averagejane
New Member
I will try to be as brief as possible.
I have a student loan that was in IBR repayment. Through conflicting information as to who owned the loan, it went into default. I was receiving information that the loan was in IBR and then at the same time receiving information that it was at risk of going into default. (This was a very confusing situation due to the loans being sold, and can explain more if need be.)
I went through the NSLDS and contacted the servicer/lender/guarantors to try to determine who could help. Each told me that my loan was in collections yet did not know "yet" which collection agency was servicing it.
Then, during 2013 my elderly mother's health deteriorated, and I became her caregiver. This took every last dime I had. The loan finally went to a collection agency, and I have set up a voluntary repayment plan through them. It's actually a relief to know WHO to pay.
My pay has not been garnished. I am not under any type of garnishment, as the repayment is voluntary.
My mother was admitted to a long-term care facility in January 2014, so my income is starting to recover.
My question is: If I file income taxes, will any refund be taken? At this point, I really need my tax refund because it could help me recover financially from caregiving and the decreased income associated with it. I have reviewed paperwork from the collections agency, and it does not say specifically that they will take it, but when discussing the repayment, they have told me that once I make payments for 9 months, I will be "eligible" to receive my refunds. I am so confused.
I have a student loan that was in IBR repayment. Through conflicting information as to who owned the loan, it went into default. I was receiving information that the loan was in IBR and then at the same time receiving information that it was at risk of going into default. (This was a very confusing situation due to the loans being sold, and can explain more if need be.)
I went through the NSLDS and contacted the servicer/lender/guarantors to try to determine who could help. Each told me that my loan was in collections yet did not know "yet" which collection agency was servicing it.
Then, during 2013 my elderly mother's health deteriorated, and I became her caregiver. This took every last dime I had. The loan finally went to a collection agency, and I have set up a voluntary repayment plan through them. It's actually a relief to know WHO to pay.
My pay has not been garnished. I am not under any type of garnishment, as the repayment is voluntary.
My mother was admitted to a long-term care facility in January 2014, so my income is starting to recover.
My question is: If I file income taxes, will any refund be taken? At this point, I really need my tax refund because it could help me recover financially from caregiving and the decreased income associated with it. I have reviewed paperwork from the collections agency, and it does not say specifically that they will take it, but when discussing the repayment, they have told me that once I make payments for 9 months, I will be "eligible" to receive my refunds. I am so confused.
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