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A creditor can file a lawsuit against a debtor who has defaulted on a contract. But, all Social Security benefits are exempt under federal law from creditor garnishment.
This does not mean that if the creditor sues and receives a judgment against the debtor they will not have other means of executing the judgment to recover the debt owed.
What else can I help you with?
Do you have to give out your social security number to get a van insurance quote?
Yes, most companies require that you provide your social security number to get an accurate quote. Insurance rates can vary depending on your credit history.
How can a Canadian get a US credit card?
You cannot get a credit card in the US with US credit card companies unless you have a social security number. Since Canadian residents don't have US social security numbers, they do not have access to US credit companies credit cards.
Do car insurance have the right to ask for social security?
Yes. They need this to run a credit check on you.
What information identifies you to credit card companies is it your social security number?
Yes, your social security number is one of the key pieces of information used by credit card companies to identify you and assess your creditworthiness. It helps them verify your identity and track your financial history.
Why do lending and credit card companies require a borrower's social security number?
Lending and credit card companies require a borrower's social security number to verify their identity, assess their creditworthiness, and track their financial history. This information helps the companies make informed decisions about lending money and managing risk.
Do I have to give up my social security number to get automobile insurance quotes?
To receive a more accurate quote a credit check may be down which would require your social security number
Where would one get commercial credit insurance?
Commercial credit insurance is often purchased by companies to ensure payment of credit which a company has credit with. There are many insurance companies who specialize in credit insurance. Some include Allianz and Atradius. The best way to obtain and use trade credit insurance is through a specialized broker.
Can credit card companies garnish pension and social security benefits automatically deposited into your bank account in Tennessee?
no way
Do you have a social security number (SSN) and good credit?
I do not have a social security number (SSN) and therefore do not have a credit score.
Do I need to provide my SS# to get online term life insurance quotes?
No, you typically do not need to provide your Social Security number to get online term life insurance quotes. Most websites only require basic information such as age, gender, and health status to generate quotes. Be cautious of any sites that ask for your SS# for a quote.
What electronic databases have my information?
There are dozens, if not hundreds: government databases (IRS, Social Security, Department of Motor Vehicles, etc.), business databases (credit card companies, airline frequent-flier memberships, etc.), financial (banks, loan companies), healthcare (doctor's offices, insurance companies) and many more.
Were does information containded in a credit report come from?
Information in a credit report comes from banks, mortgage lenders,credit unions, credit card companies, insurance companies, landlords, department stores and employers.
