? about a relative on SSD who can't pay off loans….?
This is complicated. My mother took out 5 loans when she needed them the most. .. u know., those fast cash payday type loans, 2 in town and 3 online. She originally owed 1500 but now owes 2500 due to interest (if u add all the loans up). Now here is her situation: she became gravely ill in 2004 and had to quit work and due to major major (organ transplant ) issues and issues that have almost taken her life several times SINCE the transplant, she can no longer work and is on social security disability. Due to the horrible medical situation she was in for literally years where she spent the better part of two years in a hospital, she had to file bankruptcy 3 years ago. She also lives with my grandmother and they share a bank account (moms SSD and gramdma’s retirement she recieves each month. Now I have two major questions here: (1) what can they do to my mom? they can’t jail her or anything can they?? or take away what she owns ? (she doesn’t own a home just rents, she does own an old car. (10 plus yrs old) She said they never asked her to put up any kind of collateral what so ever… on these loans. Just gave them her checking acct information.She absolutly could NOT survive in jail., no way whatsoever. Also, can they take my grandma’s money? They do share an account but my grandma’s name is NO where on any loans at all. She had nothing to do with the loans. She is elderly and needs her money for HER own meds and needs. I am so very worried for my mom. Please help!
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they cant do nothing to your mom.it might be wise if mom and grandma have seperate accounts. both should file forms with the bank stateing that their only income is from ssd or ssi whatever.
collectors cant go after neither. to be on the safe side your mom needs to get her own account and fill out that paperwork.
why werent those loans listed on the BK.
there are no debtors prisons
Your mother and grandmother should not be co-mingling their money under these circumstances. Have your mother open a new account in her name only and have her SSDI checks automatically deposited into that account. Her SSDI funds CAN NOT BE ATTACHED to pay non-governmental debts. She may have a judgment levied against her, but the creditors can’t touch her SSDI money, by federal law. I know: I have hospital debts from before I got SS disability, and my creditors are SOL. Let your mom’s creditors know that her only source of income is from SSDI. They may want proof so her award letter will do just fine. Once they know they can’t collect, they’ll stop calling and demanding payment.
If a creditor wins a judgment against her and they find that joint bank account, it will be emptied. The fact that the account contains grandma’s retirement money is moot.
Grandma needs to remove mom from the account or open a new one and move her money.
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