You usually cannot get a loan on your SSI, though some payday loan companies may allow it. You can use it as your income source for the purpose of getting a loan.
i draw ssi benifits can i get a loan drawing only 698 a month?
yes
YES I AM ON SSI AND THE PEAOPLE TOLD ME THA THEY CAN TAKE MY SSI TO REPAY MY STUDENT LOAN
If you do not repay a payday loan while receiving Supplemental Security Income (SSI) in Michigan, the lender may pursue collection actions, which could include legal judgments against you. However, SSI benefits are generally protected from seizure, meaning that funds received from SSI cannot be taken to satisfy debts. It's important to communicate with the lender and explore options, as they may be willing to work out a repayment plan. Additionally, consider seeking financial counseling for further assistance.
SSI is a valid income source and can be used to qualify for a home loan. With most lenders you can even use 25% more than the actual income amount to qualify since SSI is not taxed like other income types (this evens the playing field since employed people use their gross income when its known that it will be taxed before they can use it to repay the loan).
i draw ssi benifits can i get a loan drawing only 698 a month?
Yes, a person receiving Supplemental Security Income (SSI) can be a cosigner for a car loan. However, being a cosigner does not directly affect their SSI income, as SSI is based on individual income and resources. It's important to note that if the primary borrower defaults on the loan, the cosigner may be responsible for repayment, which could impact their financial situation. Additionally, if the loan affects their overall resources or income, it could potentially influence their SSI eligibility.
yes
No.
YES I AM ON SSI AND THE PEAOPLE TOLD ME THA THEY CAN TAKE MY SSI TO REPAY MY STUDENT LOAN
If you do not repay a payday loan while receiving Supplemental Security Income (SSI) in Michigan, the lender may pursue collection actions, which could include legal judgments against you. However, SSI benefits are generally protected from seizure, meaning that funds received from SSI cannot be taken to satisfy debts. It's important to communicate with the lender and explore options, as they may be willing to work out a repayment plan. Additionally, consider seeking financial counseling for further assistance.
SSI is a valid income source and can be used to qualify for a home loan. With most lenders you can even use 25% more than the actual income amount to qualify since SSI is not taxed like other income types (this evens the playing field since employed people use their gross income when its known that it will be taxed before they can use it to repay the loan).
No...no company can take any money from you if you get disability, ssi or welfare
I'm on ssi and havent been able to get one and my credit score is 750. I was told to that I had A good chance trying A in house financing lot (buy here pay here)
Check with your lender. But in general - yes. Be aware of predatory lenders and predatory lending practices.
CITI finacial offers secodn home loans. My parents got one from them and they are on SSI.
Since you need a loan, I would go with a company called Cash Call. You might have seen their commercials on TV.