answersLogoWhite

0


Best Answer

A bank account can only be levied after due process of law. Which means a lawsuit filed, won, a judgment rendered,a judgment executed. Be that as it may, ALL Social Security benefits are protected by both Federal and State laws and are 100% exempt from creditor action. In other words,they can't touch the account.

User Avatar

Wiki User

19y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the procedure for a credit card company to levy a bank account if only Social Security income is in account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can a debt card company take your social security check if it is in your bank account?

yes


Medicare funds are collected by?

social security adminisration


What is the procedure for opening a bank account?

In the US, contact the bank, provide them with your name, address, social security number, sample of your signature, and the funds for a first deposit.


What has the author Bojan Spicar written?

Bojan Spicar has written: 'Appeals procedure in social security' -- subject(s): Law and legislation, Social security, Social security courts


Can a creditor freeze your bank account although im on social security?

Social Security funds are protected against a lien on your checking account. However you will have to prove that the funds in your account are from Social Security. If there are other funds "commingled" then unprotected funds may be seized


What is required by law for each individual social security account?

employers and employees both have to contribute equal amounts of money into the Social Security Trust Fund


Request New Account Number?

Get StartedFederal and state legislation is moving increasingly in the direction of prohibiting the use of key personal identification information (e.g., your social security number) as your account number. Without waiting on such legislation, you should be proactive in limiting the use of your social security number to those situations where it is essential. For example, if a company uses your social security number as your account number, your are at a higher risk of becoming a victim of identity theft.


How do you collapse your social security trust account?

You cannot collapse your Social Security trust account. Social Security is a government-administered program that provides retirement, disability, and survivor benefits to eligible individuals based on their work history and contributions. The funds in your Social Security account are used to pay benefits to current beneficiaries and will be available to you when you become eligible to receive benefits.


What is state employer account number?

When you pay your taxes to the state, you have an account number that identifies your company. When you pay, the amount is credited to the employer's account. It's the same as paying your taxes using a Social Security number.


What is a state employer account number?

When you pay your taxes to the state, you have an account number that identifies your company. When you pay, the amount is credited to the employer's account. It's the same as paying your taxes using a Social Security number.


Where can I find a social security index?

No there is not. You will have to email or phone the company that you go your social security from. You will have to check the company's website for their phone number and email information.


What is need to apply for a checking account?

Social Security Number