Can credit cards levy out accounts when we are on SSI disability income only?
My wife and I used to make around 90+K TGI a year in 2000 to an AGI of $3,117 in 2009 as we both have become totally and permanently disabled. (The AGI would have been $0 if we hadn't taken a draw off my wife's retirement annuity to pay medical bills for 2009). The last-on-our-list of our priorities are our credit card payments, well behind our 2 mortgages, insurances, medical bills, utilities, property tax, etc.; basically keeping a roof over our heads and managing a shadow of a lifestyle of making so much prior to the disability issues. If the credit card companies levy our accounts (which some have threatened to do) we're basically headed for being homeless within 3 months. We had a great credit score until late last year when we both came down with the H1N1 virus and our dilegence with bill paying went asunder. We don't care if they lien our house, but freezing our bank accounts could end up with a possible death as I am a cardiac patient with a plethora of other health issues. I have just recently become eleigible for Medicare (04/01/2010) after 2 years of having NO insurance at all. We have already stopped direct deposits on our disability income so the CC companies can't hurt us, but it's going to delay our income payments by perhaps up to a week. We are not denying that we owe the money and have been making token $10 payments to them to show "good faith" and were told to "just keep our money and take care of my medical bills." The bottom line question is: Are there any rules against CC companies regarding levyies on our bank accounts for people who are on SSI and totally and permanently disabled to prevent this potential account levying disaster? We live in Callifornia, where the rules are far less than clear on this matter.
Thank you!!
