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Tag Archives: social security

Consumer advisory: Your benefits are protected from garnishment

201505_cfpb_most-debt-collectors-cant-garnish-your-social-security-or-va-benefits

May 13 2015 By Nora Dowd Eisenhower and Holly Petraeus Older Americans, like many of their younger counterparts, increasingly have debts in collection. Over one-third of the complaints that older consumers submit to us are related to debt collection. In some of these complaints, consumers told us that debt collectors threatened to garnish their benefits from Supplemental Security Income (SSI), ... Read More »

    Most Difficult Cost In Retirement? Retirees Evenly Split Between…

    Every day wasted is money wasted. Make the tough choices young so you don't wind up broke, old, sick, and counting pennies.

    Alexandria, VA (PRWEB) March 04, 2015 A new poll by The Senior Citizens League had surprising results. When asked —“What retirement cost is hardest for you to cover?” — just as many respondents said healthcare and prescription costs were most difficult, 40% — as those who said housing, heat and utilities, another 40%. Sixteen percent said nourishing food, and 4% ... Read More »

      My Life is Hopeless. I Can’t Pay My Bills. What Can I Do?

      Avoid Bankruptcy Monster

      Question: I Can’t Pay My Bills. What Can I Do? Dear Steve, I’m so completely freaked out about my bills. I’m now so in debt and worried about it I can’t sleep, I’m depressed, and all my wife and I do is fight about money. I’m constantly telling my kids they can’t participate in any school events because I can’t ... Read More »

        Will My Social Security Be Garnished for My Student Loans? – Ruth

        Sagging Economy

        “Dear Steve, After graduating from college with approximately $150,000 in student loan debt I worked in my field for 9 years all the while faithfully paying about 50% of my income to repay my student loan debt. After 9 years I found myself unemployed and then underemployed. I am currently repaying on an income-based plan. This monthly payment does not ... Read More »

          We Are Old, Ill, and the Worry and Stress Over Our Debt Are Killing Us. – Glenna

          brand new ending

          “Dear Steve, We are seniors in our mid seventy’s very bad health. We have credit card debt because we have had to put medical bills and medicine,plus living expenses. We owe 14,000.00 and having a hard time making minium payments. HELP, our only income is our social security. We don’t know how to handle this. Our health is getting worse. ... Read More »

            I’m Unable to Pay My Debts After the Death of My Husband. – Lula

            Ready to Collapse

            “Dear Steve, Unable to pay all debts after death of husband. Since my husbands death in 2009 I struggled to pay the debts. Finally had to stop paying on four of them. Now, Capital One is taking me to court next week. Will they be able to freeze my bank account since only Soc Sec is my only income and ... Read More »

              Lost Job. Unemployment Expired. Living on Social Security. Can’t Pay Debts. – Gwen

              Ready to Collapse

              “Dear Steve, Lost job. Depleted Unemployment payments. Living on Social Security only. Cannot pay all debts. I lost my job of 14yrs in 2010. I have depleted all my unemployment and only have Social Security as an income. I am 71 yrs old and cannot find another job. I have $43.000.00 in credit card bills and a personal loan. Am ... Read More »

                The Judge Said Being on Social Security Was Not Enough of a Reason to Dismiss Creditor Lawsuit

                Ready to Collapse

                “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 high medical bills (I have ... Read More »

                  Check Your Social Security Benefits Online

                  Screen Shot 2012-05-03 at 2.33.31 PM

                  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. The registration was a bit ... Read More »

                    Social Security Administration Wants Their SSI Overpayment Back. – Penny

                    Ready to Collapse

                    “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 am not working and making ... Read More »

                      Will Baby Boomers Have Enough to Retire?

                      Ready to Collapse

                      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 traveling. They planned to fund ... Read More »

                        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 and tax charges. As alleged ... Read More »

                          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 scheme and avoided more than ... Read More »

                            Adult Baby Continues To Receive Social Security Benefits – Fraud Allegations Dropped

                            ht_stanley_thornton_jr_baby_ll_111020_wblog

                            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 life as a baby due ... Read More »

                              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 out a warning last week ... Read More »

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