loan – already went to court – judgment against me for debt – judge said being on SS is not reason enough to dismiss – was actively working until I had a triple-bypass 5 years ago – haven’t been able to work since then & due to [...]
Check Your Social Security Benefits Online: Nice little story out on the Public Citizen blog today that had a link to the new Social Security online portal to check your social security benefits. Apparently the Social Security Administration is not going to send out the paper statements any more but you can login to check on your benefits and salary history. [...]
Social Security Administration Wants Their SSI Overpayment Back. – Penny: “Dear Steve, I am in serious financial trouble and need some advice. My family and I have been served a social security overpayment notice for the amount of close to $16,000. The ssa is going to be cancelling my son’s disability and I am trying to work on a payment arrangement with them. As I [...]
Will Baby Boomers Have Enough to Retire?: It’s no secret that the housing bubble and recession of the last four years has caused financial heartache for many of us. One group that has been especially hard hit is the baby boomer generation. For years boomers have believed that they would retire in their mid-sixties and enjoy their golden years playing golf and [...]
Fraud Scheme Related to the World Trade Center Site Clean-Up: A trucking company’s owners have been indicted on embezzlement, tax evasion and million dollar fraud charges related to the World Trade Center site clean-up. A thirty-one count indictment was unsealed in federal court in Brooklyn this month charging trucking company owners Gerardo P. Fusella and Vincent J. Fusella, Jr., with crimes including embezzlement, mail fraud [...]
Commonwealth Temporary Services Owner Sentenced For “One Of The Most Egregious Tax Evasion Schemes”: It was announced on October 26, 2011 that Michael Powers, former owner of Commonwealth Temporary Services, a temporary employment agency, has been sentenced to seven years in prison in “one of the most egregious tax evasion schemes” the sentencing judge had ever come across. The former temp agency apparently ran a $30 million under-the-table payroll [...]
Adult Baby Continues To Receive Social Security Benefits – Fraud Allegations Dropped: Stanley Thornton, Jr. was featured, not too long ago, on an episode of National Geographic’s television show, “Taboo” where his life of living as an Adult Baby was showcased. When I first came across this news story I immediately thought of an episode of CSI I had seen once of an adult man living his [...]
True Cradle Robbers – Stealing Credit From The Cradle: It’s often not a parent’s first thought to check the credit report of their minor child, however, it may now become a necessity. Not because a child may fraudulently be using credit without their parents’ knowledge but because scammers may have stolen their unused Social Security number and identity. The Better Business Bureau (BBB) put [...]
I’m Living on Unemployment and Social Security But In Debt. – Tom: “Dear Steve, I am out of work and collect unemployment from florida. I also took social security at age 64 to get buy on. My wife works but will retire in Feb 2012. After all our bills not credit cars are paid we haveroughly 1200.00 left We have about 26000 in credit card debt.The excess [...]
We Live on Social Security Alone and Can’t Pay Our Creditors. – Bogey: “Dear Lewis, My wife & I are on SS and have credit card debts of $60k. We have no savings, and SS funds to pay only about half the minimum monthly card payments. We live in Ohio and only assets are our home and car. We do meet chapter 7 income requirements, We are not [...]
I’m 69 And Lost My Job But I Want to Pay My Debts. – Chuck: Chuck “Dear Steve, I am 69. lost my job of 15 years 6 months ago. Am on SS and work odd jobs when I can. Have 56,000 credit card debt, Was ok while working but now am 6 months behind on large accounts, have been struggling to keep others current. I called credit repayment plan [...]
I Live on Social Security and a Small Pension and Can Barely Make It.: “Dear Damon, I live in california and i am retired and only income i receive is social security and a small pension from a job i worked at many many years ago I have two credit cards. each have a balance of $2000.00, total of about $4000.00. i have not missed a payment or been [...]
I’m 65 and Going on Social Security. Should I Pay Down Some of My Debts Now? – Joanna: “Dear Andy, I am 65 and have no savings and will be soon on SS only. I am almost debt free except for mortage and car I have saved up $10,000 and want to know if I should use it to reduce my new car loan from $24,000 to $14,000 (4.55%loan) or make a principal [...]
My Mother Lost Her Job and is Applying for Social Security But What About Her Debt? – Kevin: “Dear Lewis, My mother will be 63 this year – she just lost her job and is considering applying for Social Security. The amount she would get will just barely cover living expenses. She is carrying a little under $10000 in credit card debt – half of which as an APR of 31%. I am [...]
I Am Permanently Disabled. Should I Take Money Out of My 401(k) to Pay My Credit Card? – Jeri: Jeri “Dear Steve, I’m a 51 yr old female on total disability, and will be for the rest of my life. I receive Social Security and Long Term Disability thru the company that I worked for. My question is this. I have a credit card that has a balance of $5900, and the promotion of [...]