NES offers
Posted by kylenn1222@reddit | studentloandefaulters | View on Reddit | 9 comments
I am getting these monthly emails from NES saying they’ll settle my loans for pennies on the dollar. Are they legit?
Posted by kylenn1222@reddit | studentloandefaulters | View on Reddit | 9 comments
I am getting these monthly emails from NES saying they’ll settle my loans for pennies on the dollar. Are they legit?
skylabnova@reddit
They are legit, but you should know that any money that you do not pay because of the settlement will be considered EARNED INCOME on your taxes, and all of that money will be taxed by the IRS
brighteyesburn@reddit
https://www.reddit.com/r/studentloandefaulters/s/Oq6h9mvdp6
brighteyesburn@reddit
It won’t be considered taxable income through the end of 2025.
kylenn1222@reddit (OP)
Why don’t you recommend settling?
skylabnova@reddit
Because paying probably 30% of the loan plus whatever they settled for is probably still a lot of money. It was for me. And owning the IRS taxes is a fuck ton worse than owing student loans
kylenn1222@reddit (OP)
What would the tax rate be?
skylabnova@reddit
that depends on how much you've earned this year and how much your loan was for and how much you settled for so
(your yearly income + settled amount)your effective tax rate = your tax bill
kylenn1222@reddit (OP)
Will they still show as defaulted on my credit report?
kylenn1222@reddit (OP)
200,000+15,000=215,000