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can lenders garnish military retired pay, social security

Date: Wed, 08/31/2005 - 11:16

Submitted by anonymous
on Wed, 08/31/2005 - 11:16

Posts: 202330 Credits: [Donate]

Total Replies: 2


can military retired pay and/or social security be garnisheed for credit card debts? If so, how much?


[COLOR=#000000]Can a credit card company garnish a Federal Retirement Pay

[/COLOR]"[COLOR=#000000]Social security benefits can only be garnished for recovery of Federal Taxes and alimony and child support obligations but, it cannot be garnished for recovery of credit card or any other types of debt. However the creditor can bring judgment against you to garnish your bank account. If the creditor garnishes your bank account then your account may be debited in full whenever any money gets credited in the account."

"
[/COLOR][COLOR=#000000] Your retirement pay can never be garnished as it forms a part of social security benefit. But you should inform the bank that the money that gets credited into your account is your social security benefit so that even if the creditor brings judgment against you, they cannot garnish money from that account."[/COLOR]

http://www.creditmagic.org/garnishment/card-debt.html


lrhall41

Submitted by on Sun, 07/17/2011 - 17:39

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