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789402 tn?1243630044

disability and credit card debt

because of the sudden onset of CHF in  my situation, i had to rely heavily on my credit cards to survive.  once i became officially disabled and realized my prickly situation with the credit card companies, the fees and penalties just kept growing.  i have since found out through the legal services of the Hudson Valley in NY that these fees and penalties can be stopped.  below i have pasted the sample letter i have received from legal services in hopes that it may help some of you in the same position as myself.  although it says federal act, i would double check with a legal service in your state.

(date)

(credit card company and address)

RE: (your name and address)
       (YOUR ACCOUNT NUMBER)



Dear Sir or Madam:

I am writing to inform you that at this time I am supporting myself on a monthly income of less than (amount) per month.  My only source of income is Social Security.

           The federal Social Security Act, 42 U.S.C. 407(a) provides:

                          None of the monies paid or payable or rights existing under this
                          Chapter shall be subject to execution, levy, attachments, garnish-
                          ment or other legal process, or operation of any bankruptcy or
                          insolvency law.

This means that you may not take any action to collect money from me.  I have no appreciable
assets that may legally be repossessed or garnished.


Please immediately cease contacting (your name) regarding this debt that I cannot pay.

Yours very truly,


(your name)
2 Responses
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789402 tn?1243630044
i only wish i had knowlege of it a long time ago
Helpful - 0
Avatar universal
Thankyou for that wonderful information.  You've probably hepled many other people. I know this is some of the best news Ive had in a long time!! Thankyou again,
                                                                                           memesue                                                                                          
Helpful - 0
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