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Can a dealership take a car back after 41 days. i used my tax refund as a down payment but the money has been held for back student loans.?
Wiki User
∙ 15y ago
You don't think you can keep the car without paying for it, do you?
Not only will they take the car back, but they will then sell the used car at auction and hold you responsible for the difference between what you agreed to pay and the amount they sell the car for.
You are in over your head in debt. You are delinquent on your student loans. You shouldn't be borrowing any more money for cars or anything else until you get your finances in order.
Wiki User
∙ 15y ago
Wiki User
∙ 6y agoHow you "used your tax refund" as a down payment is questionable. You are at the mercy of the goodwill of the dealer.
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How much can the IRS take out of a refund for a student loan payment?
If you are delinquent in your student loans to the point where your refunds are being intercepted, they can take the entire refund until the debt is satisfied.
Can your federal refund be taken for student loans?
For delinquent gov't insured or guaranteed loans.
Is there a student loan payment calculator for all student loans?
Yes, there is usually a student loan payment calculator for most students loans. Some student loan payment calculators can be accessed through the internet.
Can they take your full tax refund for student loans?
Yes, it can.
Does a student loan refund have to be claimed as income on taxes?
Loans are never taxable...I'm not sure what you mean by a loan refund though!
Where can one find an auto payment calculator?
You can find an auto payment calculator from a variety of sources. You can ask your local dealership, a car loans site or your personal bank loans department.
When can IRS garnish your tax refund?
An IRS refund can be seized for child support arrearages and/or tax arrearages. And in some cases for repayment of federally funded student loans.
If federal tax refund is subject to garnishment what about this tax rebate?
I remember in 2001 when they last did this type of rebate check, that part of our check was kept as garnishment for student loan payment. So more then likely they can and will keep this rebate check to offset any federal payment that is due. ------------- For offset purposes, the stimulus payment is treated like any other tax refund. This means that part or all of your payment can be used to pay past-due federal or state income taxes or non-tax federal debt such as student loans and child support.
What does student loan consolidation mean and how can that help you?
Student loan consolidation allows someone that is receiving multiple student loans to consolidate all the loans into one big loan. It helps students because it allows them to pay one payment monthly instead of several.
Is there a student loan payment calculator from Sallie Mae?
Yes there is a student loan payment calculator from Sallie Mae, you can find it here https://www1.salliemae.com/after_graduation/manage_your_loans/repaying-student-loans/estimating/
Pay Less with Subsidized Student Loans?
When taking out subsidized student loans, a student should not automatically assume he or she is getting free money. A student should research the interest rate on the loans and figure out what the payment schedule will be upon graduation. Knowing this information will help a student determine the type of career he or she may need.
How much is a student loan payment?
It all depends on your interest rate. Most student loans won't expect a payment until after you finish school. I believe you set the rate in your paperwork.
