I've been no good when it comes to my student loan so I figured they would take my 2012 refund which they did. But I have some questions.
Has anyone ever had their refund taken to pay off a student loan? If so, was the amount that is being taken more than what they (the collections agency) were trying to settle out with you?
If so, since your refund is going to majority of your loan and you only have interest fees to pay afterwards, is there a possibility they could settle for that amount?
I really can't get any answers from my collections agency being that they have not recieved anything from Dept. of Ed. regarding my refund yet (it takes a few weeks). I did recieve a letter on my end. In the mean-time the collections agency would like me to continue to pay the monthly amount we agreed on which I have.
I'm pretty happy with the amount that is being paid, that is a HUGE weight off my shoulders and one less big bill I will have to pay soon.