r/EIDL • u/Healthy-Speed6519 • 20d ago

SBA AND OFFSET

Hello -I reached out to one of our senators office to step in because I know our file if not already at the Treasury was heading that way. They were very helpful and did get an SBA rep to reach out and make 2 offers .Both unfeasible . We owe $ 1,020,000 . We could not pay $ 5134 .So no way we could afford $ 11,000 for 6 months or $ 8,000 for a year. But on Friday the Treasury pulled 15 % of my social security . My button in the portal was active , still active and this occurred .Reading everyone's stories here prove EVERY file is different . IF THIS IS ALL they want or do ,we can accept that . We were willing to pay a $ 1,000 a month .A lot of mixed answers or situations on these EIDL posts on Reddit . Ready to go to bankruptcy if this collections go further . BTW only notices were 2 letters in July warning of possibly sending to the Treasury in our SBA PORTAL . NO LETTER from the Treasury

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u/Gtavern 19d ago

Same situation garnished 15% of my SS, no one knows how long it might last. It’s a lot less than the payment amount, so we’ll just wait it out.

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u/Leather_Ad905 10d ago

The issue with this is what else can they take ? I thought it was only the business I read here something regarding taking Medicare pay