They’re prone to a variety of vulnerability due to their isolation. They are often called elder orphans or solo seniors. As independent living is challenging for seniors, some legislation and resources are a great source of safety.

Seniors often have trouble managing their finances, especially when they’re struggling to pay off outstanding debt. Section 207, the Social Security Act is a safeguard to stop Social Security benefits from being taken from debt collection agencies. Other forms of income for seniors such as veteran’s benefits and benefits from disability are secured as well.

Additionally, many senior citizens are thought to be judgement-proof. This means that a creditor who has a judgment against them won’t be able to take possession of their property. Seniors can even send debt collectors cease and desist messages that ask them to end all forms of contact.

Seniors typically have an income that is fixed and may make use of loans to cover their expenses. Additional steps, including reducing home-related causes, may make living expenses easier to control.

Individuals who are independent may gain the benefits of attorneys along with other associations to assist their debt problems. For more information and to learn more tips to help seniors independent living, watch the link to the video above.

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