They Said No Creditor Can Ever Touch My Social Security — Except the Government Can
Private creditors can never touch your Social Security. But the IRS can levy 15% for back taxes, and Treasury can offset it for federal student loan debt.
child support
I Have Multiple Wage Garnishments at the Same Time. Here’s What to Do Right Now.
Two or more wage garnishments at once? The 25% federal cap is an aggregate ceiling, not per creditor. Here is how the limits and priorities actually work.
I’m Behind on Child Support and They’re Garnishing My Wages. Here’s What to Do Right Now.
Child support can take up to 65% of your paycheck — far more than ordinary debt. Here’s what the federal law actually says and your real options right now.
Chapter 3 – Take a Lap on the Gerbil Wheel of Debt
Quick Answer: Debt acts like a mental distraction that prevents focus on financial goals, similar to how a driver can lose sight of what’s important and crash. The author emphasizes that “being in debt is a state of mind, not an account balance” because debt represents mortgaging future earnings to pay for present consumption. Listen …
Chapter 2 – What Your Money is Trying to Tell You
Quick Answer: Money is essentially worthless paper or digital credits that only has value through collective agreement, and wealth alone won’t bring fulfillment or happiness. The key insight is that without developing “internal prosperity” first, people won’t make smart financial decisions or retain money long-term, even when they have options that money provides.Listen to the …
Home Equity Loans: What They Mean for You
Steve Rhode covers four important topics: a deceptive home equity investment offer from Point Digital Finance with effective rates of 15-20%, why housing…
Social Security Child Support Garnishment: Is It Legit?
Quick Answer: Yes, Social Security can legally garnish benefits for child support arrears through court-ordered garnishments, even if it creates financial hardship for the recipient. The Social Security Administration enforces valid court orders for child support, alimony, or restitution, and recipients cannot appeal the garnishment through Social Security but must contact the issuing court.Question:Dear Steve,Can …
SSDI Garnished Twice for Child Support: Myth vs Reality
Quick Answer: SSDI can be garnished for child support, and double garnishment may occur when court records are unclear or missing. The $600 auxiliary benefits paid to the children and the additional $700 garnishment require documentation from court records and bank statements to resolve the overlap.Question:Dear Steve,My son receives Social Security for Disability when Social …
Texas Child Support: Can They Take Benefits?
Quick Answer: Yes, Texas can take up to 50% of both Social Security and unemployment benefits for child support obligations through automatic withholding. The state has legal authority to garnish these benefits, with no appeal available under Social Security rules, though payment modifications may be possible through the Texas Child Support Division.Question:Dear Steve,The TX AG …
My Child Support Was Cut in Half and I Need My Creditors to Work With Me So I can Afford My Payments
Quick Answer: A single mother facing reduced child support should consider bankruptcy over struggling with uncooperative creditors like Capital One and personal loan companies. Creditors aren’t obligated to work with borrowers, and bankruptcy may provide faster relief than enduring years of collection calls and payment struggles.Question:Dear Steve,I have been a struggling single mom for over …
