Receiving disability benefits doesn’t prevent debt collectors from contacting you, but it does provide important protections. MonthiraYodtiwong/Getty Images Few sources of income are as legally fortified as a federal disability check. Social Security benefits sit behind decades of statutes designed to keep them largely out of creditors’ reach, which is part of why the benefits … Read more
Having a serious medical diagnosis alone isn’t enough to secure Social Security disability benefits. designer491/Getty Images A health setback can create financial challenges long before the medical bills start arriving. When an illness, injury or chronic condition makes it difficult to continue working, the loss of income can quickly become one of the biggest concerns. … Read more
NEWYou can now listen to Fox News articles! FIRST ON FOX: A Texas congressional race already marred by scandal is facing new controversy after veterans condemned political ads sent ahead of Memorial Day weekend that mock a President Donald Trump-backed veteran over his military disability. With days left in a bitter Republican primary runoff election … Read more
SSDI benefits come with protections, but those safeguards aren’t always as far-reaching as you’d expect. Min Wang/Getty Images The financial strain Americans are facing has intensified in recent months, as rising inflation just keeps pushing the cost of essentials higher. Rent, groceries, insurance premiums and medical expenses have all become more difficult to manage, particularly … Read more
WASHINGTON — A divided Supreme Court on Thursday dismissed Alabama’s bid to be allowed to execute a convicted murder who was found by lower courts to be intellectually disabled. The court’s action leaves in place lower court rulings in favor of Joseph Clifton Smith, 55, who has been on death row roughly half his life … Read more
The rules around disability income and bank levies are more complicated than many people realize. Dragon Claws/Getty Images Rising credit card balances and climbing delinquency rates have had a big impact on the collections environment recently. With average credit card rates still hovering above 21% and household debt sitting at record levels, more borrowers are … Read more
If you’re living on disability income, a collection debt lawsuit could have an outsized impact on your finances. Getty Images/iStockphoto Between today’s high (and rising) borrowing costs, elevated unemployment and persistent financial pressure, a hefty number of borrowers are falling behind on their bills, and their credit card debt, in particular. Part of the issue … Read more
Millions of disabled borrowers are trapped by credit card debt they can’t pay, but is forgiveness an option in this situation? Getty Images/iStockphoto Becoming disabled doesn’t just change your health. It also changes your finances, often overnight. Income disappears or shrinks. Medical bills arrive. And the credit card debt that was manageable on a full … Read more