Can your Social Security Benefits be taken away for a Bank Loan?
Question by Picklez: Can your Social Security Benefits be taken away for a Bank Loan?
Do I have to pay back a bank loan if my only source of Income is Social Security
Best answer:
Answer by MadMan
No. But you need to make sure that the bank knows that the source of the money is just social security or they might try to take it anyway.
What do you think? Answer below!
Categories: Loan Questions Tags: away, bank, Bank Loan, benefits, loan, security, social, Social Security Benefits, taken
Creating a World Without Poverty: Social Business and the Future of Capitalism
Creating a World Without Poverty: Social Business and the Future of Capitalism
In the last two decades, free markets have swept the globe. But traditional capitalism has been unable to solve problems like inequality and poverty. In Muhammad Yunus’ groundbreaking sequel to Banker to the Poor, he outlines the concept of social businessbusiness where the creative vision of the entrepreneur is applied to today’s most serious problems: feeding the poor, housing the homeless, healing the sick, and protecting the planet. Creating a World Without Poverty reveals the next phase in a hopeful economic and social revolution that is already underway.
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Categories: Loan Products Tags: Business, Capitalism, Creating, Future, Poverty, social, without, World, World Without Poverty
How can I get a loan when I only get a small social security income?
Question by Maryam: How can I get a loan when I only get a small social security income?
I have been online for almost a week trying to get a small loan based on my income to no avail. Now all I get is spam mail. Is there help for me? I am a caregiver for an elderly uncle, before him, my mother until she passed. I am really strained and I need to catch up on my bill. Is there help for a person like myself who can only repay in small amounts and only once a month?
Best answer:
Answer by Judy
Sorry, but probably not. Personal unsecured loans are hard to get in the best of situations. A legit lender will want to be sure you can pay it back, and you can’t show that – if you had extra money, you wouldn’t be behind on your bills in the first place. There are plenty of scammers out there who will claim they’ll give you a loan, but then just scam you out of an “application fee” – you sound too smart to fall for that.
If you have a decent credit score, you could try a peer to peer lending site like prosper.com – they’re legit, but don’t get your hopes up for getting a loan there.
Is there any chance this uncle could help you, since you’re helping him?
Good luck.
Know better? Leave your own answer in the comments!