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Federal Tax Lien...Student Loan Question


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3 replies to this topic

#1 Committed

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Posted 09 November 2003 - 03:02 PM

Has anyone ever seen a situation where a Federal Tax Lien was issued for student loans?

There are no student loan tradelines at all but, a federal tax lien with a court #999999 and an amount listed. This is myfico so the "real" reports have been ordered.

The Tax lien is only on one report so the questions are:

What is it the result of?
Is it legitimate?

Anyone who cares to weigh in........TIA

#2 SassyinAz

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Posted 09 November 2003 - 03:31 PM

Moving this to the student loan forum, committed, where you'll get more specific responses, and leaving a link here for maximum input.

Sassy

#3 Committed

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Posted 09 November 2003 - 03:42 PM

Moving this to the student loan forum, committed, where you'll get more specific responses, and leaving a link here for maximum input.

Sassy


Thaks sassy.... duhhhhhh forgot about that place :roll: :roll:

#4 eriqnoodle

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Posted 23 November 2003 - 12:23 PM

Has anyone ever seen a situation where a Federal Tax Lien was issued for student loans?

There are no student loan tradelines at all but, a federal tax lien with a court #999999  and an amount listed.  This is myfico so the "real" reports have been ordered.

The Tax lien is only on one report so the questions are:

What is it the result of?  
Is it legitimate?

Anyone who cares to weigh in........TIA


Normally a tax lien is placed when you default on your current student loans. In a situation in which a lien is placed, all federal tax money that is 'owed' to your or overpaid would NOT be returned to you and would be considered a payment. Also depending on how much is owed versus how much they can collect from tax payments sometimes the DOE will start wage garnishment.

If you have not defualted on your student loans then this would not be permissable. If you don't have any student loans, then there is obviously an error. I would talk to the obudsman's office to resolve the situation, as a Federal Tax Lien is serious stuff.




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