Ask Larry

Can I Get A Personal Loan While I Wait For My Back Pay?

I got approved for social security disability benefits I'm waiting on back pay deposit for 2years and 2months can I get a personal.loan while I get my deposit in the next 30 days

Hi. You can't get a loan from Social Security, but taking out a loan from some other source wouldn't have any adverse effect on your Social Security disability (SSDI) benefits.

Best, Jerry

Category: 
Posted: 
May 7 2023 - 5:39pm
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.