Bank Account levy

If your only source of income is Social Security and Retirement pension can a credit card company levy your bank account for the amount owed.

Comments for Bank Account levy

Click here to add your own comments

Jul 30, 2010
Can debt collector take my SS money and retirement income?
by: Mary

Thanks for submitting your debt collection question on our Q&A page.

Generally, if a debt collector sues you over a past due debt and wins a judgment against you, your bank cannot be ordered to take your Social Security payments or income you may receive from a pension or some other retirement fund to satisfy that judgment. However, federal benefits may be seized under certain circumstances -- to pay any delinquent taxes, student loans, spousal support or child support you may own, for example.

Thanks for your question. Please get in touch again if you need additional information.

Click here to add your own comments

Return to Debt Collection Questions.

Learn how debt collection laws can help you!
This website does not provide legal advice.
All information is for educational purposes only.
Copyright 2007 - 2016 by Mary Reed and Gerri Detweiler.
All rights reserved.