27
Most of you are here today because you received notice that your federal tax returns will be offset this year. For those of you that are unaware, a tax offset means the Federal Government of the United States will be seizing your Federal income tax return and possibly your state return as well (depending on the state of residence) because your Federal Student Loan found its way into default/collections.
I’d like to start off by congratulating those of you who stumbled onto our web page last year and purchased the Student Loan Blueprint. Most of you grew tired of having your tax returns offset year after year, some of you had your tax returns offset for the first time and simply wont let it happen again. Regardless, the Feds won’t get their hands on your income tax returns this year! Most of you who purchased the Student Loan Blueprint should have began the loan rehabilitation process during the summer. So…
Congratulations:
To those who started loan rehabilitation in May 2011: should be making the final rehabilitation payment this month (January 2012). As long as the payment was made on or before the 25th, you should be in the clear to file mid-February.
To those who started loan rehabilitation in June 2011: should be making the final payment on or before February 25th for those who plan on filing in March
To those who started loan rehabilitation in July 2011: should be making the final payment on or before March 25th, barely making the tax filing deadline of April 15th.
Make sure you don’t have any stray loans in default that you didn’t know about. As long as you were able to follow the blueprint, all your loan(s) should be well on its way OUT of default/ collections but remember,
“Don’t make the biggest student loan borrower mistake!!”
There are still procedures and paperwork the collection agency needs to complete before your loans will be taken out of default even after the final payment has been made. Most people make the mistake of filing their taxes immediately following their final payment. Your tax returns will still be offset if you do this! Wait about 5-15 days after you made your last payment. Then contact the collection agency the loan(s) are assigned to, along with the Treasury Offset Department at 800-304-3107. You’ll want your loan account closed with the collection agency and the U.S. Treasury to inform you that you’re no longer certified for Treasury offsets. It’s even safer once the loan is assigned to a new lender. Once confirmation is received, you’ll be 100% in the clear to file and will receive your entire income tax refund! Once again, congratulations!
Those of you who are new to our webpage probably have a lot of questions regarding the status of your tax return. Hopefully we’ll be able to answer all your questions here today, help you solve your tax dilemma, and assist you so that you can make the most educated decision. If you have already purchased the Student Loan Blueprint, read the “Treasury Offset Certification Process” section before continuing on to the following FAQs. You can also check out Student Loan Tax Offsets 101
The following questions have been taken from comments left on my blog. Visit my blog!
Q: Stephanie K. says: How do I know if my tax returns will be taken? January 22, 2012 at 10:34 am
A: Your best bet is to call the U.S. Treasury’s Offset Department at 800-304-3107 to check if you’re certified for Treasury offsets.
Q: Steven H. says: I just filed my taxes this past week and learned that my tax returns will be taken this year. Is there anything I can do before they take it? January 23, 2012 at 2:52 pm
A: Unfortunately, there’s not much you can do once you’ve filed. You can attempt to file a hardship claim but at this point, chances of seeing your tax money is pretty slim.
Q: Anonymous says: If I have an offset, will the collection fees also be taken out as well? January 22, 2012 at 4:21 pm
A: Involuntary payments received through treasury offsets are not applied towards collection fees. Tax offsets are applied to the loans outstanding interest before the principle is even touched. If the offset pays off the remaining interest, the rest will then be applied to the loan principle. Collection fees are calculated based off a percentage of the loan’s combined principle and interest. Therefore, as the loan’s combined principle and interest goes up and down, the collection fees will reflect accordingly. Click here to learn more about payment applications.
Q: Chris S. says: I wish I found your webpage sooner! They already took my taxes last year. Are they going to take it again this year? January 22, 2012 at 11:19 am
A: If your taxes were taken in the past, you’ve been certified for the Treasury Offset Program. This means that your taxes will continuously be offset until the loan(s) is either paid off or out of default.
Q: Alicia says: The total student loan debt was 8600, last year they took around 3900 , this year they are taking over 9000, and they said the debt still won’t be paid in full.. How can they do this?? January 12, 2012 at 6:06 pm
A: This will depend on how much interest has accumulated on the loan. There’s a good chance the interest has grown out of control if a payment hasn’t been made towards the loan(s) in a substantial amount of time. If this is the case, the money from your tax offset is being applied towards your loan’s outstanding interest. Since you’ve already been certified for treasury offsets, you can look into the option of a settlement compromise then use the money they’ll be seizing from your tax returns to settle the remainder of your loan(s). But remember, its time sensitive! Click here to find out how.
Q: Ali says: Hi there. I was wondering….I am currently in a rehabilitation program and had to sign this documents saying that I have been making payments (february will be my last one)….On the document it says that I will receive any offsets that have been taken from me by check once my 9th payment is made….does this mean I will receive my tax returns that have been offset in the past due to the default of my student loan? January 18, 2012 at 4:47 pm
A: This does NOT mean you’ll receive the tax returns that have been offset in the past. It means that they’ll return this year’s offset to you if they “accidentally” took your taxes if you file after your 9th payment has been made. Even though they’ll return your money, you don’t want to be stuck in this situation because they’ll usually take a very long time to refund your money. To avoid this, make sure to call ED to make sure the 9th payment is posted on their system before you file this year. It’s even safer if you hold off on filing until your loan has been assigned to the new lender. Congratulations, you are on track to receive your tax returns this year!
Q: Kyle Blanton says: They have been taking my taxes for the past four years for a student loan. I owe 1400+-. If my tax return lets say is 3000 will i receive the difference back? Thank you. January 22, 2012 at 10:56 pm
A: Yes you will receive the difference. They should only be taking the principle and remaining interest on your loan. Once those are gone the collection fees will be gone as well. Any percentage of 0 is 0, and since the collection fees on your loan is based off a percentage of your combined principle and interest, the same will apply. So what I’m getting at is, they should be taking less than $1400 if collection fees are also included in that figure. You may also want to look into a settlement to save yourself even more money.
Well I hope this helps! Most people are caught in unfortunate situations where it’s already too late. They sign a death sentence for their tax money by filing their taxes too early, and are now looking for solutions. The best situation is to stumble across this information a few months before tax season. Ideally, 9 months before tax season. Click here or on the button below if you want to learn more ways to FREE yourself from your student loan troubles.
Please leave a comment, rave review, questions, etc. at the bottom of the page. I hope to hear from you!
Sincerely,
Mr. Kay
Rogue Student Loan Collector
The Confessions of a Student Loan Collectors – Visit:www.FreeStudentLoanStuff.com to get the most shocking truth about defaulted student loans. .
Subscribe to our blog via email or RSS to get more great posts like this one.
by Mr. Kay - Student Loan Collector
Your Thoughtsby January 27, 2012
4
Treasury offset Program (TOP)
With the tax season right around the corner, I have literally gotten over 170 emails since this month started. I wanted to cover a topic that no one else is taking about… The Treasury offset Program.
What is a Treasury Offset? Under this Treasury Offset Program, the Financial Management Service, a bureau of the US Department of Treasury will offset Federal and/or State payments if a borrower fails to pay their obligation. While the most common type of Treasury offset is for Federal tax income refunds, several other types, such as social security benefits and federal salaries are also eligible for full or partial offset. In other words, if a borrower has an outstanding federal debt and they have incoming social security benefits, this too can be subjected to the offset. In addition to defaulted debts held by ED, defaulted loans held by guaranty agencies are also included in the treasury offset process.
Mr. Kay’s Notes: With the TOP program the seized amount is considered an involuntary payment meaning the amount will be applied to the balance but will not count towards any voluntarily payment arrangement such the Rehabilitation Payment Plan. The money seized from the offsets is only applied towards a loan’s outstanding interest until it’s paid off, and then it’s finally applied to the principle.
“Not knowing the solution, a lot of debtors I talk to give up and surrender their hard earned tax return annually. I think Dept of Ed wants you to be stuck in this trap so they could suck your money every year. I’ve seen debtors get their taxes seized, call in the following year to find out the balance is still the same from the year before….” – Mr. Kay, Rogue Student Loan Collector
Other Federal and State agencies also certify debts for offset, but Department of Ed has historically been responsible for the largest volume of offsets. As a result, many tax professionals, and even the IRS will automatically assume an offset has been requested by the Department of Ed when in fact, it may have gone to another Federal or State debt.
State Payments
State payments (e.g., State tax refunds), in addition to Federal payments, may be offset in the Treasury offset program. Just recently the Treasury Dept was requested to offset both Federal and State payments for federal student loans.
States Involved
Alabama Missouri Arizona* Montana Arkansas* Nebraska California* New Jersey* Colorado New Mexico Delaware New York Georgia North Carolina* Hawaii Ohio Idaho Oklahoma Illinois Oregon Indiana* Pennsylvania Iowa** Rhode Island** Kansas* South Carolina* Kentucky Utah Louisiana Vermont Maine* Virginia* Maryland* Washington DC* Massachusetts* West Virginia* Minnesota Wisconsin
* *Indicates states that also participate in state offset programs.
** Participates in a State offset program, but not for local taxes. The following states do not have a personal income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming.
What is the purpose of the Treasury offset?
The purpose of a Treasury offset is to recover federal debts for Federal taxpayers without the cost of legal fees. It was created to basically recover unpaid debts arising from federally supported activities, which includes but is not limited to student financial assistance. Since 1986 the Department of Education has referred millions of defaulted student loan debts and grant claims to the U.S. Treasury for collections by offsetting federal and/or state income tax refunds along with any other payments authorized by law. The Department of Ed can request for the U.S. Treasury to arrange an offset to collect any Federal defaulted student loan debt or grant claim. Once the Department of Education refers a delinquent borrower to the treasury department these groups of borrowers are considered permanently “certified” as long as the account is in default (collections).
Mr. Kay’s Notes: Being permanently “certified” means your tax returns will be continuously seized until your outstanding balance is paid off, or the loan is taken out of default after the completion of a voluntary payment program. Interest on defaulted student loans accrue on a daily basis, so your balance will probably barley budge even after your tax money has been applied.
Get more information here www.StudentLoanBlueprint.com
Leave me a comment below.
Frequently Asked Questions
- Understanding Student Loans
- Student Loan Repayment Options
- Settlement Options
- Everything About Student Loan Collections
- Garnishment? Get the 411
- Want Your Income Tax Back?
- Default VS Delinquency
- Student Loan Bankruptcy
Live Free and truly learn how to break away from your student loan troubles.
Sincerely,
Mr. Kay Production Manager
Rogue Student Loan Collector
.
Why should you listen to me?
- I am a Production Manager for a top ranked federal student-loan collection agency who is contracted with Department of Education. Our firm’s job is to basically locate and recover billions of dollars in defaulted federal student loans.
- My team has collected well over 7 Billion dollars from doctors, single mothers, college students, veterans, people of disability, unemployed and anyone who is behind on federal student loans. I have developed a powerful unique course that exposes every tactic that I have used to collect hundreds of millions from unaware student loan borrowers just like you.
Why am I releasing this information?
Leave me a comment below.
Frequently Asked Questions
- Understanding Student Loans
- Student Loan Repayment Options
- Settlement Options
- Everything About Student Loan Collections
- Garnishment? Get the 411
- Want Your Income Tax Back?
- Default VS Delinquency
- Student Loan Bankruptcy
Live Free and truly learn how to break away from your student loan troubles.
Sincerely,
Mr. Kay Production Manager
Rogue Student Loan Collector
.
Why should you listen to me?
- I am a Production Manager for a top ranked federal student-loan collection agency who is contracted with Department of Education. Our firm’s job is to basically locate and recover billions of dollars in defaulted federal student loans.
- My team has collected well over 7 Billion dollars from doctors, single mothers, college students, veterans, people of disability, unemployed and anyone who is behind on federal student loans. I have developed a powerful unique course that exposes every tactic that I have used to collect hundreds of millions from unaware student loan borrowers just like you.
Why am I releasing this information?
Subscribe to our blog via email or RSS to get more great posts like this one.
by Mr. Kay - Student Loan Collector
Your Thoughtsby February 4, 2011
1
YES, The government can legally take what you worked hard for!
What is a Treasury Offset (TOP)?
Under this Treasury Offset Program, the Financial Management Service, a bureau of the US Department of Treasury will offset Federal and/or State payments if a borrower fails to pay their obligation. While the most common type of Federal payment offset is Federal income tax refunds, several other types, including social security benefit payments, are also eligible for full or partial offset. In other words, if a borrower has an outstanding debt and they have incoming social security benefits, this too can be subjected to the offset. In addition to defaulted debts held by ED, defaulted loans held by guaranty agencies are also included in the process.
Mr. Kay’s Notes: With the TOP program the seized amount is considered an involuntary payment meaning the amount will be applied to the balance but will not count towards any voluntarily payment arrangement. With a treasury offset 80% of the seized amount will be forwarded to the interest and the other 20% will go towards the collection fees. Remember a major benefit of the rehabilitation payment program is to have your collection fees waived.
“Not knowing the solution, a lot of debtors I talk to give up and surrender their hard earned tax return annually. I think Dept of Ed wants you to be stuck in this trap so they could suck your money every year. I’ve seen debtors get their taxes seized, call in the following year to find out the balance is still the same from the year before….”
– Mr. Kay, Rogue Student Loan Collector
Other Federal and State agencies also certify debts for offset, but Department of Ed has historically been responsible for the largest volume of offsets. As a result, many tax professionals, and even the IRS, will automatically assume that an offset has been requested by the Department of Ed when, in fact, it may have gone to some other Federal or State debt.
State Payments
State payments (e.g., State tax refunds), in addition to Federal payments, may be offset in the Treasury offset program. Just recently the treasury was requested to offset both Federal and State payments on federal student loans.
| Treasury offset |
States Involved
Alabama Missouri
Arizona* Montana
Arkansas* Nebraska
California* New Jersey*
Colorado New Mexico
Delaware New York
Georgia North Carolina*
Hawaii Ohio
Idaho Oklahoma
Illinois Oregon
Indiana* Pennsylvania
Iowa** Rhode Island**
Kansas* South Carolina*
Kentucky Utah
Louisiana Vermont
Maine* Virginia*
Maryland* Washington DC*
Massachusetts* West Virginia*
Minnesota Wisconsin*
*Indicates states that also participate in state offset programs.
** Participates in a State offset program, but not for local taxes.
States that do not participate in the Federal offset program, but use a state offset program include: Connecticut, Mississippi, and South Dakota. The following states do not have a personal income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming.
What is the purpose of the Treasury offset?
The purpose of a Treasury offset is to recover the amounts for the Federal taxpayers without the cost of litigation fees. It was created to basically recover the unpaid debts arising from federally supported activities, which include student financial assistance.
Since 1986 the Department of Education has referred millions of defaulted student loan debts and grant claims to the Department of Treasury for collection by offsetting against federal and/or state income tax refunds and any other payments authorized by law. The Department of Ed can request that Department of Treasury to arrange an offset to collect any Federal defaulted student loan debt or grant claim. Once the Department of Education refers a delinquent borrower to the treasury department, these group of debtors are considered to be certified permanently as long as the account is in an active defaulted status (outstanding).
Mr. Kay’s Notes: Certified permanently means your tax return will continuously be seized until your account is out of collections (Default). Considering that the collection fees are calculated at 24% of the principle and interest and on top of that your interest is accruing you’ll barely impact the balance. It’s probably best to get decertified by going a settlement compromise or by the use of the rehabilitation payment program. (Please refer to these sections)
What does it mean if I am certified?
Once Department of Ed certifies a defaulted account for treasury offset, that account will remain certified for the life of the defaulted balance unless it is inactivated by law (e.g. active bankruptcies). Once certified, borrowers may not avoid offset simply by making voluntary payments. Borrowers may avoid offset by resolving the account through satisfying their account in full, settlement compromise (Partial pay-offs), completing the rehabilitation payment program, consolidation, or discharge by dispute. In other words, if a borrower is not disputing the account they would need to either pay the balance in full or bring the account back to a current status. If you have a valid dispute and you are able to prove that your loan is invalid you will be refunded your tax return.
The most common complaint against collection agencies is that they advise borrowers a treasury offset can be avoided by making payments. This statement is completely false
Mr. Kay’s Notes: Contact the IRS most debtors are unaware that in extreme cases you are able to extend your tax filing. If you time the rehabilitation payment program with the up-coming tax season you’ll be able to regain your tax return again. Remember the rehabilitation payment program is 9-10 months. (Please refer to the “I want my tax return next year” Section at the bottom)
“Most collectors will not lie to you, but they will twist their words around in their favor. It’s always best to listen for words such as: Maybe, most likely, possibly, and should. It’s always best to get a definite answer and if possible it’s best to receive everything they mention is writing.”
– Mr. Kay, Rogue Student Loan Collector
What if I’m not certified for Treasury offsets?
It’s highly recommended that a borrower begins repayment immediately prior to the pre-certification process. Borrowers may avoid the pre-certification process by resolving the account through satisfying their balance in full, settlement compromise (Partial pay-offs), completing the rehabilitation payment program (refer to rehabilitation section), consolidation, or discharge by dispute. Although sending gratuitous payment (any amount) may possibly help borrowers avoid the pre-certification process it is highly suggested, if making payments, to resolve the account through loan rehabilitation. In other words, if a borrower is not disputing the account they should either pay the balance in full, compromise through a settlement, or bring the account back to a current status.
Mr. Kay’s Notes: Throughout the years I’ve actually seen an increase in the amounts of account becoming newly certified. If you are unable to afford a lump sum payment (Settlement), the rehabilitation payment program is your best solution for getting your loan(s) back into good standing. You can inquire about consolidating your loans but I highly disagree with loan consolidation. You’ll be consolidating the penalties into your new balance when originally you could have had your fees waived.
—————————————————————————-
Above is a section from the Student Loan Blueprint. I’ve gone ahead and released a section of our highly acclaimed course, so you can see why it is important to know what can truly happen. It is December 1st and tax season is 4 months away. People do not plain to FAIL, they FAIL to plan. – Mr. Kay
Leave me a comment below.
Frequently Asked Questions
- Understanding Student Loans
- Student Loan Repayment Options
- Settlement Options
- Everything About Student Loan Collections
- Garnishment? Get the 411
- Want Your Income Tax Back?
- Default VS Delinquency
- Student Loan Bankruptcy
Live Free and truly learn how to break away from your student loan troubles.
Sincerely,
Mr. Kay Production Manager
Rogue Student Loan Collector
.
Why should you listen to me?
- I am a Production Manager for a top ranked federal student-loan collection agency who is contracted with Department of Education. Our firm’s job is to basically locate and recover billions of dollars in defaulted federal student loans.
- My team has collected well over 7 Billion dollars from doctors, single mothers, college students, veterans, people of disability, unemployed and anyone who is behind on federal student loans. I have developed a powerful unique course that exposes every tactic that I have used to collect hundreds of millions from unaware student loan borrowers just like you.
Why am I releasing this information?
Subscribe to our blog via email or RSS to get more great posts like this one.
by Mr. Kay - Student Loan Collector
Your Thoughtsby December 1, 2010
21
It was almost a half a decade into my job experience, and I still dealt with many hard to close knuckle heads. Even as the smartest tenured borrower counselor it was an uphill battle speaking to borrowers with no assets and no employment.
How can I start convincing someone to pay with no wages to garnish? How can I sway their decision, and make the pay if they have no need for additional student loans? From what I saw in my office, most unemployed stay-at-home wives would hang out at home and live their days ignoring their loans like it was nothing.
Mrs. Burden-wife fell under this category, the category that did not bring me any extra income. This class of debtor will play the violin, and plead poverty until the end of time. I had grown accustomed to these standard types of excuses. My response to people would usually be “Can you check all of your resources?” or “It would be in your best interest if you could ask your friends or family members for help”.
My battle of convincing her to pay went on for almost 9 straight months, weeks after weeks. Based off of tidbits of information I gathered over the phone, she was the loyal wife of some architectural genius. Her husband was the one who brought home the bacon. Although Mrs. Burden-wife wanted to take care of her obligation, her husband put his foot down on this matter.
In the past she had once mentioned “My husband is against paying this off because I had this loan before we got married”. She would usually end the phone call by giving me some B.S. excuse about needing to run errands. Almost on a weekly basis she would blow me off, she did not have the decency to even return my phone calls. At times when I called her house her maid would answer and tell me that she went shopping, or she was picking up the dog from the groomers. Me and Mrs. Burden-wife parted ways I ended up ceasing my calls and continued on with bigger fish to fry. I had to move on to real payers. I worked in a production driven environment, and I am forced to work in a manner that was more beneficial to me and my company.
To my surprise in mid April, Mrs. Burden-wife called my extension whimpering and weeping. When the 
call was transferred, the first sentence out of her mouth was “I’m about to go through a divorce if you don’t fix this situation!” Mrs. Burden-wife the woman that gave me the run around for months was calling me back. I looked at the calendar, and it was that season again, tax season. Federal tax refunds payable to joint filing couples are subject to what is called a treasury offset. Basically anything that is printed from the Treasury is seized due to the status of the student loan (that includes stimulus checks).
Mrs. Burden-wife’s husband who decided it was a bad idea to take care of the loan was now being affected. All I could say now is “marry into wealth and not into debt”. In her situation, I had a solution but I remained hush about it. Due to the fact that she was such a nuisance, and the fact that she cost me so much of my time, I ended up catching amnesia.
I forgot to mention that the portion of the refund owed to the non-debtor spouse can be recovered by that individual by filing an “injured spouse” claim with the IRS. Come to think of this now, I was such a prick. Knowing what I know, it’s a shame that I was not able to help others in a genuine hardship situation…..
Sincerely,
Mr. Kay Production Manager
Rogue Student Loan Collector
.
Why should you listen to me?
- I am a Production Manager for a top ranked federal student-loan collection agency who is contracted with Department of Education. Our firm’s job is to basically locate and recover billions of dollars in defaulted federal student loans.
- My team has collected well over 7 Billion dollars from doctors, single mothers, college students, veterans, people of disability, unemployed and anyone who is behind on federal student loans. I have developed a powerful unique course that exposes every tactic that I have used to collect hundreds of millions from unaware student loan borrowers just like you.
Why am I releasing this information?
Subscribe to our blog via email or RSS to get more great posts like this one.
by Mr. Kay - Student Loan Collector
Your Thoughtsby October 21, 2010
24
Today we will go over defaulted Federal Student Loans. Today’s topic will be…. “How to STOP student loan garnishment 101″. Before I get into the meat and potatoes… see what others are saying.
“Mr. Kay – your information is great! I was skeptical at first but your content is fresh and new. Some of the strategies you told me about how to stop the garnishment did wonders. I love the mail address technique. Just using one strategy I didn’t get my pay check taken away. Keep spreading the word – Emily Kim – Texas”
Now lets get to the lesson…
Benefits of Stopping the Garnishments
- Make payroll person’s life easier…
- STOP the embarrassment
- STOP the percentile deduction
- Take CONTROL of your own money
Importance of Getting Loans OUT of DEFAULT
- Negative remark removed form credit
- Get Majority of collection fees waived
- deferments and forbearance
- Have more flexible payment options
3 steps to stop you’ll need to STOP the garnishment.
- Send in “Request for hearing” document
- Send in “Financial Statement” document
- Send in Proof of Income and Obligations
#1 – Sending Request for hearing
- Obtain the document - Click HERE to Obtain Document to STOP Student Loan Garnishment
- Fill out the document
- Decide on the hearing Method
- Written Hearing
- in person – Hearing
- Over the Phone Hearing
#2 – Send in YOUR “Financial Statement”
- Obtain the document
- Fill out the document
Complete ALL items, report ALL expenses, report HOUSE HOLD income, ALL LEGAL DOCUMENTS MUST MATCH UP. Failure to Provide “proof” will lead to the DENIAL of your claim!
#3 – Send Proof of Income and Obligations (bills(
- Send copies of ALL of your bills
- Send in Proof of Household income
- 2 MOST recent paycheck stubs
- Recent tax documents (FOR EVERYONE IN YOUR HOUSEHOLD)
MR. KAY’S NOTES – Mail this document using certified mail! Make sure you follow up with collection agency. Keep a detailed track record for EVERYTHING! This will protect you if the collector uses the “we never got it” line….
Please leave me a comment, rave review, questions, and etc. I hope to hear from you soon.
Sincerely,
Mr. Kay Production Manager
Rogue Student Loan Collector
The Confessions of a Student Loan Collectors – Visit: www.FreeStudentLoanStuff.com to get the most shocking truth about defaulted student loans.
.
Why should you listen to me?
- I am a Production Manager for a top ranked federal student-loan collection agency who is contracted with Department of Education. Our firm’s job is to basically locate and recover billions of dollars in defaulted federal student loans.
- My team has collected well over 7 Billion dollars from doctors, single mothers, college students, veterans, people of disability, unemployed and anyone who is behind on federal student loans. I have developed a powerful unique course that exposes every tactic that I have used to collect hundreds of millions from unaware student loan borrowers just like you.
Why am I releasing this information?
Subscribe to our blog via email or RSS to get more great posts like this one.
by Mr. Kay - Student Loan Collector
Your Thoughtsby August 24, 2010
18
Defaulted Federal Student Loans| Tax Offsets
OH NO! IT’s TAX SEASON AGAIN!
Ladies and Gentlemen! It’s that dreaded time of the year again….TAX Season! As you’re probably already aware, your entire Federal and State tax refund is at RISK and is probably going to get seized by the Dept. of Education if you’ve defaulted on your federal student loan. The Dept. of Education wants you to believe your loan balance will be reduced after they take your hard earned tax refunds. However, THIS IS NOT ENTIRELY TRUE!
*If you’ve defaulted on your federal student loans, or your tax returns have already been seized…*
YOU MUST WATCH THE VIDEO BELOW! Don’t let your hard earned money go to WASTE!
Has Dept. of Education taken thousands of dollars of your taxes year after year but your balance hasn’t budged?? I want to HELP YOU SAVE $$$$$$!
Ask me any questions by emailing them DIRECTLY to me… I’ll answer them personally.
Email: mr.kay@strategicdebtcoach.com
Mr. K.
Rouge Student Loan Collector
PS. Please send me an email if you’d like to learn a “trick” for these treasury tax offsets!
Get My Free Report “Confessions of a Rogue Student Loan Collector” at
www.FreeStudentLoanStuff.com
Subscribe to our blog via email or RSS to get more great posts like this one.
by Mr. Kay - Student Loan Collector
Your Thoughtsby February 18, 2010
2
Dangers of Defaulting on a Federal Student Loan
Learn WHY you should NOT default on a federal student loan… and the DANGER of federal student loan default.
Consequences of a Defaulted Federal Student Loan:
- Administer Federal Wage Garnishments – YES, the government will come take your hard earned pay check!
- Negative Credit Reporting to all major bureaus – YES, your credit will be destroyed and you will pay ridiculously high interest rates on EVERYTHING!
- Refer your loan to Department of Justice for Litigation - YES, you will be sued. Imagine the legal cost and fees being tacked onto your loan balance.
- Ineligible for additional student loans – YES, you will not be able to get any other assistance for school. If you have kids that will be going to college… you will NOT be able to help them out.
- Ineligible for FHA and VA loans – YES, you will not be able to take out government loans to help you buy a home.
- Withhold Professional Licenses! – YES, they can take your professional licenses… I have personally seen attorneys, doctors, chiropractors, dentists, insurance agents, and Real Estate Agents lose their licenses.
Watch this VIDEO NOW!
**The exact percentage varies from 24%-24.34% depending on the loan type, so I rounded the figure up to 25% just to get the point across**
MR. KAY’S NOTES: Payments after default are ONLY applied to Interest & Penalties… this means… if your payment DOES NOT COVER the interest and cost of penalties… your loan balance will NEVER GO DOWN. It will grow surely and steadily.
If you have any further question – leave a comment! I’ll answer them here so every one can benefit.
Sincerely,
Mr. Kay Production Manager
Rogue Student Loan Collector
The Confessions of a Student Loan Collectors – Visit: www.FreeStudentLoanStuff.com to get the most shocking truth about defaulted student loans.
.
Why should you listen to me?
- I am a Production Manager for a top ranked federal student-loan collection agency who is contracted with Department of Education. Our firm’s job is to basically locate and recover billions of dollars in defaulted federal student loans.
- My team has collected well over 7 Billion dollars from doctors, single mothers, college students, veterans, people of disability, unemployed and anyone who is behind on federal student loans. I have developed a powerful unique course that exposes every tactic that I have used to collect hundreds of millions from unaware student loan borrowers just like you.
Why am I releasing this information?
Subscribe to our blog via email or RSS to get more great posts like this one.
by Mr. Kay - Student Loan Collector
Your Thoughtsby February 2, 2010
6
How to get your defaulted student loan questions…
Watch this video below….
Do you have a Federal Student Loan that is in Default? Get your questions answered… learn how to gain knowledge on student loan wage garnishments.
Learn how to stop your student loan wage garnishment…
Do you have questions about your Defaulted federal student loan?
Ask me any questions by emailing them DIRECTLY to me… I’ll answer them personally.
Email: mr.kay@strategicdebtcoach.com
Mr. K.
Rouge Student Loan Collector
Get My Free Report “Confessions of a Rogue Student Loan Collector” at
www.FreeStudentLoanStuff.com
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by Mr. Kay - Student Loan Collector
Your Thoughtsby January 6, 2010
18
Important news update for defaulted federal student loans!
*Attention NDSL/ Perkins loan borrowers!*
Congress has just reduced the required number of rehabilitation payments to get your loan(s) out of default!
Watch the video below to find out more!
Take advantage of the rehabilitation today!
Mr. Kay
Rogue Federal Student Loan Collector
PS
Get my Free Report if you haven’t already… visit: www.FreeStudentLoanStuff.com
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by Mr. Kay - Student Loan Collector
Your Thoughtsby February 18, 2009
