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lev-tax, Tax Advisor
Category: Social Security
Satisfied Customers: 29568
Experience:  Taxes, Immigration, Labor Relations
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Can I get a loan through social security? Or can I get a

Customer Question

Can I get a loan through social security? Or can I get a raise in my benefits?
Submitted: 1 year ago.
Category: Social Security
Expert:  lev-tax replied 1 year ago.

The Social Security Administration does NOT provide personal loans.

However you may expect a raise of your social security benefits under some circumstances.

Expert:  lev-tax replied 1 year ago.

However you may raise your social security benefits.
Generally that may be done in two ways
- via COLA (Cost-Of-Living) adjustment - that is done every year based on inflation level., or
- if you earn additional income subject to social security tax - depending on your working history - your benefits might be increased.
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