Social security is one of the few programs available which help seniors avoid extreme poverty. However, seniors may be surprised to find that there are many programs out there which help to maximize seniors' income. To see a list of these programs visit: Maximizing Income for Seniors. 
For seniors that need to get credit, many experience difficulties getting this because of their age. This guide from the Federal Trade Commission provides information and tips on how to get credit if you are over the age of 62. Seniors that own a home may look into getting a home equity line of credit. However, because your home is a collateral for the line of credit, you must be sure that you can make the payments or you could lose your home. As a result, seniors should carefully consult with their banks, family members, and financial planner to determine if this is the best option.
Lastly, as you get older, this means the need for medical care also increases. As a result, seniors are especially vulnerable to suffering from medical debt. There are steps you can do to prevent and fix medical debt. This guide can help you understand common billing problems faced by uninsured and underinsured patients, how to get financial assistance with hospital bills, how to deal with collection agencies, and what to do when patients are sued for medical debt.