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Covid19 Debt Deferment program is ending? If you owe money to the VA what are your options?

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Manage episode 280565497 series 2792903
Content provided by William N Hodges. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by William N Hodges or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

To ease financial difficulties during the pandemic, the VA Debt Management Center (DMC) suspended issuing debt notification letters and suspended collection action on debts established after April 3, 2020, through January 1, 2021. DMC also offered suspensions or extended repayment plans for debts established prior to April 3, 2020.

WHAT WILL HAPPEN IN 2021

If your debt was established after April 3, 2020, DMC will issue your debt notification letter(s) starting in January 2021. If you have debt that was established prior to April 3, where collections have been suspended due to the COVID-19 pandemic, your suspension will end on January 1, 2021, and the DMC will resume withholding from your VA benefits to pay the debt effective with your February 1, 2021, benefit payment. If you do not receive VA benefits, your payment will be due to DMC by February 1, 2021.

Our library of shows can be found at www.veteranscornerradio.com
Join us on Facebook at the page Veterans Corner Radio
You can contact our host William (Bill) Hodges at bill@billhodges.com

  continue reading

212 episodes

Artwork
iconShare
 
Manage episode 280565497 series 2792903
Content provided by William N Hodges. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by William N Hodges or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

To ease financial difficulties during the pandemic, the VA Debt Management Center (DMC) suspended issuing debt notification letters and suspended collection action on debts established after April 3, 2020, through January 1, 2021. DMC also offered suspensions or extended repayment plans for debts established prior to April 3, 2020.

WHAT WILL HAPPEN IN 2021

If your debt was established after April 3, 2020, DMC will issue your debt notification letter(s) starting in January 2021. If you have debt that was established prior to April 3, where collections have been suspended due to the COVID-19 pandemic, your suspension will end on January 1, 2021, and the DMC will resume withholding from your VA benefits to pay the debt effective with your February 1, 2021, benefit payment. If you do not receive VA benefits, your payment will be due to DMC by February 1, 2021.

Our library of shows can be found at www.veteranscornerradio.com
Join us on Facebook at the page Veterans Corner Radio
You can contact our host William (Bill) Hodges at bill@billhodges.com

  continue reading

212 episodes

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