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Frequently Asked Questions

Question:
Does Social Security offer loans to individuals on their accumulated balances?

Answer:
This is not an option that is available. It is important to remember that when money is paid into Social Security, it is pooled together into what is called the Social Security Fund.  The Board generally does not refer to individual accounts with balances for each insured person. Rather, the Board regards the contributions as being placed on your record specifically for the servicing of prescribed benefits that can go well beyond your actual contributions. s
 

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