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How would a credit card company know debtors only income is Social Security and cannot levy a bank account?
Wiki User
∙ 8y ago
One option is to retain legal counsel, who will then contact the creditors, informing them of the persons financial status. If a creditor files suit the debtor then files a list of their entitled exemptions, (SS benefits, homestead exemption, etc). In some cases a creditor may try to levy the account looking for funds that have been combined. This is why it is very important to only have SS benefits in the account. The court must be convinced of the existence of combined funds, before the writ of execution will be granted. Even then most banks will refuse to release the money. If SS benefits or other exempt funds are seized, the debtor has grounds for a lawsuit against the bank and the creditor.
Wiki User
∙ 8y ago
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Is social security disability judgment proof in Missouri?
Social Security Disability and Social Security is judgment proof from debtors in all states.
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
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
Can you open a bank account with out social security number?
yes, you can
