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.
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Categories: Loan Questions Tags: away, bank, Bank Loan, benefits, loan, security, social, Social Security Benefits, taken
What factors would prevent me from getting a bank loan?
Question by W C: What factors would prevent me from getting a bank loan?
Would like to know what can prevent me from getting a bank loan. Please advise what I would need or not have. Thank you.
Best answer:
Answer by fitzpimlings
Bad credit, history of late payments, no collateral, lack of a co-signer. These are the major factors.
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Categories: Loan Questions Tags: Bank Loan, Factors, Requirements