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Begin by entering your Social Security Number and File Number at the top of the form. This information is crucial for identifying your financial status.
In Section I, provide your personal data including your full name, address, telephone number, date of birth, marital status, and details about dependents.
Move to Section II to report your average monthly income. Fill in your gross salary and that of your spouse if applicable.
In Section III, list all average monthly expenses such as rent or mortgage payments, food costs, utilities, and other living expenses.
Proceed to Section IV where you will calculate your discretionary income by subtracting total monthly expenses from total net income.
Complete Sections V and VI by detailing assets and any installment contracts or debts you have.
Finally, sign the form in Section VIII to certify that all information provided is accurate before submitting it through our platform.
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Request debt relief If you need to request a waiver or compromise offer, you need to submit a Financial Status Report (VA Form 5655). The fastest way to submit your request is online. You can also submit a PDF version of VA Form 5655.
What is the purpose of the VA form 5655?
VA Form 5655, Financial Status Report, is used by veterans to provide their financial information to the Department of Veterans Affairs (VA). This form helps the VA determine eligibility for benefits, including loans and assistance programs.
Are veterans really eligible for debt relief?
Thankfully, there are several debt relief programs available to help veterans. From debt consolidation to credit repair services and even bankruptcy, veterans can take advantage of various financial options to manage their debt effectively, even if they have a low credit score.
What does the VA consider financial hardship?
If you lost your job or if you have a sudden decrease in income or an increase in out-of-pocket family health care expenses, we can help.
What is a VA form 5655 used for?
Youll need to submit these 2 items: A Financial Status Report (VA Form 5655) A personal statement that explains why you feel you shouldnt have to repay the debt. In your statement, share more information to support your waiver request.
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VA FORM. NOV 2006 (RS) 5655. PRIVACY ACT INFORMATION: The information you furnish on this form is almost always used to determine if you are eligible for
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