Defaulted Loans May Haunt Seniors (social security, federal, years, payments)
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"A little–noticed law could soon result in smaller Social Security checks for hundreds of thousands of the elderly and disabled who owe the U.S. money from defaulted loans and other debts more than a decade old."
(snip)
"But the U.S. can collect debts to federal agencies by "offsetting," or withholding Social Security and disability payments."
Most federal loans never go away even in bankrupsy which many free spending students have learned. Luckly I have no such loans. Even the noramlly avilable but seldom used commercial loan laws are more often being used by creditors to collect now days.Used to be few credit cards would wtrte off a loan then send a 099 to the debtor or even pursue leagl action which is qucikly changing.many will go for and get judgements and renew them for years to be able to collect at a later date when you need to clear the debt for one reason or anohter.The times they are a chngein as they say/
"A little–noticed law could soon result in smaller Social Security checks for hundreds of thousands of the elderly and disabled who owe the U.S. money from defaulted loans and other debts more than a decade old." (snip) "But the U.S. can collect debts to federal agencies by "offsetting," or withholding Social Security and disability payments."
(Suggest that if you're really interested in this story that you copy & paste it to your own folder since yahoo doesn't retain older news.)
I see no problem with the government collecting debts owed the government, especially loans
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