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 Posted: Wed Apr 09, 2008 10:35 am |
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I have student loans that have defaulted and the IRS has stopped my tax refund. Can anyone please give my some advise. Please do your good deed for the day and help me out on this one. My marriage is on the line here. Thank you and god bless. Hope to hear input soon. |
In order to stop tax offsets, you need to resolve the default, either by paying the loan off in full, rehabing it or consolidating it. You cannot just let it sit. Read the forum....there is lots of informaiton.
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SOAPLADY
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| Posted: Wed Apr 09, 2008 5:09 pm |
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thanks for the advise. One more question am not too on what to do first do I rehab or consolidate. I still want the rehab option. Much Appreciated. 
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| Posted: Wed Apr 09, 2008 8:33 pm |
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rehab first, that gets the negative mark off your credit report
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| Posted: Thu Apr 10, 2008 7:01 am |
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You must rehab the loan first. It will take 9-12 months on on time payments to complete depending on the type of loan.
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SOAPLADY
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| Posted: Fri Apr 18, 2008 5:03 am |
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I need information about the $50 monthly payments that I have been making for more than 20 years. Why is my loan in default if I haven't missed any payments?
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| Posted: Fri Apr 18, 2008 1:13 pm |
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| Quote: | | I need information about the $50 monthly payments that I have been making for more than 20 years. Why is my loan in default if I haven't missed any payments? |
Hard to say without more information.
You can only get into the rehab program if you request it and it is dependant on your balances. You need to be making 1% payments and your balance must be over $1000 after you complete the rehab payments?
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