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Send Top sheet of Tax return?

Date: Fri, 07/30/2010 - 14:52

Submitted by anonymous
on Fri, 07/30/2010 - 14:52

Posts: 202330 Credits: [Donate]

Total Replies: 3


NAVY FCU said that they needed more infor to get into the hardship program and asked for the top sheet of tax return because I work for myself and don't have a pay stub. they also asked for wives stub and I said noi because its all my debt! I heard NAvy really goes through alot to QUALIFY you. HELLO, I am behind my payments, not much more to qualify than that!

would you send it?

If they don't put me into the program or offer a settlement I may have to BK7 by end of year.


The reason they want it is to make sure that you are not a startegic defaulter. They will take your credit report, look at your income and then determine if you are able to make your payments or not.

I'm not sure I would give it to them. But I might. The problem with the front page of the tax return is that it doesn't show the entire picture. It doesn't show if you are paying out tons for medications each month or other bills that aren't on your credit report.

If their hardship program will save you from bankruptcy then I would probably take the risk and submit it. The front page doesn't tell them who your employer is or where your bank account is so you won't be divulging anything like that with it except your income after your business expenses.


lrhall41

Submitted by Debt Free to Be on Fri, 07/30/2010 - 15:43

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It depends. Many banks will not let you into the hardship program without proof. But if you are looking to settle, you might think about not paying and then try to get a lump sum settlement around150 days after such. Of course, this will wreck your credit and there is no garauntee that they will settle.


lrhall41

Submitted by on Fri, 07/30/2010 - 16:02

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I haven't found anything on NAVY fcu doing settlements, and I've looked over the past 2 weeks. the only thing I saw was someone getting 0% for 5 years with $400 payments.

I might have seen a NAVY that did 5 years and they considered it settled and wrote off what was left. anyone know?


lrhall41

Submitted by on Sun, 08/01/2010 - 09:35

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