How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Phillips Esq. Your Own Question
Phillips Esq.
Phillips Esq., Attorney-at-Law
Category: Social Security
Satisfied Customers: 19117
Experience:  B.A.; M.B.A.; J.D.
Type Your Social Security Question Here...
Phillips Esq. is online now
A new question is answered every 9 seconds

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: 1 year ago.
Category: Social Security
Expert:  Phillips Esq. replied 1 year ago.
Kindly provide additional information. How old are you? Have you been receiving Social Security benefits?
Customer: replied 1 year ago.
86. yes
Expert:  Phillips Esq. replied 1 year 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.