Thread: Social Security USA

[quote=Storekeeper;2372987]I'm surprised one could co-sign a loan for 10,000,000 baht on an income of only $650 a month.

For your info I'm pretty sure there is a VFW post that holds its meetings out of JUSMAGTHAI.

If she can't afford to fly back to the states or pay for an attorney she may have no choice but to find another bank or credit union in the USA and deal with ATM fees.
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Thanks for your reply,

At the time of the loan, the income was not only $650. And there were assets.

Is it possible for a Non-Us passport holder residing in Thailand but wih SS, to open a bankaccount in the US?

Prem

Originally Posted by BobR

Bangkok Bank operates a branch in New York through which this deposit is made and is therefore subject to American law and banking regulations. She is their customer, which means they had a fiduciary duty to treat her money as a reasonable person would treat their own.

Social security payments cannot be legally garnished assigned or attached in any manner before or after payment as I cited above. She also has the option of demanding the money from Bangkok Bank and filing a complaint with the Social Security Administration and American banking authorities if it is refused.

A letter from the right party would certainly get their attention since American regulators do not play politics or care about the social status of the parties like Thai regulators do.

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Hi BobR,

Will send you a PM, as soon as I reach the 20 posts.

Prem

Originally Posted by liveinlos

You might want to get local Thai legal advice and ask why the bank would allow her to be the guarantee on a 10,000,000 thb loan with only 18,000 thb in income?

It could be highly possible to get the whole thing dropped in court due to the fact she probably never met the banks written qualifications for a loan guarantee of that amount.

At 18,000 a month you are looking at 46 years payback with no interest tagged on.

The bank could be trying to intimidate her due to lack of education or social status.

However, I believe getting hold of the banks written rules and regulations for a loan guarantee of 10,000,000 would greatly assist your case and could prove the bank was definitely wrong in this case.

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At that time income was much more than 18,000 THB

Prem

Originally Posted by Camel Toe

She needs to find an attorney in the US to fight Thailand.

That shouldn't cost more than a couple of years of SS checks.

Nothing and I mean NOTHING one does with the Social Security is easy or fast.

Nothing and I mean NOTHING one does with the Social Security is easy or fast.

Sure, they're hoping you'll die while waiting.

I've found the P.I. Office of SS quite helpful.

A few more observations.

Now one option for the lass would be to go to hong kong and open a bank account with a local bank that does not have a branch in thailand. Then ask the US SS to sen the payments to the hk account. The down side is that she will end up loosing money on exchange and ATM fees, the positive side is that the thai bank will have to goto court in HK to freeze the account. on top of that to find out where the money had gone they would need to ask either the guarantor or US SS... neither of which would be co-operative, I would hope.

The issue will be, and the reason I would suggest she stays out the country, is how will the thai court react to this? You say that the bank is not entitled to the SS payments, but is that under US law or thai law.... because its going to be thai and not US law that decides what can be done with this SS payment once its in thailand. So going down this road will require a lot of care to make sure she does not do anything criminal or generally make things worse for her.... she does not want to get into contempt of court or money laundering issues. Think how a US court would react to someone doing what I have outlined here to get hold of money that was going inot a frozen bank account.

The only other option I can see is to nit pick the contract she signed to guarantee the debt and the relevant thai laws to see if the guarantee can be voided. I suspect this is unlikely given how things work here

The social security money still come in the frozen BKK Bank account by the Thai court, and nothing changed.

After some research and help from this forum there are 3 options:

1) She will apply for Direct Express Card.They will send her an debit card which she can use in Thailand. http://www.usdirectexpress.com
2) Her daughter (has a US passport) will be the representative payee for her mother.
3) She open bankaccount in U.S.A.

Anybody on this TD has experience with the first 2 options?

Thanks,
Prem

Mine was easy to apply for when I was in Thailand. Sent in my forms and got a call from the Philippines, answered a few questions and in three months got a three-month retroactive check (deposit). Got no complaints at all. I may have already mentioned this, sorry if I did.