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If I cant repay my full debt balance, even over time, what can I do? A Financial Status Report (VA Form 5655) A personal statement that explains why you feel you shouldnt have to repay the debt. For a compromise offer, include how much youre offering to pay. Dont send payment with your offer.
Can veterans get credit card debt forgiven?
While the VA doesnt offer direct solutions for credit card debt, they do provide resources and counseling that might help. Combining these with advice from reputable credit counseling agencies and carefully considering your options with debt solution companies could provide the relief you need.
Can I get a VA loan to pay off credit card debt?
When it comes to credit card debt relief, its important to dispel a common misconception: There are no government-sponsored programs specifically designed to eliminate credit card debt. So, you should be wary of any offers claiming to represent such government initiatives, as they may be misleading or fraudulent.
Will the VA pay off credit card debt?
Under its new rule, the VA will only report medical debt that meets all of the following standards: The VA has exhausted all other debt collection efforts, The VA has determined the individual responsible is not catastrophically disabled or entitled to free medical care from the VA, and.
Can the government pay off my credit card debt?
Veterans can access debt relief through unique programs tailored to military needs. Loans for veterans offer lower interest rates and favorable terms for debt consolidation. Financial assistance grants for veterans may cover essential needs without repayment.
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This is a VA financial status report form. It requires personal data, income, expenses, and debt information. Disclosure is voluntary, but may affect eligibility for debt relief.
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