answersLogoWhite

0


Best Answer

All SS benefits are completely exempted by federal law from creditor action. Private pensions in general are usually exempted, but to be certain the involved party would need to consult the personal exemptions laws of their state of residency.

User Avatar

Wiki User

โˆ™ 2005-11-10 14:49:24
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar
Study guides
๐Ÿ““
See all Study Guides
โœ๏ธ
Create a Study Guide

Add your answer:

Earn +20 pts
Q: Can credit card company attach pension or social security?
Write your answer...
Submit
Related questions

When was Pension Credit created?

Pension Credit was created in 2003.


Can your social security or pension be taken for credit card debt in Iowa?

SS and Pensions are judgment proof


Can credit card companies take money owed them from your company defined pension plan?

No.


Can credit card companies garnish pension and social security benefits automatically deposited into your bank account in Tennessee?

no way


Can credit card companies garnish pension or social security checks?

Summary: No, they can't take your check. Unless they sue you and get a judgement they can't garnish anything. Neither a private pension nor Social Security would be attachable in the case of a creditor such as a bank or credit card issuer having a judgement. However, if the bank account it's deposited into has other funds it is possible that funds in that bank account that are not the proceeds of a pension or social security payment could be


Do you need a social security to apply for a credit card with Capital One?

yes you have to in every credit card company.


What do you do if the security code on your credit card doesn't work?

Call your credit card company and they will help you reset the code.


Can pension funds other than Social Security be garnished for credit card debt in the state of Florida?

If it's counted on your taxes it can be garnished.


Can a credit card company attach your wages in California?

yes id they are licensed to do so in that state, but they must obtain a judgment first before they are able to attach anything


What can a credit card company attach if a judgment is found in their favor?

Any assets you have such as property, automobiles, bank accounts or wages.


Can a credit card company in the state of Maryland garnish your pension check that is automatically deposited into a bank account if there is no other income?

Yes, unfortunately


Can a Social Security disability or a retirement pension check be garnished in MI for credit card debt?

No, all SS benefits are exempted by federal law from creditor garnishment.


What does the PCI Security Standards Council do?

The PCI Security Standards Council is a security systems company that does security for debit and credit card machines. Their systems make it difficult for people to steal pin numbers.


can a credit card company garnish your retirement from a previous workplace or your social security?

Social security and retirment benefits cannot be attached by a judgement from creditors.


Can a credit card company garnish your Social Security or pension?

All Social Security and Supplemental Security Income benefits are exempt from action for creditor debt. Most pension plans are also exempted, although some may only have a specified portion protected. States enact laws that establish which real and personal property can be exempted from creditor attachment. The same exemptions that the state of residency allows for bankruptcy action are the ones that apply to lawsuit judgments. In addition federal non-bankruptcy exemptions are allowed in most cases.


What is the journal entry to increase pension expense?

Debit pension expenseCredit cash / bank


What is a unsecured credit card?

A secured credit card requires a security deposit. An unsecured credit card is the traditional credit which does not require a security deposit.


Can senior citizen's Social Security and pension benefits be garnished for non payment of credit card debt?

No. If a creditor other than the federal government tries to garnish your Social Security benefits, inform them that such an action violates Section 207 of the Social Security Act (42 U.S.C. 407).


You have bad credit and on a pension and have no house can you still get a personal loan or credit card with 6000 limit?

yes


Can a credit card company take assets such as property personal belongings Social Security or retirement if one has no other income in NC?

Creditors can sue the debtor to recover monies owed, what property they can attach depends upon the laws of the state in which the debtor resides. All Social Security benefits and most pension benefits are exempt from creditor attachment. For the majority of consumers the homestead exemption is the most important; in some states the homestead exemption is automatically granted by law, in others a homestead declaration must be filed with the county recorder's office to protect the primary residence from creditor action.


Is any of this considered earned income if you and your wife live on social security income and a small pension benefit but no labor is performed?

No. Social Security and Pension income are not considered earned income for the purposed of the Earned Income Tax Credit. This is not to say that you will not have to file an income tax return and possibly pay taxes. Depending on the amount of income you have and your filing status, you may or may not have to file a return.


How can you find out if someone has used your name to get a credit card?

Get ahold of your credit card company and have them run the name along with the social security number to check the purchases of the card or cards.


Where on a credit card is the security code found?

The security code on a credit card is usually a three digit code that helps secure credit card transactions. On a typical credit card, the security code is usually found on the back.


Can a credit card company get a judgment against you if your only income is soc Security Disability?

Umm I dont think so!!!


Can you get a credit check without a social security number?

No. Credit bureaus go by social security numbers.

People also asked

Can your social security or pension be taken for credit card debt in Iowa?

View results