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bbrook · Mar 5, 2011, 01:44 PM

I have a couple of private student loans that were charged off last year. I run into some financial difficulty and I just couldn't afford my monthly payments. My question is can they keep my tax refund?

tickle · Mar 5, 2011, 02:41 PM

Do you live in the US or Canada. If Canada, yes they can keep your tax refund. Student loans are regulated same as any loan. Get a job and pay off the student loan or you will forever be hassaled with that on your credit report should you ever want a house mortgage or another loan. Having a clean credit report does a lot for your credibility in life and you aren't entirely there yet, so why f***k up now.

Why do you think you are absolved because you were a student ? You owe the same as any one of us.

Tick

Fr_Chuck · Mar 5, 2011, 06:05 PM

And in the US they may, depending on what type of student loan. Also they can consider in US putting a garnishment on wages.

southamerica · Apr 6, 2011, 02:22 PM

Have you talked to your lender? I don't believe I had any private loans, so this information might not apply.

Some lenders offer deferments for financial difficulty, but not retroactively.

I had 10 different loans (yikes!) and I got them all rolled into one loan.

I would advise you to call your lender and see what you can do to correct the situation.

EDIT: I just looked up the federal consolidation loans, and they're only available for federal loans. Since the OP has private loans, I removed that information.