Garnishing your Social Security benefits
Seeing as how so many millions of Americans rely heavily on their Social Security payment to make ends meet, the thought of having your benefits garnished is pretty scary indeed. Of course the best way to avoid even worrying about garnishment is to stay current on your debt obligations, but should you fall behind it’s important to know if Social Security income would be a target for your creditors. And the answer is, it depends on the owner of your debt. In this Motley Fool article by Maurie Backman, the author explains who can garnish your Social Security benefits and who can’t. Hint: The Federal Government has a lot of power. Click here to read more.