To make a long story short... I had a student loan that defaulted.
We finally let our tax refund pay the loan...so we thought.
They took the refund...which $1,800.00. We assumed it was
paid in full. We later received a bill stating that we owed another $1,800 because they left a balance of $18.20!!!!!!!!!!!
This is in Indiana and I want to know how they can keep collecting on something, that was already paid and how do they get by with this? As far as I'm concerned this is theft!
I want to know who to contact because this should be illegal for them to continually keep taking advantage of people and get away with it. I'm NOT PAYING THIS AGAIN!
Can you be made to pay twice for a student loan that was already offset on a tax refund?
I agree, this sounds like a delay in the time it took to register the payment and the time the next letter was sent out.
However, once you are in default, the lender has the right to add all kinds of fees and hike the interest up. So if the %26quot;original%26quot; loan was only $1,800 that tax refund probably wouldn't come close to paying it off. You could easily owe 6,000 or more depending on how long ago you took the loan out. Just so you know.
Good luck and call them asap.
Can you be made to pay twice for a student loan that was already offset on a tax refund?
NO,contact the IRS and get them to send you the return info and then challenge it.
Can you be made to pay twice for a student loan that was already offset on a tax refund?
this seems like an error. typically the guarantor would just bill you for the remainder.
the government regulates the industry, and i am pretty sure this is not something they would allow.
i would contact the IRS first, for proof that you paid what you did, then I would contact the guarantor (collection agency) to see what they have in their system as due.
my concern is the tax payments not being allocated correctly to reflect the paid status of your defaulted loan. i would see where that money went to.
good luck.
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