Tag Archives: DisabilityBenefits

Can Creditors Take My Social Security Disability Benefits?

Debt is a concern for households all over the United States. Consumer credit company Experian says that consumer debt in our country has risen to $14.1 trillion in 2019. That is a record high. However, people with disabilities have greater concerns when it comes to this figure. Fixed incomes, reduced working potential and medical bills make it hard for people with disabilities to pay debts. This can lead to creditors garnishing their bank accounts. Does that mean creditors can garnish their Social Security? Can Social Security Disability Be Garnished? In short, no, most creditors cannot garnish your Social Security disability benefits. As with most rules like this, there are exceptions and caveats that need explanation. Here is what you need to know. Which Benefits Do Federal Law Protect? Rules set by the U.S. Department of Treasury require banks to automatically protect certain benefits from the government. But this only applies…
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Is It Becoming Harder to Get Disability Benefits?

The amount of people applying for Social Security disability benefits is going down. This is unexpected news for experts, advocates and political leaders. And though some are celebrating this change in enrollment, others are asking why. Is SSDI Enrollment Going Down? According to The New York Times, new enrollments for Social Security disability benefits have gone down. In 2001, enrollments were at an all-time high of 2.02 million, but those numbers have fallen dramatically. Last year, there were under 1.5 million enrollments, and the downward trend seems to be continuing. The total number of recipients for the program is also going down. Members of the baby boomer generation are reaching retirement age in record numbers. This has caused the number of disability recipients to go down as these people are moved to retirement benefits. This has also extended the Social Security Administration’s (SSA) financial forecast. Just two years ago, the…
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Five Common Questions About Social Security Disability Benefits

As a worker in America, you pay for Social Security through your payroll taxes. However, this payment doesn’t just go toward your future retirement benefits. The payroll taxes you pay also go toward Social Security disability benefits, which can be essential if you become disabled and are no longer able to work. Understanding this part of Social Security can be difficult, and if you don’t have the right information then you may have problems collecting benefits later. Here are a few common questions and answers that many people have about these disability benefits. 5 Questions About Social Security Disability Benefits How Do I Qualify for Social Security Disability? If you are no longer able to perform a substantial amount of work due to impairment, then you may qualify for Social Security disability benefits. However, there are certain requirements that must be met. The Social Security Administration (SSA) requires that applicants…
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