Credit Card Companies Snatch Social Security Payments

peaceandlove · 05-13-2009, 05:26 AM

Credit Card Companies Snatch Social Security Payments

April 28, 2009 · 11 Comments

Holes are appearing every day in our so-called safety net, as state and local governments, in particular, are forced to cut back on public programs. But even amidst all the budget cutting, most elders and disabled people probably feel that their monthly Social Security checks are something they can count on. Having escaped attempts at privatization under Bush, Social Security might appear secure, at least in the short term.

Maybe not. As New America Media* reports, debt collectors for credit card companies and other creditors are now going after Social Security payments, which are supposed to be exempt from garnishment in such situations. Their tactics include freezing the bank accounts into which a beneficiary’s Social Security checks are direct-deposited. When this happens, often without warning, old and disabled people find themselve suddenly without the resources to buy food and medicine, which can trigger a desperate medical crisis.

Continues: http://unsilentgeneration.com/2009/0...rity-payments/

Source: http://solari.com/blog/

05-13-2009, 05:26 AM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Credit Card Companies Snatch Social Security Payments Credit Card Companies Snatch Social Security Payments April 28, 2009 · 11 Comments Holes are appearing every day in our so-called safety net, as state and local governments, in particular, are forced to cut back on public programs. But even amidst all the budget cutting, most elders and disabled people probably feel that their monthly Social Security checks are something they can count on. Having escaped attempts at privatization under Bush, Social Security might appear secure, at least in the short term. Maybe not. As New America Media* reports, debt collectors for credit card companies and other creditors are now going after Social Security payments, which are supposed to be exempt from garnishment in such situations. Their tactics include freezing the bank accounts into which a beneficiary’s Social Security checks are direct-deposited. When this happens, often without warning, old and disabled people find themselve suddenly without the resources to buy food and medicine, which can trigger a desperate medical crisis. Continues: http://unsilentgeneration.com/2009/0...rity-payments/ Source: http://solari.com/blog/