What if a Repayment Plan is not made
{"Image DocumentName": "What if a Repayment Plan is not made?", "Image ImageDescription": "The delinquent balance will be reported to Credit Reporting agencies. This will effect the ability of the debtor to obtain credit in the future. The delinquent debt will be reported to the Credit Alert Interactive Voice Response System (CAIVRS). This will alert lenders of the debt with the VA and their delinquency will be considered in the underwriting process of any federal home loan. The account can be referred to the Department of Treasury for further collection action, which will include offset of any Federal payments the debtor is entitled to. This includes tax refunds, social security benefits, and federal salary or retirement benefits. The Department of Treasury may refer the account to private collection agencies, which will result in additional fees, interest, and penalties being added to the account as authorized under the Debt Collection Improvement Act of The debtor may also be subject to garnishment of non-federal wages under Treasury\u2019s Administrative Wage Garnishment Program. Any future VA benefits will be withheld to satisfy the debt. May want to touch on AWG just a bit more now that we are actually doing it.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}