Yes its possible but many exceptions and many aways to avoid the issue Eric HELPS

All loans charge interest and are legal Eric HELPS

Set off of SS for student loans is stayed until October and may be extended. And for many lower-income seniors they can qualify for an income based repayment plan and pay zero per month for a past due student loan. Eric HELPS

Maybe you shouldn’t assume to know what older adults ‘want’ to do. For instance, where I live there is no public transportation to speak of, so a car is a practical necessity. And subsidized housing typically means being in a dangerous apartment complex. Everybody’s circumstances are unique. You might want to consider having a little empathy and not paint people with such a broad brush.

I have no car. No vacations. A home I bought for $25,900. No insurance on home. I do have pets that I treat holistically. You are full of assumptions. I am 73, was a single mother of 3 and worked 2 jobs most of the time. I wish now I would have taken government assistance but I did not. I might could have spent more time with my children.

@@Oceanaqua1 Who are you directing your comments toward? You were not the original poster of the comment that I responded to, so I hope you aren’t targeting me. I stand by my comment, though. The original poster used language suggesting that people who cannot live the lifestyle they describe is strictly about choice, as if there are no constraints to decision-making. I was taking exception to that tone. Most people can’t simply “find subsidized housing”, pick up and move to an area with comprehensive public transportation, etc. Whether older adults ‘want’ to make those decisions or not, they are not practicable decisions for most seniors.

@@Oceanaqua1 I am 74. Was a single mother of 2. I became in danger of becoming homeless at the age of 61 after losing my job. I had to make hard choices to survive. What I am observing in many older adults is that they want their cake and eat it too. I have been BLESSED to have so many resources available to me. I deeply appreciate my blessings.

@@ithacacomments4811 no cake here. I had breast cancer at the age of 54. I lost my job and insurance, home to medical bills. Cake? Haven’t seen a cake in years. God bless you as he had me because I am still kicking.

I am NOT an expert on this. But, I think he said, “The government can garnish up to 15% of your Social Security retirement or disability benefits (So this would apply if you default on federal student loans). However, I read they must leave you with at least $750 in monthly benefits.

I just realized that you said this is a pension, not social security. So it may be different rules.

Difficult to understand exactly what you are saying. Eric HELPS

No, twice the amount of federal benefits received each month. So $1500 per month $3000 is protected. etc. Eric HELPS

Listen again. The video clearly explained how SS is automatically protected IN THE ACCOUNT INTO WHICH IT IS DEPOSITED, up to twice the monthly sum, regardless of the source of sums actually in the account at the time of a garnishment. When you take money from that account and put it in another account it is at risk and could be garnished under various state laws. The bank doesn't make the decision. A challenge to garnishment can be filed with the court and a judge can order the money be returned. Do nothing and yes the bank will turn the money over to the judgment creditor. Eric HELPS

The laws we discussed are federal laws applicable to all states. States often have laws that expand the protections given by federal law. Eric HELPS

all 50 Eric HELPS

Yes.

You can apply for tax deferred payments in some states.

Look into your County fundung. My County has a program under Community Development that helps pay property taxes on your main homesteaded property.

Maybe I wasn't clear. Twice the amount is protected by your bank automatically. Anything over that is still protected just not automatically. You would have to file a challenge to garnishment or claim of exemption papers, and the court would order the money released. You could prevent needing to do that by keeping the amount in your account less than twice the amount of SS. Eric HELPS

Consumer credit is not a federal program like medicaid or food stamps that if you are a dollar over you lose everything. . you can put money on a gift card or cashiers ck . There are ways around that., Highly unlikely they would take your money, call Eric from Helps

There is no way on God's green earth that Social Security will be reduced or eliminate. There could at some point be changes like there has been already to delay when a person begins to receive SS. But that would not affect current recipients. Eric HELPS

It is true that federal agencies like the SBA can offset 15% of SS for a past due debt. It doesn't happen regularly but can occur. Unlike for IRS debt and student loan debt there is no procedure in place to have that prevented or stopped. However a person could file bankruptcy, eliminate the debt and stop any future garnishment of 15% of SS. Eric HELPS

Q 1 yes that is true. Q2 Here is a link that might help www.ada.gov/file-a-complaint/

Actually nearly half (48.0 percent) of the elderly population in the United States is “economically vulnerable,” defined as having an income that is less than two times the supplemental poverty threshold. (Economically Policy Institute) Vicissitudes of life have led them to often very difficult positions not because they didn't care. Eric HELPS