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Phillips Esq.
Phillips Esq., Attorney-at-Law
Category: Social Security
Satisfied Customers: 17519
Experience:  B.A.; M.B.A.; J.D.
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Can I request cash from Social Security to pay off my car in

Customer Question

Can I request cash from Social Security to pay off my car in amount of $25,000?
Submitted: 7 months ago.
Category: Social Security
Expert:  Phillips Esq. replied 7 months ago.
Kindly provide additional information. How old are you? Have you been receiving Social Security benefits?
Customer: replied 7 months ago.
86. yes
Expert:  Phillips Esq. replied 7 months ago.
Thank you for the information. Unfortunately, you cannot request cash from Social Security Administration. You do not meet the requirement to get a lump sum payment. The lump sum payment is taken from benefits accrued from suspension of benefits. Since you have not suspended your benefits, there are no accumulated funds for you to withdraw. Kindly give a positive rating to my response so that I can receive credit for responding to your post. There is no additional cost to you for doing this. Thank you for your cooperation.

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