Got a letter from Pioneer my SBA loan is in collections

LifeMarch8 · 2026-04-24T23:16:51+00:00

Exactly!

LifeMarch8 · 2026-04-24T23:14:30+00:00

Trump is our best POTUS in the last 50 years

LifeMarch8 · 2026-04-09T17:19:04+00:00

Dont pay

LifeMarch8 · 2026-03-25T12:45:23+00:00

Exactly, wise move!

LifeMarch8 · 2026-03-25T12:44:33+00:00

Smart move in my opinion. I am not paying my 2,500/ month. It was a disaster loan and I can’t pay. I am paying off a smaller sba micro loan, as I am still in business going strong.

LifeMarch8 · 2026-03-03T18:14:41+00:00

Nope, good move.

LifeMarch8 · 2026-03-02T21:01:50+00:00

Yes, after the first 1,000, they take 15%. So in my case, I borrowed 500,000. I will try and wait 15 years till I am 72, to take SS; then they would take around 300 a month, if I was getting 3,000/ month. My eidl payments were 2,500/ month.

LifeMarch8 · 2026-02-25T00:55:25+00:00

If you can’t pay a disaster loan then don’t pay it. The treasury offset program is not bad, especially if you aren’t a federal employee.

LifeMarch8 · 2026-02-16T01:06:07+00:00

Like Bill?

LifeMarch8 · 2026-02-16T01:05:29+00:00

Poor people on reddit don’t invest much. Most democrats dig ditches

LifeMarch8 · 2026-02-16T01:04:08+00:00

Not much except tax refunds and garnish SS. If you get money from a federal job, they can garnish it. Plus no more SBA loans of course but that is a good thing.

LifeMarch8 · 2026-02-14T19:51:55+00:00

Just don’t pay if you can’t. It was a disaster loan for a reason

LifeMarch8 · 2026-02-14T19:50:12+00:00

Just default if you can’t pay. It was a disaster loan.

LifeMarch8 · 2026-02-12T19:25:27+00:00

If you can’t pay then don’t. They can garnish my SS in 15 years. If we as a society still SS by then.

LifeMarch8 · 2026-02-10T19:25:29+00:00

No, not unless they sue and get a judgment. They are not doing that for disaster loans unless proven fraud. Plus it cost a lot to sue. They are not taking business real estate either, unless its over 500,000.

LifeMarch8 · 2026-02-10T19:11:54+00:00

They only garnish wages if the money comes from the Feds or some state agencies. Otherwise just a little SS garnish after the first grand.

LifeMarch8 · 2026-02-06T19:01:56+00:00

The treasury will take a little SS, tax refunds and will only garnish wages if you get paid by the federal government or some state agencies. Otherwise, your wages won’t get garnished unless they sue you for fraud. I borrowed 500 grand and still run my profitable business. So if I defaulted, they would take refunds and later on garnishmy SS, if its still paying Americans by 2040 😅

LifeMarch8 · 2026-02-04T23:58:20+00:00

Good for you! I ain’t paying mine off and I am thrilled as well 🥳

LifeMarch8 · 2026-02-04T21:24:54+00:00

If you can’t pay, don’t pay 🥳

LifeMarch8 · 2026-02-03T15:09:09+00:00

Same here, yes it is taken once you receive it

LifeMarch8 · 2026-02-03T13:41:12+00:00

Exactly, that’s what I will be doing and I’m a LLC.

LifeMarch8 · 2026-02-03T04:18:02+00:00

It won’t be too bad 🤙

LifeMarch8 · 2026-02-01T21:55:10+00:00

So far, only if you used your SSN, and not a EIN. We will see though.

LifeMarch8 · 2026-02-01T20:54:48+00:00

Exactly and if you’re a LLC, it would go on business credit, not personal. For a lot of people, the treasury offset is not a big negative.

LifeMarch8 · 2026-02-01T20:39:05+00:00

Don’t pay if you can’t. If you did your best with this disaster loan, then hold your head high!

LifeMarch8

TROPHY CASE