That you are living on a fixed income if you are receiving Social Security or SSI (Supplemental Security Income) chances are. You may be worried that the creditor will garnish your social security or disability checks if you owe creditors for medical bills, credit cards or personal loans. The positive thing is that federal law protects your Social Security your retirement, disability and SSI advantages from being moved by regular creditors. Part 207 for the personal safety Act forbids creditors from being able attach, garnish or levy funds from Social protection. In the event that you owe money to charge cards, medical bills, payday advances, unsecured loans, debt from repossession, and property foreclosure then you definitely don’t need to worry that the Social Security or SSI will likely be garnished. Under federal legislation regular creditors cannot attach or seize funds from your Social Security benefits.
Does that Mean Your Social Security is Protected from Any Creditor?
First you’ll want to determine what benefits you are getting to learn whether your advantages could be susceptible to garnishment because of the government that is federal for several debts. Generally speaking advantages are settled as either your retirement income, SSDI or SSI.