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Federal tax return was garnished, will it happen again?
Hello. Last year our federal tax return was intercepted for its entire amount for an old college loan. The company that placed the lien on us has since sold the loan to another company. We have heard nothing from this company and in fact have even had trouble tracking them down. My question is, does the lein placed by the previous debt collector transfer to the new debt collector?
2 Answers
- Anonymous9 years agoFavorite Answer
Find out what the word "conversion" means. You may be able to bring charges against the garnisher.
- SlickterpLv 79 years ago
Hard to say. If the old loan company wrote it off, then probably not. If they just sold the loan, then yes.