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  2. Tax refund interception - Wikipedia

    en.wikipedia.org/wiki/Tax_refund_interception

    If one has student loan payments, child support payments, or worker's compensation payments that they have not fulfilled, then their refund will be intercepted and put towards the payments of those obligations. [7] In order for a debt to be permitted for interception it must: Be a debt greater than or equal to $100 in value.

  3. Loan shark - Wikipedia

    en.wikipedia.org/wiki/Loan_shark

    A loan shark is a person who offers loans at extremely high or illegal interest rates, has strict terms of collection, and generally operates outside the law, often using the threat of violence or other illegal, aggressive, and extortionate actions when seeking to enforce the satisfaction of the debt. [1]

  4. Charge-off - Wikipedia

    en.wikipedia.org/wiki/Charge-off

    The purpose of making such a declaration is to help support a tax deduction for bad debts under Section 166 of the Internal Revenue Code. In that respect it is a form of write-off. Bad debts and even fraud are simply part of the cost of doing business. The charge-off, though, does not free the debtor of having to pay the debt.

  5. Personal loans: Are they taxable income? - AOL

    www.aol.com/finance/personal-loans-taxable...

    Interest payments on student loans, mortgages and business loans can be reported as tax deductions. However, personal loan interest payments only qualify as tax deductible under certain circumstances.

  6. 'Repaying a loan shark was three years of living hell' - AOL

    www.aol.com/repaying-loan-shark-three-years...

    For premium support please call: 800-290-4726 more ways to reach us

  7. Student Loan Forgiveness: 3 Ways the IRS Says Your ... - AOL

    www.aol.com/finance/student-loan-forgiveness-3...

    Here are three ways the IRS says your employer can help pay your debt tax-free: Use the educational Use the educational assistance program to pay the employee’s tuition and fees. ... The average ...

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