These videos are great because they not only help the senior, but they help the people that the seniors are interacting or doing business with. Those business people are clueless about what Seniors rights are. Many landlords are seniors themselves and don't know these things
What rights are those? The right to take a out loan - with no intention of repaying it? And then, getting new lines of credit because the previous lenders we ripped off can’t ask for repayment from our SS benefits? I love how people conveniently convert a sin into a “seniors right.”
@@refuztosay9454 I have no idea why you sent ME this comment. Since I am an "evil" professor, I can't participate in SS. Go scream your greed at someone else.
Thank you for this program. I am 80 and struggling to pay off a lot of medical bills that got dumped on me because my insurance carrier said another insurance company was responsible…so neither paid and the doctor offices came after me. Of course I am on Medicare and have no savings and live on my SS check. If I didn’t have my little mobile home, I would be on the streets. Rent is $1200 or more plus elec., phone etc and I only make $1389.00/mo and that is too much to pay for low income housing. No we are not treated fair.
Don'r pay them. Medical bills are now weighted less by credit bureaus. You're insurance company may indeed be liable, even if they claim they aren't. Talk to a consumer law attorney.
My City charges me $600 a month in property tax A MONTH for a three bdrm house. No relief for seniors or at my income level, which is only Soc Sec income. Savings dwindled after ten years of retirement ,(I'm 76). How can that be fair or sustainable with a mortgage remaining on my house where I live alone?
That was very educational. I just went and filed chapter 7 at 62 years old. I felt very bad that I had to do it. I have never been behind on my credit card payments. I had Bank of America for 20 years. I called Bank of America to see what they lower my interest rate from 20% during the coronavirus they said the only way they can lower it. I would have to close the account and they would give me 2%. Send me a letter to say if they approved it or not. I continue to pay $600 a month they continue to take $500 of it at least. Because of Bank of America I was forced to file chapter 7. I take full responsibility of charging so much I will never do it again I do not want to see or hear about a credit card. Unless it's a unsecured card. These Banks will take advantage of you watch out.
Banks are crooks anyway,they're all crooks and they come up with all this bull because we don't know the game and we work all our lives and finally retire and like me you get cancer, now here comes the outrageous medical Bill's that Medicare don"t cover and your monthly check is barely 1000 dollars a month. They all get rich off less fortunate seniors. I may have to stop my treatments because having cancer your out of pocket money is unreal. 😢
You have no idea how you have just alleviated the stress I have had over the past 4 months ! I am a 74 yr old on a fixed monthly SSI with no other income and have been drowning credit card debt since having to move back to NY and incurring an increased $1350 monthly rent and utilities debt
Pay cash for everything. You can negotiate harder, pay zero interest and need no credit score. Yes insurance might be a little higher but juat carry less insurance coverage. Get a good insurance agent.
Thank you. A few years ago I got into credit card debt and couldn’t pay, now my credit rating is 509 and it makes my car insurance higher. I have to disagree, good credit is very valuable.
It is valuable. But the video tries to point out that good credit isn't valuable enough to sacrifice basic needs like food, medicine or heat etc. Look at it this way continue paying $300 in credit card debt you can't afford by cutting back on basics to save $27 per month in car insurance. Here is a quote from one website on the difference: "If you have average credit, the same full coverage costs around $173 per month, on average. And drivers with poor credit will pay, on average, approximately $202 per month in premiums." Also not all states allow credit to affect insurance. The point is many seniors don't need credit like they used to especially if they have lower income or are poor. Higher car insurance is a comparably a drop in the bucket versus continuing to make high payments for old debt you really can't afford to pay. Eric HELPS
I ran up some credit cad debt doing some work on our home. It is sad that the agencies that do your score don’t take into account that we have the deed to our home, are exempt from property taxes and have no vehicle payments. They hammered me for $20,000 of credit card debt which is all I have. I make pretty good money retired also.
@@melaniesue8170 There is really no answer. Usually above 55, but some places you can get senior discounts at 50 and others it is 60. For my property tax exemption it is 65.
This is very interesting because I was just turned down from renting a senior govt subsidized apartment because of 'derogatory credit'. So I definitely will be in touch to get a Landlord Letter to enclose with my next application. Thank you.
@@primordialmeow7249 Well, my appeal time is up now. And truthfully, I didn't care for that particular apt but was tired of waiting, I'm telling myself it wasn't meant to be. I recently withdrew from a debt resolution program because by continuing,...I couldn't afford rent.
Being an advocate for seniors is appreciated. The moto is leave no child behind. We should also have a motto leave no seniors behind- past 65 of age pay their mortgage off, or car loan off. That would be helpful to all. Thank you for sharing your videos.
Try to rent a home or apply for assisted living, they will check your credit to see if you pay your bills and a poor credit rating can be a barrier to getting approved.
My story exactly. 77 year old female. Until I spoke with a local financial agency and learned that my social security check was protected I was trying to pay down my credit card. It became impossible. Every payment was met with the interest rate bringing it back up. I’ve always valued my credit score and struggled with letting it go into default. There was just no other way to continue and also be able to buy food, public transportation, rent. The credit company is now sending me e-mails that they will be contacting a collection agency. I realize that social security is protected - nevertheless, I have to go through whatever happens next because I got myself into this mess. There is anxiety until this is settled, however, I feel grateful that there is a way out. Like many - I didn’t really understand how credit worked until it was too late.
I had to use my credit cards to eat, buy food. I was living on 800.00 a month. Now I get more money and are trying to pay them down. It willtake a long time.
I and my wife just bought a house, 6.6% 30 year fixed, used my Veterans Benefits. Mortgage is actually lower than the rent was. I have no credit card debt to speak of, my actual credit card debt is in the range of $300 never more. My three credit scores are high. I also get paid my lifetime Union pension benefits and my Social Security benefits are $1900 monthly. Thank you for the program.
Thank you so much for verification of my assumption of not worrying about my credit score...I'd been doing so and suffering because of same. One card, low balance, cancelling the rest, or allowing them to cancel themselves. Oh what a relief it is.
Thank you both for sharing all of this important information. I've always had excellent credit score all my life and as a senior it's a relief to know I don't have to worry about it any longer like I once did.
Thank you so much for giving this information - very helpful and considerate. Definitely something seniors may need - especially during these challenging times. God bless you guys!
My husband and I are both disabled. We had credit cards that ended up being used for bills and meds during the time waiting for approval. Now we are 10,000 in debt, still making payments on 5 cards with an income of 2100 a month with rent being 1000.00
@@BlessedBeMyDay thank you. We have good insurance now. And we get snap benefits. But yes there was a time we were paying for everything on cards. Unfortunately we can't get anywhere on them because we can barely make the minimum payment.
Thank you for the information . I am 61 and disabled . My husband is going to be retiring next June at 65 . We will have our car paid off 5 more payments so that is no stress . We have $8000 in credit card debt plus some medical debt incurred during the pandemic. Now I can breath .
Thanks for your program I have learned something today that I did not know about seniors and their credit. I am one of those seniors at age 76 and are concerned about keeping my credit in good standing while I am on Social Security. I am a veteran but I am not a disabled veteran. I am purchasing my own home and will give you a call.
I tried to keep up with my bills to the point of not eating. I had diarrhea every day, so I said to hell with it. Sheriffs were beating on the door, giving me summons, and summons were in the mail, etc. I talked to a lawyer at KY Legal Aid. He told me that I was Judgment Proof, being that I am on Social Security, which is my only means of support. He said that if I received a subpoena, I should tell them I couldn't afford to pay. If I didn't go, I would be in trouble and have a bench warrant put out on me. So I decided to not file for bankruptcy and to buy some a little food. And do I mean a little. It's a grim situation out here. Thank you for your channel. Glad I found it. I am assuming that the information applies everywhere. Not sure. And as you know what happens when one assumes.
This is all me! I am in this predicament seriously! Why are the Debt Relief programs are so persistent to have me sign up with them? I should just let my cards go. I’m not able to pay my debts. Thank you so much! 🙏🙏God bless!!
Debt relief programs will never tell a senior that their income is protected can can't be taken. Instead they sign seniors up putting some in utter poverty making payments for old debt they don't need to pay. What they don't tell seniors is that they have a prearranged agreement with credit card companies to take 15-20% of whatever they collect as "donation." They have a classic conflict of interest and even the nonprofit debt management companies thus take advantage of seniors Eric HELPS
How are seniors getting craps when they are receiving social security benefits and non-seniors are paying? Where is proof that - assuming good health - that seniors are treated badly?
@@mcleanblades9234 seniors PAID all their working lives, too. The hardest thing for some of us is the FORCED premium payments for Medicare from our SS. $150 may not seem like much, but on SS, it is a hefty reduction.
I'm a senior and been retired for 7 years now. Life has never been better; wish I could have lived like this years ago. Only health issue is getting my pullup count higher. Please speak for yourself only.
@@mcleanblades9234 here's a fact for you. The money that I've been paying into social security for the last 50 years will be used for FUTURE generations. So don't ever assume that YOU are supporting me in my old age.
Hi I was able to get hold of your firm so glad my call went Thu. The lady I talked to was so nice and helpful. So glad you are here to help us you are angels thank you again looking forward being your client.
Wished I would have known this 4 years ago. Thought I was secure in my job but got laid off at 65. One year before I was of age to collect all my SSA. I 85K in my IRA but spent every last penny paying down debt and supporting myself until I could collect my full benefit a year later and I still have some debt left!!
Everything he said is absolutely right on point. I can say this because I have been through things and worked in many legal areas. But still always need to be reminded. Great sensible information. Thank you so much.
My wife and I were in a rental apartment in NC for over four years. The lease was up for renewal and the apartment complex was not renewing the lease so it would extend on a monthly basis if they did not notify us in writing that we needed to vacate. Rent payments were auto debited from our checking account. Two months before the lease was up the auto debit did not occur. The leasing office stopped the auto debit from occurring and they shut down my access to the online payment portal so I could not manually make the payment. The leasing office then filed an eviction notice claiming we did not pay rent. We went to court and explained that they stopped taking our rent money, we were able and willing to pay. The magistrate sided with the apartment complex and we were evicted. We had 30 days to get out. I was 69, wife 65, both Veterans, 2 dogs put out on the street homeless. We went to Florida found a new house, paid cash. That was December 2019. The same house is now double what we paid. The rental complex has a collection company wanting us to pay the rent they refused to take.
I'm 73 years old. Have 10 credit cards (some have limits under $1,000) that I pay EVERY month. I only was late on one payment because I was on vacation and thought I had put all of my cards on automatic payment. But one of them I did not because I would be home in time to pay it. My bad. As soon as I noticed that it didn't get paid, I paid it. So, with my good payment record, shouldn't my credit score be good? It shows I use 67% of my available funds. But, NO! My credit score is around 570!!!! So I have nothing to lose by contacting you guys and trying your method. So glad I came across you videos.
If all your cards are charged to the full credit line that will keep your score low. If you have a card that has 1000 limit then only charge 100 .00 to it.
Try to keep your Utilization use under 30% of your credit limit and pay your bill or pay on your bill before your Statement End date. Doing this should make a difference in your credit score. Research what i stated. I hope this will put you on a journey to a higher credit score.
It's great that he was able to write one letter and change one mind for one person, but as a landlord when I can't garnish income or checking accounts it makes payment history that much more a factor in my decision making. Also industry data shows those with bad credit average over $1,200 a year more for car insurance in the U.S. With good credit I pay $38 a month for full coverage including roadside assistance and $200 deductible. Perhaps no reason to meet one's obligations, but definitely something to consider when doing the math.
It is difficult for seniors with money, who can afford to travel, and are landlords to understand the difficulty lower-income and poor seniors with debt have maintaining their credit. It is necessary to listen to the video and not just read the title. The video discusses why lower-income seniors don't need to go without basic needs to pay the debt they can't afford simply to maintain credit. Some states do not allow credit to affect insurance rates. Most lower-income seniors do not have expensive cars that reflect the $100 extra in insurance referenced. Your discussion of how you rent is exactly the reason for the landlord letter discussed. Seniors who apply to rent from such landlords will save the $50 application fee. Seniors as a rule, including lower-income seniors, are excellent tenants. Lower-income seniors' income is safe, can't be taken, and is available for rent. These seniors normally pay rent the very first. Eric HELPS
I agree it’s always better to have a good credit score. Sure, you don’t buy a home anymore, but Homeowners and car insurance will be higher with a low credit score! Don’t understand why they give this advice!
I'm 74 and disabled. I got 8 credit cards to get my score up to get a car. I haven't had running water since 2018 because water heater burst, no HVAC, no workable kitchen. I have someone coming to clean my home in a little over a week for over 2k. There goes my car. And still have a broken HVAC, mold, need a subfloor and water heater. Don't know what to do😢. I'll go to your HELPS to try and get an answer. I only get $1200 on SS. Interest is eating ne up on these cards but I'm 100% up to date. Ty for your advice. 🙏
First I was taught to always pay credit cards or any debt. 5 years ago I got a loan through FHA for a small home that had been under foreclosure. Great deal and has doubled in value in 5 years. I had a run down home, but required so many updates I just worked on it through the past five years. Painting, small repairs, replacing carpet, and with housing prices going up up, I did sell it, and very pleased with what I received. I cut out all unnecessary items including landline, cable, Terminex, only liability insurance, new clothes, and ate healthy food with no eating out. Even at my age of 77, I saw no reason to be the victim, so planned as though young. This is on minimal SS.
This is great. You are to be commended. However, all seniors are not in the same boat so to speak. Some simply have debt they are unable to pay. The point of the video is that for many seniors maintaining good credit is simply not an option nor a good idea. Especially if they are sacrificing basic needs. Eric HELPS
Well, this is fine . But God forbid if get sick and can't get around, it will be a different story. Your almost their 80years old by now. You seem to miss the point...bragging seems to suit you.
@@msladydi123 You seem to like the loser role. Not a braggart , just taught to fight and plan. I have been disabled for two years when I was young, and I crawled Around from one piece of furniture to another to clean, and cooked on a walker. You have to keep a fighting spirit through all the trials that come your way.
Thank you for all you do. So many people take advantage of seniors, and think they can get away with scamming seniors. Help's Nonprofit Law Firm has always been there for me. Thank you Eric and team.
I'm 73 and I have lost much $ from being a victim of fraud and those that have been in my life for the last 24 years. I tried to get a $2,000 loan to at least pay back rent. Denied. I'm tired of all of this, I get a nice amount each month from SS. So I believe I will recover. I owe $ for medical, but I'm not paying them, they got enough from my Medicare. I own my car so no payment there. THANK YOU FOR WHAT YOU DO AND YOUR ADVICE.
The method yt videos pointed to isn’t really working for fixing your credit and getting your finance back in track.. *Solvency backdoors* is the solution to all bad credit reports, negative items, finance & debts etc👌
Their abilities to swiftly resolve issues with credit distinguish them from those well known companies. You’re the best *solvency backdoors* keep up the good work and thanks for fixing people’s credit.
He kept saying "They're not going to be buying a home ". I'm 70, a disabled veteran, moved from Florida to Oregon last October. I AM buying a home, or wanting to, but prices are ridiculous. A quarter of a million bucks for a house that might have listed around $30,000 in 2004... it's out of reach. And the V.A. won't loan on a manufactured home. I'm now considering owner finance properties. I live on S.S. and a V.A. check, I can buy a house if they'd come back down to Earth with the pricing. Will a bank loan me on a mortgage at my age? I was under the assumption that they would. It seems that monthly automatic payments would give them some confidence.
These videos with Senior Living and HELPS are primarily directed to the nearly half of seniors in America over 65 who have incomes within 200% of the poverty line. I suspect your income is not that low. They retire owing more debt than ever before. Some statements are generalities and of course, there are always exceptions. I certainly don't want to dampen anyone's dream. The point of the video and its important to listen to the entire video is that many lower-income and poor seniors don't need good credit like when they are younger. That's because credit availability is difficult for lower-income and poor seniors even with excellent credit. Would any legitimate lender extend a loan to person with $500 payments if their income was $1200 even if they had perfect credit? There is no extra money after basic needs are met with which to make a payment. The video points out that it doesn't make sense to go without basic needs like food and medicine to maintain credit that isn't available. In some ways your reply kind of proves that point. There are areas of the country where housing is far less expensive where it might be far easier to obtain financing. Eric HELPS
Over the years, seniors watch the credit score gradually increased in awareness in the offers for free credit reports, giving the impression that credit score is something to strive for, but not stated is that it in context of someone who relies primarily on employment income.
True they can't touch Soc Sec or other pension payments, but they can go after other funds in the bank account. I am on SS, and I sell online to supplement that check, which falls far short of even paying the rent. They can seize that income, and if it goes into the same account with the SS, the bank will freeze all of it claiming that they can't distinguish which is which. Be careful before just walking away.
This is great video! My parents are 83 and 75 years old. They were charged $1400 when they moved out of their apartment after living there for 6 months. Yes, for 6 months they charged $1400 + $200 deposit. Reason for the charge was two or three scratches on the wood floor and they replaced whole floor on the unit. The apartment wasn't even a luxurious apartment. It was so upsetting. Now my parents are getting bill from debt collectors. My question, do my parents have to pay the debt collector? My parents live off of SS.
If your parents are on Social Security or other retirement income, their income is protected, they don't have to pay their debt. They can use their Social Security for their needs. Eric HELPS
I am a senior. I applied to get a home, and obtain another credit. In both cases I was denied because of inquiries, and income to debt issue. In all cases to include trying to get a loan to consolidate. So, as a Senior, how do I get new accounts? Credit history is exceptional.
Good credit is just about how well you pay your bills. Sounds to me like the problem is income to debt. You pay your bills but you can't afford any more debt. A consolidation loan is looked at like the last step before bankruptcy. Every time you pull your credit history that is an inquiry. I would say your biggest obstacle right now is income to debt ratio.
To finish the tool analogy at 17:00, when you work you need a tool, so you justify the expense of the tool with the future income or efficiency the tool gives you and any loan and interest the tool loan costs. That tool will make you more money (this is harder to type than speak :). When you retire and quit working, you don't need the tool, you don't need the liability for the tool, and you no longer really need your credit rating or preserving that rating because you don't need to buy tools for a job you don't have. I just hope people aren't borrowing money for health issues.
If you experience an emergency as we all do such as mechanical problems with your car or your furnace, you better have good enough credit to get them fixed.
The method yt videos pointed to isn’t really working for fixing your credit and getting your finance back in track.. *Solvency backdoors* is the solution to all bad credit reports, negative items, finance & debts etc👌
Their abilities to swiftly resolve issues with credit distinguish them from those well known companies. You’re the best *solvency backdoors* keep up the good work and thanks for fixing people’s credit.
I like your advice to seniors, it makes so much sense for lower income folks. What can be done about the scamming high interest payday loans? If you don't pay they try to take you to court and even get a judgement because they really have no collateral. What would you advise a person who owes several of them . Thank you
I once applied for a low income apartment for seniors and was turn down become of my low credit score, i had to get my score up to where they wanted it to get the apartment , so i guess in some cases we senior have to worry abour our credit scores. that's also for lower car insurance rates and lower down payment to get electric turn on etc.
We should be teaching everyone how to budget while they are still young. Young people don't need top of the line cars, jewelry, fashion or non-essentials. One of the first things to buy is real estate within you means and work up from there, plus putting (even if it's $5) something aside every month. Don't fall for these sales people that talk you from overbuying.
This is an 3 year old video, but I wanted to add. Just after I retired, I had a lot of credit card debt that I knew I would never be able to pay on my now income of about $25,000 yearly. I said before they come to get me, I simply gathered all my debts and went and visited the local bankruptcy attorney. I knew as attorney Eric Olson stated in the video that my monthly social security and my small pension checks were protected from anyone from taking it. All stress is gone and I don't know nor care what my credit score is!
With people being allowed to not pay rent, I’d won’t be renting to anyone right now. We are about done with a rental out of pocket and I, in no hurry to finish it and rent it. Between material costs and renters not having to pay I can wait a few years. It doesn’t cost me anything sitting doing nothing.
As the video explains for some seniors with lower income the choice is between good credit and enough money for food, medicine, housing and other basics. Eric HELPS
The method yt videos pointed to isn’t really working for fixing your credit and getting your finance back in track.. *Solvency backdoors* is the solution to all bad credit reports, negative items, finance & debts etc👌
Their abilities to swiftly resolve issues with credit distinguish them from those well known companies. You’re the best *solvency backdoors* keep up the good work and thanks for fixing people’s credit.
I was doing good on my. Credit and then I had a slip and fall, I have to used the money for my car and credit cards to spend on medical bills and Uber for therapy and doctors appointments 3 times a week and Costco (where I suffered the slip and fall) did NOT pay a cent for my medical bills. I was 79 years old at that time . Lawyers failed on handling my case. They had my case for 1 1/2 years and dropped it. Now pandemic came and no lawyer will take my case for offices were closed. Too many surgeries until now I’m suffering from ache and pain I don’t have money to pay doctors. Five months ago I suffered a stroke because of no immobilizations afraid of falling down again. I’m allergic to pain killer. I need help.
This Q for someone I know: 1) What about if unemployment in WA is taking all of a persons money (a # of years ago)? Accused, and was unable to defend self (was in jail). it was a woman putting in claims on him, who is now deceased. He doesn't know how to fix it. They garnish any money he gets. Is there a statute of limitation? 2) is your tax return refund protected? What age is one a senior? He is a senior at 65 correct? Thank you!
The method yt videos pointed to isn’t really working for fixing your credit and getting your finance back in track.. *Solvency backdoors* is the solution to all bad credit reports, negative items, finance & debts etc👌
Their abilities to swiftly resolve issues with credit distinguish them from those well known companies. You’re the best *solvency backdoors* keep up the good work and thanks for fixing people’s credit.
Not an attorney here. I noticed in the Social Security pamphlets that if you get sideways with them they can penalize the recipient by withholding payments.
If you own a house and don't pay your credit you will incur leans that will affect your property when you die. Your family will have to deal with that. Right?
@@ticktock2383 I own a house that had rental attached. I rented out the house and lived in the apartment because it paid better than renting the Apt. The roof on the house developed major leaks after heavy storms. The insurance company would only pay for half up front and told me to work with their contractor to get it fixed. Their contractor wouldn`t work with me and no other would either. So I lost my tenants. I had twenty thousand in credit card debt. Then had a major heart attack. All said and done it took four years to get the rest of the insurance money to fix the roof. I quit paying on the cards just to survive and pay the mortgage and bills. They could jump up and down and flap their arms all they wanted but they were stuck. They have no way to recover their loses. I laugh when they keep sending me credit offers. I`m wondering if they know that if I refuse to pay them they can`t recover the loss. Free money?
I only have ssi. I was taken by ambulance to a hospital. One of the doctor's failed to file his bill with medicare and supplemental ins, he attached my SSI and took it before I ever knew.
SSI is a form of Social Security and cannot be garnished. Twice the amount of SSI deposited into a bank account is protected from garnishment by your bank under federal banking regulations. Even if the money was in a different account a challenge of garnishment could have been filed showing the money came from SSI and the court would have ordered the money released. Eric HELPS
Hi, I am so glad I scrolled and stopped on this video. Yes, we worry about our credit scores. We don't have enough to pay bills on time. So, our credit rating is in the mid 500's. We tried to refinance our mortgage buy were denied by our bank because we were late twice on our mortgage payments last year. We owe $39,200 on our mortgage but our bank raised the payment to 1067.+ last year. That's the main reason we can't make ends meet. But, last year, we asked our bank if we could defer 2 months on our mortgage. They approved it but they turned around and reported us late to the credit bureaus. What can we do?
I'm 68, paid off my car early, no debt and my credit score dropped. Makes no sense. I needed my credit score to remain "good", I would like to move. Nothing makes sense anymore.
The method yt videos pointed to isn’t really working for fixing your credit and getting your finance back in track.. *Solvency backdoors* is the solution to all bad credit reports, negative items, finance & debts etc👌
Their abilities to swiftly resolve issues with credit distinguish them from those well known companies. You’re the best *solvency backdoors* keep up the good work and thanks for fixing people’s credit.
Senior Living has a video with HELPS on this topic explaining how lower-income seniors can get on an income-based repayment plan for a past due student loan. Eric HELPS
Problem is auto insurance and qualifying to rent a lot base their decision on your credit score. Amount charged for insurance part of its charging amount is based on the credit score. How can you deal with that? Thank you, so appreciate all your time and care.
First HELPS has a program free for our clients called 7 steps to a 720 credit score for seniors. Credit can be reestablished, easier than one might think. Not all seniors are worried about their credit. Many are more worried about enough money for food, medicine and heat. More than a few states don't allow credit to affect insurance rates. I believe this video addresses both rent and credit and also insurance. Listen to the entire video. Eric HELPS
@janicehraga, you won't regret it. I've been a client of helps for a year and 1/2 and they have helped me so much. I knew nothing about this Law firm until I was referred to them by a debt consolidation company, which is unusual because Debt Consolidation Co's usually don't tell Seniors or people on disability this Law firm even exsits!
IF we don't have to worry about our credit than why was I turned down for a car that I need badly.A drunk hit me head on and totalled my brand new car a year ago,now I can't replace it
As the video explains a senior could have very good credit and be turned down because their income is insufficient to make a car payment. If you had good credit and were turned down then you are an example why good credit for lower-income and poor seniors often doesn't help. For seniors with minimal income sacrificing basic needs like food and medicine, etc. in an attempt to preserve credit that they won't be granted is not a good idea. For lower-income seniors, there are often better options for transportation than a car payment they can't afford. Senior Living and HELPS have a new video on seniors and affordable transportation Eric HELPS
Not exactly true, I hope to refinance my home……… however, my credit does matter to me at 70. It has been quite the experience for the last five-six years.
@@calvinnunnally5319I am semi retired and still work part time at 63. My paycheck is garnished 25 % each week for medical bills. I am too rich to get assist from government like those who don't work, but if I quit my job, I will be poor enough 🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️
i just retired for my life (very high bp 220/110 numbers) i thought retirement was going to be better than it is, mortgage, truck, takes 1/2 of my income. gasoline, and utility's take the other half. most of this past year i had to just sit in a hot dark house. now it is a cold dark house(winter). the bill on the truck is the only one not going up. taxes is the power to destroy. yes i need the pu, i try to take care of my mom, she is in a nursing home. i need to add in to her checking account to keep her solvent. ( aka: not kicked out of where she lives now). some of my creditors are very mad at me. but at least the calls have mostly stopped. no way could have the moneys to pat them, as i am on a diet now. only X amount of food each month. not starving. but just making it month to month. people say buy a cheap eico car. but with what money? and then how many years will it take to break even on the cash flow?
Thank you so much for this--and other!--enlightening talks. I'm breathing easier with less tension already! I've learned some surprising things in recent days! I'll be calling you later once I'm clearer where I need Your direct help. God bless you for offering a kind of help which seems hard to find!
I am 74 years old, been retired for 10 years, do not worry about credit cards or credit score, never have. That is why everything I have is paid for, house, car, airplane, beach house ing Brazil. What I receive from SS more than covers all my monthly expenses. By the way my credit score is 804, just checked it.
I've got a question...What if the Senior dies and the Credit Card company continues to bill them even after you give them notice of their death? Then they send letters that they will go after their estate, even if none was left. And they continue to send the bill adding interest to it. I'm just not sure how to resolve this for my late mother. And her debt is a little over $3,000. Thank You for the video, I will try to contact this law firm.
Donna 2 years ago my Mom died and she had a credit card and I was secondary on her card, truth is I could never get a credit card on my own I have no credit myself I'm disabled and they would never give me one . I was the only one using the card and I was the only one paying it every month too. So I called the credit card company and told them that she died and the guy told me ok I'll cancel the card. I asked ok so what do I do now? He said nothing. I said you mean I dont have to pay you back or anything??? He said no you dont she was the primary card holder so since she is gone there is no one else responsible for the remainder of the bill..... And the bill was more then 8 grand. Donna you informed them did you call them? If the guy on the phone told you that all is good I would just ignore the letters they cant go after someone who's not there anymore. If it was only your Moms name on the card then that's the end of the story. I never got any bills from the credit card company even when my Mom was alive I used to just call them up and pay it myself my Mom and I lived on op ends of the country so if they sent them after she died I have no clue cause everything went to her to her address. I wouldn't worry about it let them go after your Mom see how far they get with that. And Donna sorry about your loss.
@@tommtommkin Thank You Bob. That's helpful. Because, I was not on her card and I've notified them already and even sent the obituary. I was wondering if I shouldn't send the death certificate, but chose not to do that either. I heard you got to be careful how much information you give out like that. But, I think I'm just gonna go ahead and take your advice. I'll just keep pitching the bills in file 13 (trash)! Only other one's are the hospital, and they DO have her records. Thanks Bob. And for your sentiments...
I began my journey with Credit MasterFix Group in the beginning of August. Roy Brandon and the team have been very persistent with information and reassuring that I am on my A-game. People may think what Credit MasterFix Group do can be done by anyone, but the knowledge and effort this crew brings to the table is untouchable. In my personal experience they bring structure and guidance to assist me with reaching my goal of becoming a homeowner. (By the way since the start of August my credit score has increased over 160 points) I am recommending their expertise to anyone who is serious about gaining stability for their future! “CREDITMASTERFIX🟡COM”
You don't have to worry about it cause they cut off your credit when you turn 75 and they say you don't have enough time to pay it back etc work all your life just to have it cut off anyway
I am 73&just bought my 1st house. It is against the law to NOT SELL due to. Age.. I have family who live with me . According to the law they can take over that loan as long as they will be living in the house at the same rate of interest. I looked into it. That is why I bought the house.
Thank you so very much for this tutorial. What happens if a person who is retired and still holds a small mortgage while unable to pay their credit card loans in this case can the judgement be passed to confiscate their house by the credit card companies and for sale to collect their debt?
Different states have different laws protecting varying amounts of equity in a home. However no matter the state you live in it is not the practice of consumer judgment creditors to go after a persons home. Eric HELPS
One problem I see is that if Grandma is able to escape a $20,000 credit card bill, at some point can't the money be considered as income for tax purposes? Now she is on the hook for whatever taxes is needed to be paid on that $20,000. Since the taxes is a government debt, that cannot be wiped away.
Not the case for a number of reasons. You are talking about a person receiving what is called a 1099c (c stands for cancellation of debt) where a creditor sends this form to the IRS and the canceled debt can be deemed to be income. If a person is insolvent which means their debt exceeds their assets there is no tax. Form 982 can be filed with the IRS. Many tax preparers are unaware of this form or rule. As a result, some seniors pay taxes they don't have to pay. Additionally, it is simply not the practice of the IRS to send notices regarding 1099c to seniors on Social Security and if they did IRS form 982 could be filed later. Also if a senior did owe a tax many lower-income seniors would qualify for non-collectible now status and have to pay no taxes. Finally, it's not true that government debt can't be wiped out. HELPS works with thousands of seniors and we don't see this as a problem at all. Eric Olsen Executive Director HELPS Nonprofit Law Firm
I began my journey with Credit MasterFix Group in the beginning of August. Roy Brandon and the team have been very persistent with information and reassuring that I am on my A-game. People may think what Credit MasterFix Group do can be done by anyone, but the knowledge and effort this crew brings to the table is untouchable. In my personal experience they bring structure and guidance to assist me with reaching my goal of becoming a homeowner. (By the way since the start of August my credit score has increased over 160 points) I am recommending their expertise to anyone who is serious about gaining stability for their future! “CREDITMASTERFIX🟡COM”
These videos are great because they not only help the senior, but they help the people that the seniors are interacting or doing business with. Those business people are clueless about what Seniors rights are. Many landlords are
seniors themselves and don't know these things
Iuyy yo oil oo
Insurance is the biggest scam ever forced on the public besides money and criminal elite banks
Most "landlords" are now corporations. They know, but they ignore laws. They will take as much money as they can and do zero repairs.
What rights are those? The right to take a out loan - with no intention of repaying it? And then, getting new lines of credit because the previous lenders we ripped off can’t ask for repayment from our SS benefits? I love how people conveniently convert a sin into a “seniors right.”
@@refuztosay9454 I have no idea why you sent ME this comment. Since I am an "evil" professor, I can't participate in SS. Go scream your greed at someone else.
Thank you for this program. I am 80 and struggling to pay off a lot of medical bills that got dumped on me because my insurance carrier said another insurance company was responsible…so neither paid and the doctor offices came after me. Of course I am on Medicare and have no savings and live on my SS check. If I didn’t have my little mobile home, I would be on the streets. Rent is $1200 or more plus elec., phone etc and I only make $1389.00/mo and that is too much to pay for low income housing. No we are not treated fair.
I'm so sorry to hear your going through hard times.
Don'r pay them. Medical bills are now weighted less by credit bureaus. You're insurance company may indeed be liable, even if they claim they aren't. Talk to a consumer law attorney.
I agree 💯% with you ✌🏾👏🏾🤙🏽❤️
My City charges me $600 a month in property tax A MONTH for a three bdrm house. No relief for seniors or at my income level, which is only Soc Sec income. Savings dwindled after ten years of retirement ,(I'm 76). How can that be fair or sustainable with a mortgage remaining on my house where I live alone?
@@charlessoukup1111Do they not have a Homestead Exemption where you live? It helps to reduce your property taxes on your home after 65.
Thank you for your help. This country is in a sad state when it makes it’s aging, hardworking citizens suffer so much.
We are here to help!
You are so right. The politicians work for us but are not helping us.
That was very educational. I just went and filed chapter 7 at 62 years old. I felt very bad that I had to do it. I have never been behind on my credit card payments. I had Bank of America for 20 years. I called Bank of America to see what they lower my interest rate from 20% during the coronavirus they said the only way they can lower it. I would have to close the account and they would give me 2%. Send me a letter to say if they approved it or not. I continue to pay $600 a month they continue to take $500 of it at least. Because of Bank of America I was forced to file chapter 7. I take full responsibility of charging so much I will never do it again I do not want to see or hear about a credit card. Unless it's a unsecured card. These Banks will take advantage of you watch out.
Thanks for the feedback.
Do you charge for help
Banks are crooks anyway,they're all crooks and they come up with all this bull because we don't know the game and we work all our lives and finally retire and like me you get cancer, now here comes the outrageous medical Bill's that Medicare don"t cover and your monthly check is barely 1000 dollars a month. They all get rich off less fortunate seniors. I may have to stop my treatments because having cancer your out of pocket money is unreal. 😢
Don't ever feel bad about bankruptcy....it's there for a good reason.
If you are retired you did not have to file Ch 7 at all. Lawyer took advantage.
You have no idea how you have just alleviated the stress I have had over the past 4 months !
I am a 74 yr old on a fixed monthly SSI with no other income and have been drowning credit card debt since having to move back to NY and incurring an increased $1350 monthly rent and utilities debt
We're glad to help. Please share the channel with your friends.
Damm…you don’t look 74 years!
@@aros007zNo one uses their own pictures and for the few that do the photos were taken in their youth. You didn't know that?
I'm 69 years old. I bought a used low mileage 2020 Ford F-150 yesterday. My credit score was 814. My credit union handed me a check in 20 minutes.
I’m glad to be fortunate enough to get to know their name and looked it up online.
*You also need to look their name up to see their website.*
Congrats!
814 is amazing!
Pay cash for everything. You can negotiate harder, pay zero interest and need no credit score. Yes insurance might be a little higher but juat carry less insurance coverage. Get a good insurance agent.
Thank you. A few years ago I got into credit card debt and couldn’t pay, now my credit rating is 509 and it makes my car insurance higher. I have to disagree, good credit is very valuable.
It is valuable. But the video tries to point out that good credit isn't valuable enough to sacrifice basic needs like food, medicine or heat etc. Look at it this way continue paying $300 in credit card debt you can't afford by cutting back on basics to save $27 per month in car insurance. Here is a quote from one website on the difference: "If you have average credit, the same full coverage costs around $173 per month, on average. And drivers with poor credit will pay, on average, approximately $202 per month in premiums." Also not all states allow credit to affect insurance. The point is many seniors don't need credit like they used to especially if they have lower income or are poor. Higher car insurance is a comparably a drop in the bucket versus continuing to make high payments for old debt you really can't afford to pay. Eric HELPS
I ran up some credit cad debt doing some work on our home. It is sad that the agencies that do your score don’t take into account that we have the deed to our home, are exempt from property taxes and have no vehicle payments. They hammered me for $20,000 of credit card debt which is all I have. I make pretty good money retired also.
@Common Sense Revolution I didn’t refuse to listen to anything, how would you what I did or didn’t listen to, you don’t, so just stop your lying.
This is an embarrassing question, but at what age is considered a SENIOR?
@@melaniesue8170 There is really no answer. Usually above 55, but some places you can get senior discounts at 50 and others it is 60. For my property tax exemption it is 65.
This is very interesting because I was just turned down from renting a senior govt subsidized apartment because of 'derogatory credit'. So I definitely will be in touch to get a Landlord Letter to enclose with my next application. Thank you.
Please appeal. I did and it helped.
@@primordialmeow7249 Well, my appeal time is up now. And truthfully, I didn't care for that particular apt but was tired of waiting, I'm telling myself it wasn't meant to be. I recently withdrew from a debt resolution program because by continuing,...I couldn't afford rent.
Seniors lease now🤔 instead of car loans
@@ranay5029 I don't understand.
@@ranay5029 Leasing, I need information on what’s the best for me as I will be 67 next week and am in need of another car. Thanks for responding. 🙏🏾
Being an advocate for seniors is appreciated. The moto is leave no child behind. We should also have a motto leave no seniors behind- past 65 of age pay their mortgage off, or car loan off. That would be helpful to all. Thank you for sharing your videos.
Well said! We like your motto!
Yes my medical bills at a credit bureau affects my credit
Try to rent a home or apply for assisted living, they will check your credit to see if you pay your bills and a poor credit rating can be a barrier to getting approved.
I’m glad to be fortunate enough to get to know their name and looked it up online.
*You also need to look their name up to see their website.*
Ps- also bad credit increases apt and car insurance rates, and sometimes requires deposits for utilities etc.
Elderly mom has huge balance on credit card..pays bills on this card..she pays minimum each month..never goes down.
Probably better to go Chapter 11 bankruptcy. She can get a new secured CC, and within two years have a good score again.
My story exactly. 77 year old female. Until I spoke with a local financial agency and learned that my social security check was protected I was trying to pay down my credit card. It became impossible. Every payment was met with the interest rate bringing it back up. I’ve always valued my credit score and struggled with letting it go into default. There was just no other way to continue and also be able to buy food, public transportation, rent. The credit company is now sending me e-mails that they will be contacting a collection agency. I realize that social security is protected - nevertheless, I have to go through whatever happens next because I got myself into this mess. There is anxiety until this is settled, however, I feel grateful that there is a way out. Like many - I didn’t really understand how credit worked until it was too late.
I had to use my credit cards to eat, buy food. I was living on 800.00 a month. Now I get more money and are trying to pay them down. It willtake a long time.
I am in the same boat. Thses low paying jobs are useless.
I and my wife just bought a house, 6.6% 30 year fixed, used my Veterans Benefits. Mortgage is actually lower than the rent was. I have no credit card debt to speak of, my actual credit card debt is in the range of $300 never more. My three credit scores are high. I also get paid my lifetime Union pension benefits and my Social Security benefits are $1900 monthly. Thank you for the program.
Thank you so much for verification of my assumption of not worrying about my credit score...I'd been doing so and suffering because of same. One card, low balance, cancelling the rest, or allowing them to cancel themselves.
Oh what a relief it is.
You are welcome. Please share the channel with your friends.
@Carmen D. Cruz Thank you 🙏🏾
Thank you both for sharing all of this important information. I've always had excellent credit score all my life and as a senior it's a relief to know I don't have to worry about it any longer like I once did.
I have a friend who was denied a public housing apartment due to a low credit score. I was surprised they even checked it.
This should be uncommon for seniors as seniors income is protected and can't be garnished Eric HELPS
@@HELPSLawGroup this is like a catch 22 situation. Ok the income is protected but you can't rent with a low credit score.
Thank you so much for giving this information - very helpful and considerate. Definitely something seniors may need - especially during these challenging times. God bless you guys!
My husband and I are both disabled. We had credit cards that ended up being used for bills and meds during the time waiting for approval. Now we are 10,000 in debt, still making payments on 5 cards with an income of 2100 a month with rent being 1000.00
Wow so sorry
Senior Living has some other videos I believe would be helpful. Eric HELPS
Please choose you before you choose to pay card. Don’t go hungry and take your medicine.
@@BlessedBeMyDay thank you. We have good insurance now. And we get snap benefits. But yes there was a time we were paying for everything on cards. Unfortunately we can't get anywhere on them because we can barely make the minimum payment.
@@Mar-tl6bv thanks. We manage
I put this as simple as possible it's always better to have a good credit score than a bad one
Of course but that has nothing to do with this video. Eric HELPS
@@HELPSLawGroup I stand corrected. I was being narrow-minded and applied only to myself.
Agree!
Good credit is advantageous at any age.
Good credit is advantageous at any age if it is necessary. Eric HELPS
Not always, insurance will use it to increase your rate.
@@mdjones905 Bad credit, higher insurance premiums. You got it wrong. Insurance is LOWER if your credit rating is high. Get it now???
Thank you for the information . I am 61 and disabled . My husband is going to be retiring next June at 65 . We will have our car paid off 5 more payments so that is no stress . We have $8000 in credit card debt plus some medical debt incurred during the pandemic. Now I can breath .
Glad we could help.
Thanks for your program I have learned something today that I did not know about seniors and their credit. I am one of those seniors at age 76 and are concerned about keeping my credit in good standing while I am on Social Security. I am a veteran but I am not a disabled veteran. I am purchasing my own home and will give you a call.
Glad we could help. Please share the channel with your friends.
@@SeniorLivingOrgis there a number to reach you?
I tried to keep up with my bills to the point of not eating. I had diarrhea every day, so I said to hell with it. Sheriffs were beating on the door, giving me summons, and summons were in the mail, etc. I talked to a lawyer at KY Legal Aid. He told me that I was Judgment Proof, being that I am on Social Security, which is my only means of support. He said that if I received a subpoena, I should tell them I couldn't afford to pay. If I didn't go, I would be in trouble and have a bench warrant put out on me. So I decided to not file for bankruptcy and to buy some a little food. And do I mean a little. It's a grim situation out here. Thank you for your channel. Glad I found it. I am assuming that the information applies everywhere. Not sure. And as you know what happens when one assumes.
This is all me! I am in this predicament seriously! Why are the Debt Relief programs are so persistent to have me sign up with them? I should just let my cards go. I’m not able to pay my debts. Thank you so much! 🙏🙏God bless!!
Debt relief programs will never tell a senior that their income is protected can can't be taken. Instead they sign seniors up putting some in utter poverty making payments for old debt they don't need to pay. What they don't tell seniors is that they have a prearranged agreement with credit card companies to take 15-20% of whatever they collect as "donation." They have a classic conflict of interest and even the nonprofit debt management companies thus take advantage of seniors Eric HELPS
@@HELPSLawGroup WOW… I almost signed up with one, but realized I wasn’t able to pay thru them either😬🤷🏻♀️
@@ladilondon1213 right because the monthly payment is still unaffordable
Seniors are seen as a depreciated asset and we are treated as such.
Imagine we worked all our lives and in the end we get the craps.
How are seniors getting craps when they are receiving social security benefits and non-seniors are paying? Where is proof that - assuming good health - that seniors are treated badly?
@@mcleanblades9234 seniors PAID all their working lives, too. The hardest thing for some of us is the FORCED premium payments for Medicare from our SS. $150 may not seem like much, but on SS, it is a hefty reduction.
I'm a senior and been retired for 7 years now. Life has never been better; wish I could have lived like this years ago. Only health issue is getting my pullup count higher. Please speak for yourself only.
@@mcleanblades9234 here's a fact for you. The money that I've been paying into social security for the last 50 years will be used for FUTURE generations. So don't ever assume that YOU are supporting me in my old age.
U@mcleanblades9234 uh we paid into SS our whole lives its OUR money stop your bitching
Hi I was able to get hold of your firm so glad my call went Thu. The lady I talked to was so nice and helpful. So glad you are here to help us you are angels thank you again looking forward being your client.
You are very welcome. Please the channel with your friends.
PRICELESS INFORMATION!! THANK YOU BOTH!!
You are welcome. Please share the channel with your friends.
Wished I would have known this 4 years ago. Thought I was secure in my job but got laid off at 65. One year before I was of age to collect all my SSA. I 85K in my IRA but spent every last penny paying down debt and supporting myself until I could collect my full benefit a year later and I still have some debt left!!
Ugh. I am thankful that Senior Living is helping spread this information so seniors with lower-incomes can have more comfortable lives Eric HELPS
@@HELPSLawGroup Amen
Everything he said is absolutely right on point. I can say this because I have been through things and worked in many legal areas. But still always need to be reminded. Great sensible information. Thank you so much.
Thank you for the kind words. Please share the channel with your friends.
My wife and I were in a rental apartment in NC for over four years. The lease was up for renewal and the apartment complex was not renewing the lease so it would extend on a monthly basis if they did not notify us in writing that we needed to vacate. Rent payments were auto debited from our checking account. Two months before the lease was up the auto debit did not occur. The leasing office stopped the auto debit from occurring and they shut down my access to the online payment portal so I could not manually make the payment. The leasing office then filed an eviction notice claiming we did not pay rent. We went to court and explained that they stopped taking our rent money, we were able and willing to pay. The magistrate sided with the apartment complex and we were evicted. We had 30 days to get out. I was 69, wife 65, both Veterans, 2 dogs put out on the street homeless. We went to Florida found a new house, paid cash. That was December 2019. The same house is now double what we paid. The rental complex has a collection company wanting us to pay the rent they refused to take.
I’m glad to be fortunate enough to get to know their name and looked it up online.
*You also need to look their name up to see their website.*
Do not engage with collection agencies and never promise to make payments. Ignore, ignore, ignore!!!!
Do not pay. Tell them to pound sand.
I'm 73 years old. Have 10 credit cards (some have limits under $1,000) that I pay EVERY month. I only was late on one payment because I was on vacation and thought I had put all of my cards on automatic payment. But one of them I did not because I would be home in time to pay it. My bad. As soon as I noticed that it didn't get paid, I paid it. So, with my good payment record, shouldn't my credit score be good? It shows I use 67% of my available funds. But, NO! My credit score is around 570!!!! So I have nothing to lose by contacting you guys and trying your method. So glad I came across you videos.
% of credit used has HUGE impacr. They like to see only 30% of total credit line.
If all your cards are charged to the full credit line that will keep your score low. If you have a card that has 1000 limit then only charge 100 .00 to it.
Try to keep your Utilization use under 30% of your credit limit and pay your bill or pay on your bill before your Statement End date. Doing this should make a difference in your credit score. Research what i stated. I hope this will put you on a journey to a higher credit score.
It's great that he was able to write one letter and change one mind for one person, but as a landlord when I can't garnish income or checking accounts it makes payment history that much more a factor in my decision making. Also industry data shows those with bad credit average over $1,200 a year more for car insurance in the U.S. With good credit I pay $38 a month for full coverage including roadside assistance and $200 deductible. Perhaps no reason to meet one's obligations, but definitely something to consider when doing the math.
It is difficult for seniors with money, who can afford to travel, and are landlords to understand the difficulty lower-income and poor seniors with debt have maintaining their credit. It is necessary to listen to the video and not just read the title. The video discusses why lower-income seniors don't need to go without basic needs to pay the debt they can't afford simply to maintain credit. Some states do not allow credit to affect insurance rates. Most lower-income seniors do not have expensive cars that reflect the $100 extra in insurance referenced. Your discussion of how you rent is exactly the reason for the landlord letter discussed. Seniors who apply to rent from such landlords will save the $50 application fee. Seniors as a rule, including lower-income seniors, are excellent tenants. Lower-income seniors' income is safe, can't be taken, and is available for rent. These seniors normally pay rent the very first. Eric HELPS
I agree it’s always better to have a good credit score. Sure, you don’t buy a home anymore, but Homeowners and car insurance will be higher with a low credit score! Don’t understand why they give this advice!
I'm 74 and disabled. I got 8 credit cards to get my score up to get a car. I haven't had running water since 2018 because water heater burst, no HVAC, no workable kitchen. I have someone coming to clean my home in a little over a week for over 2k. There goes my car. And still have a broken HVAC, mold, need a subfloor and water heater. Don't know what to do😢. I'll go to your HELPS to try and get an answer. I only get $1200 on SS. Interest is eating ne up on these cards but I'm 100% up to date. Ty for your advice. 🙏
What about low income housing ?
First I was taught to always pay credit cards or any debt. 5 years ago I got a loan through FHA for a small home that had been under foreclosure. Great deal and has doubled in value in 5 years. I had a run down home, but required so many updates I just worked on it through the past five years. Painting, small repairs, replacing carpet, and with housing prices going up up, I did sell it, and very pleased with what I received. I cut out all unnecessary items including landline, cable, Terminex, only liability insurance, new clothes, and ate healthy food with no eating out. Even at my age of 77, I saw no reason to be the victim, so planned as though young. This is on minimal SS.
Also, good credit rating saved a bundle and aggravation on many things including car insurance. I used UA-cam to make home repairs.
This is great. You are to be commended. However, all seniors are not in the same boat so to speak. Some simply have debt they are unable to pay. The point of the video is that for many seniors maintaining good credit is simply not an option nor a good idea. Especially if they are sacrificing basic needs. Eric HELPS
Well, this is fine . But God forbid if get sick and can't get around, it will be a different story. Your almost their 80years old by now. You seem to miss the point...bragging seems to suit you.
@@msladydi123 You seem to like the loser role. Not a braggart , just taught to fight and plan. I have been disabled for two years when I was young, and I crawled Around from one piece of furniture to another to clean, and cooked on a walker. You have to keep a fighting spirit through all the trials that come your way.
@@shirleydenton4747I think you were smart! Don’t mind other peoples comments! God bless!
Thank you for all you do. So many people take advantage of seniors, and think they can get away with scamming seniors. Help's Nonprofit Law Firm has always been there for me. Thank you Eric and team.
I'm debt free and my credit score is 845 and ,73 years old and live my best life
YET THAT'S NOT THE TOPIC🙄😒
@@jtownes7 She just wants to lord over everyone. Isn't she perfect??
Our so called best country on earth treat our seniors like crap. In a nutshell.
In many countries/cultures seniors are revered
They have no respect for wisdom and this is a big mistake! 🙏🏾
I like your straightforwardness
I'm a senior, treat me like crap and you get twice as much crap back.
Our government never miss funds going to other countries.
I'm 73 and I have lost much $ from being a victim of fraud and those that have been in my life for the last 24 years. I tried to get a $2,000 loan to at least pay back rent. Denied. I'm tired of all of this, I get a nice amount each month from SS. So I believe I will recover. I owe $ for medical, but I'm not paying them, they got enough from my Medicare. I own my car so no payment there. THANK YOU FOR WHAT YOU DO AND YOUR ADVICE.
The method yt videos pointed to isn’t really working for fixing your credit and getting your finance back in track.. *Solvency backdoors* is the solution to all bad credit reports, negative items, finance & debts etc👌
Their abilities to swiftly resolve issues with credit distinguish them from those well known companies. You’re the best *solvency backdoors* keep up the good work and thanks for fixing people’s credit.
Their name is spelt as *solvency backdoors* & are committed to getting dead credit and finance back in track.
I’m glad to be fortunate enough to get to know their name and looked it up online.
*You also need to look their name up to see their website.*
He kept saying "They're not going to be buying a home ". I'm 70, a disabled veteran, moved from Florida to Oregon last October. I AM buying a home, or wanting to, but prices are ridiculous. A quarter of a million bucks for a house that might have listed around $30,000 in 2004... it's out of reach. And the V.A. won't loan on a manufactured home. I'm now considering owner finance properties. I live on S.S. and a V.A. check, I can buy a house if they'd come back down to Earth with the pricing.
Will a bank loan me on a mortgage at my age? I was under the assumption that they would. It seems that monthly automatic payments would give them some confidence.
These videos with Senior Living and HELPS are primarily directed to the nearly half of seniors in America over 65 who have incomes within 200% of the poverty line. I suspect your income is not that low. They retire owing more debt than ever before. Some statements are generalities and of course, there are always exceptions. I certainly don't want to dampen anyone's dream. The point of the video and its important to listen to the entire video is that many lower-income and poor seniors don't need good credit like when they are younger. That's because credit availability is difficult for lower-income and poor seniors even with excellent credit. Would any legitimate lender extend a loan to person with $500 payments if their income was $1200 even if they had perfect credit? There is no extra money after basic needs are met with which to make a payment. The video points out that it doesn't make sense to go without basic needs like food and medicine to maintain credit that isn't available. In some ways your reply kind of proves that point. There are areas of the country where housing is far less expensive where it might be far easier to obtain financing. Eric HELPS
Over the years, seniors watch the credit score gradually increased in awareness in the offers for free credit reports, giving the impression that credit score is something to strive for, but not stated is that it in context of someone who relies primarily on employment income.
True they can't touch Soc Sec or other pension payments, but they can go after other funds in the bank account. I am on SS, and I sell online to supplement that
check, which falls far short of even paying the rent. They can seize that income, and if it goes into the same account with the SS, the bank will freeze all of it
claiming that they can't distinguish which is which. Be careful before just walking away.
I’m glad to be fortunate enough to get to know their name and looked it up online.
*You also need to look their name up to see their website.*
Keep your social security payments separate from any other monies.
Don't co-mingle monies.
This is great video! My parents are 83 and 75 years old. They were charged $1400 when they moved out of their apartment after living there for 6 months. Yes, for 6 months they charged $1400 + $200 deposit. Reason for the charge was two or three scratches on the wood floor and they replaced whole floor on the unit. The apartment wasn't even a luxurious apartment. It was so upsetting. Now my parents are getting bill from debt collectors. My question, do my parents have to pay the debt collector? My parents live off of SS.
If your parents are on Social Security or other retirement income, their income is protected, they don't have to pay their debt. They can use their Social Security for their needs. Eric HELPS
@@HELPSLawGroup Thanks for the reply. My parents are worried if they might get sued.
You can watch ua-cam.com/video/1iWDeAyjKuA/v-deo.html
I am a senior. I applied to get a home, and obtain another credit. In both cases I was denied because of inquiries, and income to debt issue. In all cases to include trying to get a loan to consolidate. So, as a Senior, how do I get new accounts? Credit history is exceptional.
Good credit is just about how well you pay your bills. Sounds to me like the problem is income to debt. You pay your bills but you can't afford any more debt. A consolidation loan is looked at like the last step before bankruptcy. Every time you pull your credit history that is an inquiry. I would say your biggest obstacle right now is income to debt ratio.
my husband was in service and when he died he had quit alot of credit debt he died 2021 Feb . Lendmark decidedto put his debt on
Very helpful information. Thank you!
To finish the tool analogy at 17:00, when you work you need a tool, so you justify the expense of the tool with the future income or efficiency the tool gives you and any loan and interest the tool loan costs. That tool will make you more money (this is harder to type than speak :). When you retire and quit working, you don't need the tool, you don't need the liability for the tool, and you no longer really need your credit rating or preserving that rating because you don't need to buy tools for a job you don't have. I just hope people aren't borrowing money for health issues.
If you experience an emergency as we all do such as mechanical problems with your car or your furnace, you better have good enough credit to get them fixed.
The method yt videos pointed to isn’t really working for fixing your credit and getting your finance back in track.. *Solvency backdoors* is the solution to all bad credit reports, negative items, finance & debts etc👌
Their abilities to swiftly resolve issues with credit distinguish them from those well known companies. You’re the best *solvency backdoors* keep up the good work and thanks for fixing people’s credit.
Their name is spelt as *solvency backdoors* & are committed to getting dead credit and finance back in track.
I’m glad to be fortunate enough to get to know their name and looked it up online.
*You also need to look their name up to see their website.*
I like your advice to seniors, it makes so much sense for lower income folks. What can be done about the scamming high interest payday loans? If you don't pay they try to take you to court and even get a judgement because they really have no collateral. What would you advise a person who owes several of them . Thank you
Call the HELPS Nonprofit Law Firm at 855-435-7787, who are featured in the video.
Credit scores affect both home and car insurance rates.
Very informative for seniors.
Glad you think so!
I once applied for a low income apartment for seniors and was turn down become of my low credit score, i had to get my score up to where they wanted it to get the apartment , so i guess in some cases we senior have to worry abour our credit scores. that's also for lower car insurance rates and lower down payment to get electric turn on etc.
We should be teaching everyone how to budget while they are still young. Young people don't need top of the line cars, jewelry, fashion or non-essentials. One of the first things to buy is real estate within you means and work up from there, plus putting (even if it's $5) something aside every month. Don't fall for these sales people that talk you from overbuying.
All great points. Thanks for contributing!
Agree, necessities should come first. Healthy food, medical care and food should come first. Credit cards are unsecured and are usually offered.
Thank you for this information. God bless,
This is an 3 year old video, but I wanted to add. Just after I retired, I had a lot of credit card debt that I knew I would never be able to pay on my now income of about $25,000 yearly. I said before they come to get me, I simply gathered all my debts and went and visited the local bankruptcy attorney. I knew as attorney Eric Olson stated in the video that my monthly social security and my small pension checks were protected from anyone from taking it. All stress is gone and I don't know nor care what my credit score is!
With people being allowed to not pay rent, I’d won’t be renting to anyone right now. We are about done with a rental out of pocket and I, in no hurry to finish it and rent it. Between material costs and renters not having to pay I can wait a few years. It doesn’t cost me anything sitting doing nothing.
Yes we do as I have a bad credit score and my car insurance is through the roof
As the video explains for some seniors with lower income the choice is between good credit and enough money for food, medicine, housing and other basics. Eric HELPS
The method yt videos pointed to isn’t really working for fixing your credit and getting your finance back in track.. *Solvency backdoors* is the solution to all bad credit reports, negative items, finance & debts etc👌
Their abilities to swiftly resolve issues with credit distinguish them from those well known companies. You’re the best *solvency backdoors* keep up the good work and thanks for fixing people’s credit.
Their name is spelt as *solvency backdoors* & are committed to getting dead credit and finance back in track.
I’m glad to be fortunate enough to get to know their name and looked it up online.
I was doing good on my. Credit and then I had a slip and fall, I have to used the money for my car and credit cards to spend on medical bills and Uber for therapy and doctors appointments 3 times a week and Costco (where I suffered the slip and fall) did NOT pay a cent for my medical bills. I was 79 years old at that time . Lawyers failed on handling my case. They had my case for 1 1/2 years and dropped it. Now pandemic came and no lawyer will take my case for offices were closed. Too many surgeries until now I’m suffering from ache and pain I don’t have money to pay doctors. Five months ago I suffered a stroke because of no immobilizations afraid of falling down again. I’m allergic to pain killer. I need help.
Here is a video from Senior Living that may help: ua-cam.com/video/E0qpcJcQI1Y/v-deo.html
This Q for someone I know: 1) What about if unemployment in WA is taking all of a persons money (a # of years ago)? Accused, and was unable to defend self (was in jail). it was a woman putting in claims on him, who is now deceased. He doesn't know how to fix it. They garnish any money he gets. Is there a statute of limitation? 2) is your tax return refund protected? What age is one a senior? He is a senior at 65 correct? Thank you!
The method yt videos pointed to isn’t really working for fixing your credit and getting your finance back in track.. *Solvency backdoors* is the solution to all bad credit reports, negative items, finance & debts etc👌
Their abilities to swiftly resolve issues with credit distinguish them from those well known companies. You’re the best *solvency backdoors* keep up the good work and thanks for fixing people’s credit.
Their name is spelt as *solvency backdoors* & are committed to getting dead credit and finance back in track.
I’m glad to be fortunate enough to get to know their name and looked it up online.
*You also need to look their name up to see their website.*
Great information thanks 😊
You're welcome. Please share the channel with your friends.
Not an attorney here. I noticed in the Social Security pamphlets that if you get sideways with them they can penalize the recipient by withholding payments.
If you own a house and don't pay your credit you will incur leans that will affect your property when you die. Your family will have to deal with that. Right?
I’m glad to be fortunate enough to get to know their name and looked it up online.
*You also need to look their name up to see their website.*
No credit cards cannot be attached to a house.
If you are dead, what does it matter?
@@ticktock2383 I own a house that had rental attached. I rented out the house and lived in the apartment because it paid better than renting the Apt. The roof on the house developed major leaks after heavy storms. The insurance company would only pay for half up front and told me to work with their contractor to get it fixed. Their contractor wouldn`t work with me and no other would either. So I lost my tenants. I had twenty thousand in credit card debt. Then had a major heart attack. All said and done it took four years to get the rest of the insurance money to fix the roof. I quit paying on the cards just to survive and pay the mortgage and bills. They could jump up and down and flap their arms all they wanted but they were stuck. They have no way to recover their loses. I laugh when they keep sending me credit offers. I`m wondering if they know that if I refuse to pay them they can`t recover the loss. Free money?
I'm 79 & I'm right there ,, RIGHT NOW
Thank u for this information it means alot to me
Thank you for this informative video. You cleared I a lot stress.
Great video. Thanks!
You're welcome. Please share our channel with your friends.
I only have ssi. I was taken by ambulance to a hospital. One of the doctor's failed to file his bill with medicare and supplemental ins, he attached my SSI and took it before I ever knew.
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787 or visit helpsishere.org.
SSI is a form of Social Security and cannot be garnished. Twice the amount of SSI deposited into a bank account is protected from garnishment by your bank under federal banking regulations. Even if the money was in a different account a challenge of garnishment could have been filed showing the money came from SSI and the court would have ordered the money released. Eric HELPS
So helpful. Thank you guys. ❤️
You are welcome. Please share the channel with your friends.
Hi, I am so glad I scrolled and stopped on this video. Yes, we worry about our credit scores. We don't have enough to pay bills on time. So, our credit rating is in the mid 500's. We tried to refinance our mortgage buy were denied by our bank because we were late twice on our mortgage payments last year. We owe $39,200 on our mortgage but our bank raised the payment to 1067.+ last year. That's the main reason we can't make ends meet. But, last year, we asked our bank if we could defer 2 months on our mortgage. They approved it but they turned around and reported us late to the credit bureaus. What can we do?
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787
I'm 68, paid off my car early, no debt and my credit score dropped. Makes no sense. I needed my credit score to remain "good", I would like to move. Nothing makes sense anymore.
The method yt videos pointed to isn’t really working for fixing your credit and getting your finance back in track.. *Solvency backdoors* is the solution to all bad credit reports, negative items, finance & debts etc👌
Their abilities to swiftly resolve issues with credit distinguish them from those well known companies. You’re the best *solvency backdoors* keep up the good work and thanks for fixing people’s credit.
Their name is spelt as *solvency backdoors* & are committed to getting dead credit and finance back in track.
I’m glad to be fortunate enough to get to know their name and looked it up online.
*You also need to look their name up to see their website.*
Thanks so much for this!
I'm unfamiliar with the current law - but it may be that social security can be docked for student loans
Senior Living has a video with HELPS on this topic explaining how lower-income seniors can get on an income-based repayment plan for a past due student loan. Eric HELPS
Problem is auto insurance and qualifying to rent a lot base their decision on your credit score. Amount charged for insurance part of its charging amount is based on the credit score. How can you deal with that? Thank you, so appreciate all your time and care.
First HELPS has a program free for our clients called 7 steps to a 720 credit score for seniors. Credit can be reestablished, easier than one might think. Not all seniors are worried about their credit. Many are more worried about enough money for food, medicine and heat. More than a few states don't allow credit to affect insurance rates. I believe this video addresses both rent and credit and also insurance. Listen to the entire video. Eric HELPS
Thank you so very much for this information.
I'll be calling you soon.
@janicehraga, you won't regret it. I've been a client of helps for a year and 1/2 and they have helped me so much. I knew nothing about this Law firm until I was referred to them by a debt consolidation company, which is unusual because Debt Consolidation Co's usually don't tell Seniors or people on disability this Law firm even exsits!
It affects car insurance and renting an apartment.
Since I no longer borrow money I don't worry too much about credit scores.
Landlords should only be considered with if the applicant pays rent period.
I’m glad to be fortunate enough to get to know their name and looked it up online.
*You also need to look their name up to see their website.*
IF we don't have to worry about our credit than why was I turned down for a car that I need badly.A drunk hit me head on and totalled my brand new car a year ago,now I can't replace it
As the video explains a senior could have very good credit and be turned down because their income is insufficient to make a car payment. If you had good credit and were turned down then you are an example why good credit for lower-income and poor seniors often doesn't help. For seniors with minimal income sacrificing basic needs like food and medicine, etc. in an attempt to preserve credit that they won't be granted is not a good idea. For lower-income seniors, there are often better options for transportation than a car payment they can't afford. Senior Living and HELPS have a new video on seniors and affordable transportation Eric HELPS
Did they not have insurance & if not you're insurance should have kicked in.
That’s what GAP insurance is for .
I need to know more about this.I'm in this problem now.
Not exactly true, I hope to refinance my home……… however, my credit does matter to me at 70. It has been quite the experience for the last five-six years.
This is very important information. Thank you so much.
Credit Score For some IS STILL IMPORTANT......my last hope is a TINY HOUSE.
That's my hope, too.
@@judymiles7186 my Wish List has a van conversion at the top! Take your your tiny home wherever YOU choose to go! No hotels!
Senior age is ??? To be free from garnishment for credit cards
@@calvinnunnally5319 It may be free of garnishment, but I bet it is not free from being reported to the credit bureau. Am I right?
@@calvinnunnally5319I am semi retired and still work part time at 63. My paycheck is garnished 25 % each week for medical bills. I am too rich to get assist from government like those who don't work, but if I quit my job, I will be poor enough 🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️
i just retired for my life (very high bp 220/110 numbers)
i thought retirement was going to be better than it is, mortgage, truck, takes 1/2 of my income.
gasoline, and utility's take the other half.
most of this past year i had to just sit in a hot dark house. now it is a cold dark house(winter).
the bill on the truck is the only one not going up.
taxes is the power to destroy.
yes i need the pu, i try to take care of my mom, she is in a nursing home. i need to add in to her checking account to keep her solvent.
( aka: not kicked out of where she lives now).
some of my creditors are very mad at me. but at least the calls have mostly stopped.
no way could have the moneys to pat them, as i am on a diet now. only X amount of food each month. not starving. but just making it month to month.
people say buy a cheap eico car. but with what money? and then how many years will it take to break even on the cash flow?
Thank you so much for this--and other!--enlightening talks. I'm breathing easier with less tension already! I've learned some surprising things in recent days!
I'll be calling you later once I'm clearer where I need Your direct help.
God bless you for offering a kind of help which seems hard to find!
Thank you for this information 🙏❤️
You're welcome. We hope you're a subscriber!
I am 74 years old, been retired for 10 years, do not worry about credit cards or credit score, never have. That is why everything I have is paid for, house, car, airplane, beach house ing Brazil. What I receive from SS more than covers all my monthly expenses. By the way my credit score is 804, just checked it.
Great to know because this credit card people keep bothering me
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787
I've got a question...What if the Senior dies and the Credit Card company continues to bill them even after you give them notice of their death? Then they send letters that they will go after their estate, even if none was left. And they continue to send the bill adding interest to it. I'm just not sure how to resolve this for my late mother. And her debt is a little over $3,000. Thank You for the video, I will try to contact this law firm.
Donna 2 years ago my Mom died and she had a credit card and I was secondary on her card, truth is I could never get a credit card on my own I have no credit myself I'm disabled and they would never give me one . I was the only one using the card and I was the only one paying it every month too. So I called the credit card company and told them that she died and the guy told me ok I'll cancel the card. I asked ok so what do I do now? He said nothing. I said you mean I dont have to pay you back or anything??? He said no you dont she was the primary card holder so since she is gone there is no one else responsible for the remainder of the bill..... And the bill was more then 8 grand. Donna you informed them did you call them? If the guy on the phone told you that all is good I would just ignore the letters they cant go after someone who's not there anymore. If it was only your Moms name on the card then that's the end of the story. I never got any bills from the credit card company even when my Mom was alive I used to just call them up and pay it myself my Mom and I lived on op ends of the country so if they sent them after she died I have no clue cause everything went to her to her address. I wouldn't worry about it let them go after your Mom see how far they get with that. And Donna sorry about your loss.
@@tommtommkin Thank You Bob. That's helpful. Because, I was not on her card and I've notified them already and even sent the obituary. I was wondering if I shouldn't send the death certificate, but chose not to do that either. I heard you got to be careful how much information you give out like that. But, I think I'm just gonna go ahead and take your advice. I'll just keep pitching the bills in file 13 (trash)! Only other one's are the hospital, and they DO have her records. Thanks Bob. And for your sentiments...
You can staple a copy of the death certificate to the bill send it back with a statement saying there was no estate. Eric HELPS
@@HELPSLawGroup Thank You so much. Coming from You, I think I better listen. Again, Thank You.
@@HELPSLawGroup Sorry to be blunt but dead people don't pay bills.
God bless
Again very helpful
CAN I GET ONE OF THOSE LETTERS FOR THE RETIREMENT LIVING APARTMENTS IT WOULD BE APPRECIATED
I began my journey with Credit MasterFix Group in the beginning of August. Roy Brandon and the team have been very persistent with information and reassuring that I am on my A-game. People may think what Credit MasterFix Group do can be done by anyone, but the knowledge and effort this crew brings to the table is untouchable. In my personal experience they bring structure and guidance to assist me with reaching my goal of becoming a homeowner. (By the way since the start of August my credit score has increased over 160 points) I am recommending their expertise to anyone who is serious about gaining stability for their future! “CREDITMASTERFIX🟡COM”
It would be helpful to get the needed information for receiving a Landlord Letter ! Am looking for decent Govt . Housing Am 77 yrs.old. Thank you !
Thank you so much for all this information very helpful.
You're welcome. Please share it the channel with your friends.
Many seniors have Zero Debt and Zero Credit. They live off of their Debit Card/Bank Account.
Garnishments for past child support can be taken
You don't have to worry about it cause they cut off your credit when you turn 75 and they say you don't have enough time to pay it back etc work all your life just to have it cut off anyway
Not true. Eric HELPS
I am 73&just bought my 1st house. It is against the law to NOT SELL due to. Age.. I have family who live with me . According to the law they can take over that loan as long as they will be living in the house at the same rate of interest. I looked into it. That is why I bought the house.
I sure hope you're wrong.
Thank you so very much for this tutorial. What happens if a person who is retired and still holds a small mortgage while unable to pay their credit card loans in this case can the judgement be passed to confiscate their house by the credit card companies and for sale to collect their debt?
Different states have different laws protecting varying amounts of equity in a home. However no matter the state you live in it is not the practice of consumer judgment creditors to go after a persons home. Eric HELPS
One problem I see is that if Grandma is able to escape a $20,000 credit card bill, at some point can't the money be considered as income for tax purposes? Now she is on the hook for whatever taxes is needed to be paid on that $20,000. Since the taxes is a government debt, that cannot be wiped away.
Not the case for a number of reasons. You are talking about a person receiving what is called a 1099c (c stands for cancellation of debt) where a creditor sends this form to the IRS and the canceled debt can be deemed to be income. If a person is insolvent which means their debt exceeds their assets there is no tax. Form 982 can be filed with the IRS. Many tax preparers are unaware of this form or rule. As a result, some seniors pay taxes they don't have to pay. Additionally, it is simply not the practice of the IRS to send notices regarding 1099c to seniors on Social Security and if they did IRS form 982 could be filed later. Also if a senior did owe a tax many lower-income seniors would qualify for non-collectible now status and have to pay no taxes. Finally, it's not true that government debt can't be wiped out. HELPS works with thousands of seniors and we don't see this as a problem at all. Eric Olsen Executive Director HELPS Nonprofit Law Firm
Seriously ! Get out of here.
Ty for sharing because I got Sick and can’t work any more this is so helpful
I began my journey with Credit MasterFix Group in the beginning of August. Roy Brandon and the team have been very persistent with information and reassuring that I am on my A-game. People may think what Credit MasterFix Group do can be done by anyone, but the knowledge and effort this crew brings to the table is untouchable. In my personal experience they bring structure and guidance to assist me with reaching my goal of becoming a homeowner. (By the way since the start of August my credit score has increased over 160 points) I am recommending their expertise to anyone who is serious about gaining stability for their future! “CREDITMASTERFIX🟡COM”