- How It Works
- ServicesServicesOverviewChoose the right level of support for your plan and needsExpert ReviewA comprehensive review of inputs and reports to get you on the right pathFiling AssistanceLet our experts deal with Social Security for youClawback AssistanceFor those who need help fighting a Social Security benefit clawback
.png)
- Why Choose Us
- ResourcesResourcesBooksFrom the world-renowned economist behind Maximize My Social SecurityWebinars & PodcastsExpert tips and guides to help you get the maximum from Maximize My Social SecurtyArticlesIn-depth commentary on Social Security from our founderAsk LarryThousands of questions answered by our Social Security expertsBlogSocial Security insights to help you maximize your lifetime benefitsFAQYour most pressing questions answered
- Pricing
Ask Larry
Experts at Maximize My Social Security have answered more than 10,000 questions about Social Security over many years. Search for your questions and answers here.
Can I Take Out A Hardship Loan Based On Money I've Paid To Social Security?
Hello, I am in a really hard spot right now, as I lost my job a few months ago and my son's Dad (who has been temporarily staying with us because my ex-roommate skipped out on me,) lost his job a couple weeks ago, we have no income at all and we have no way to pay rent next month. I am currently taking trade classes so I will be employed by January but I am facing eviction before then if the bills don't get paid. I am 27 and know I have $14000 in SS. Can I take out a hardship loan? if so how do I do it.
Hi,
No, Social Security doesn't make loans. I assume the $14000 you refer to is what you've paid in Social Security taxes, and that money isn't refundable. The only way that you can receive money from Social Security is to qualify for benefits (https://www.ssa.gov/pubs/EN-05-10024.pdf).
Best, Jerry
Category:
Posted:
November 6, 2017