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All SS benefits are exempt from creditor actions. However a vehicle and a house are considered secured debt and can be subjected to seizure and possible sale by the lender.

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โˆ™ 2005-09-25 13:39:37
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Q: Can your social security be garnished for a car loan or house loan?
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Related questions

Can Social Security benefits be garnished for a defaulted car loan?

bs i had student loans being garnished from my disabilty ss


Can social security check be garnished for school loan?

No, Section 207 of the Social Security Act prohibits regular creditors from garnishing or levy an individual's Social Security. The only way your Social Security can be garnished is if you owe money to the IRS, if you owe federal student loans, or if you owe child support or alimony payments.


Can someone on social security benefit's cosign for a loan?

Yes, someone on the social security can be able to cosign for a loan. The person cosigning the loan however has to have good credit regardless of his availability on the social security benefit.


Can social security take your check if you are a co-signer on a student loan?

If you are on social security you should not be cosigning on a student loan. You would be guaranteeing that if the student doesn't pay off the loan you will. The federal government can garnish your social security benefits to recover student loan payments.


Can you borrow from social security to pay off debt?

No, Social Security is not a bank or loan company.


Can a representative payee for a social security disabled child get a loan on the child's disability check?

No, a representative pay will not be able to get a loan for a child's social security disability check.


Can your retirement be garnished for a college loan?

If it's federal they can get your social security without even taking you to court. They would have to take you to court for a retirement account. If it's private they would have to get a judgment.


Can a student Loan take money when your social security disability check under 750?

Can a student Loan garnish money, From your social security disability check when it is under $750.00


Can you get a bank mortgage loan without having a social security number?

A Social Security Number or Taxpayer ID Number are generally required in order to obtain a mortgage loan.


Can social security retirement benefits be garnished for repayment of a Sallie Mae loan?

No, all SS benefits are exempt from creditor garnishment, the exceptions are child support obligations and in some instances federal tax arrearages.


Can social security legally allow a school loan to granish your disability income?

No. Your Social Security income will usually not be listed under the types of income that can be garnished but wages and tax returns etc can. If you are only receiving Social Security, you may be eligible for some type of financial hardship deferment or alternative payment arrangement to pay off your students loans. You should contact your lender to discuss the options.


Can wages be garnished for the balance of a loan in a voluntary repossession?

Yes, they can be garnished for this reason.


Do you have to provide your social security number to get a car loan?

Yes. The business providing the car loan must run a credit check and that requires a social security number. While giving a retailer your social security number is optional, it isn't when trying to obtain credit.


What is the limit a WA resident can have their Social Security Disability be garnished for a defaulted student loan?

The lenders of Government insured student loans are given special consideration that virtually guarantees they will get paid. (Like it can't be dismissed in bankruptcy).


Do you need your social security card with you to apply for a loan?

Ye you have to


Can a payday loan garnish social security in Texas?

YES


Can i get a payday loan with my child social security disability check without a prepaid debit card?

No, you will not be able to get a payday loan on a child's social security disability check with or without a debit card.


Can Social Security Disability be garnished for unpaid student loans?

The answer is NO, SSI will NEVER be garnished, except to repay SSI overpayments, which can be recovered by a 10% reduction of benefits. SSI will NEVER be garnished for student loans, back taxes, etc.Regular social security payments (NOT SSI) can be garnished IF you draw MORE than $750/month. If you make LESS than $750/month, nothing can be taken from your earnings. A garnishment can take 15% or the amount OVER $750, whichever is less to repay a "non-tax" debt, such as a student loan.


Can your wife claim your social security system loan in your behalf?

yes


How can you get a car loan without having a social security number?

you can't


Can you transfer a student loan to another person's social security?

Absolutely not.


Can social security help get loans?

Yes, being on Social Security or Disability may allow a person to secure a loan. For example the payday loans services offers loans to individuals living on Social Security.


Can Federal tax return be garnished for student loan?

yes - it can be garnished for any federal obligations


Can you collect payday loans with someone on social security benefits?

Not likely. Most insurers, if they know that they are on social security benefits, would not loan the money to them.


Ssi garishment student loan after 10 years?

Social security is able to be garnished. This was part of the Debt Collection Improvement Act of 1996. Honestly, for ethical and logical reasons, it is dumb that they can. 'Robbing Peter to pay Paul' is how one could describe it.