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Savvy Senior: could a financial obligation collector just simply take my Social Security benefits?

Savvy Senior: could a financial obligation collector just simply take my Social Security benefits?

Q: Can my Social Security advantages be garnished if We have some debts that are outstanding? I recently turned 62 and wish to begin gathering my your your your retirement advantages, but like to find this away before We use.

A: Whether your Social protection advantages may be garnished varies according to who you borrowed from.

Banking institutions as well as other economic creditors, for instance, can not touch your Social Security checks. However if the government is gathering on a financial obligation, a few of your advantages are reasonable game.