VA 5655 2024-2025 free printable template

Este formulario se utiliza para reportar información financiera personal para determinar la elegibilidad para la condonación de deudas, ofertas de compromiso o planes de pago. Incluye datos sobre

How to fill out va form 5655 debt waiver

How to fill out va form 5655

1. Obtain VA Form 5655 from the VA website or local VA office.
2. Read the instructions carefully before filling out the form.
3. Provide your personal information, including your name, Social Security number, and VA file number.
4. Fill out the section detailing your income, including employment earnings, benefits, and any other sources of income.
5. Report your monthly expenses in the designated section, including housing, utilities, food, and medical expenses.
6. List your assets, such as bank accounts, real estate, and vehicles.
7. Include information regarding your debts and liabilities.
8. Sign and date the form to certify that the information is complete and accurate.
9. Submit the completed form to the appropriate VA office.

Who needs va form 5655?

1. Veterans seeking financial assistance from the VA.
2. Individuals applying for VA benefits who need to demonstrate their financial situation.
3. Dependents of veterans applying for aid.
4. Anyone seeking debt relief or mortgage assistance through the VA.

• Who needs a VA-5655 form?
• What is VA-5655 form?
• Is VA-5655 form accompanied by other forms?
• • When is the VA-5655 form due?
  • How do I fill out the VA-5655 form?
  • Where do I send the VA-5655 form?

Who needs a VA-5655 form?

Former military serviceman needs to fill out a VA Financial Status Report (form VA-5655) for Department of Veterans Affairs to accompany one of the following documents: (1) request for a compromise offer; 2) request a monthly payment plan; 3) request for a waiver. All of these documents relate to changes in the debt obligations of the applicant.

What is VA-5655 form?

VA-5655 form provides information about employment, income, expenses, assets, installment contracts and other debts of the former serviceman who is acting as the applicant in one of the cases mentioned above.

Is VA-5655 form accompanied by other forms?

VA form 5655 must accompany a VA financial hardship form, VA debt waiver form, request for a compromise offer.

When is the VA-5655 form due?

There are no specific deadlines for submission of this particular form. VA-5655 form accompanies the main document and may be submitted at any time.

How do I fill out the VA-5655 form?

The VA form 5655 instructions for filling are found here http://www.va.gov/. You should provide such information: 1) personal data; 2) complete record of employment for yourself and spouse; 3) income and expenses records; 4) assets; 5) installment contracts and debts.

Where do I send the VA-5655 form?

The main document and completed VA-5655 form should be sent to:

U.S. Department of Veterans Affairs Debt Management Center
P.O. Box 11930 St Paul, MN 55111 1-612-970-5688 (fax)

Video instructions and help with filling out and completing va form 5655

Instructions and Help about va form 5655 pdf fillable

Hi I'm Jim Fast, and I'm one of the attorneys here at legal help for veterans and I want to give you a couple of VA practice tips these are practice tips that we pass along to the veterans we represent we hear from probably 500 or more veterans a month, and we have hundreds and hundreds of veterans as clients, and we've represented thousands of veterans since we've been doing this a couple of practical tips that people run afoul of often before they get to us, and we have to remind them of this one is there's a VA form for everything, and so I want to talk to you about a couple of those of the things that happens because the claim process takes so long is a veterans move will move around so if it's going to take 35 years for your claim to get decided you're likely to move go into a different apartment go into a different house maybe even change states and when you change states you're changing VA regions and your file has to follow you so make sure you change your address with the VA they have a form for that naturally 20 dash 572 is the VA form you have to fill it out send it in so that they can get mailed to you after you've changed editor's a good example of it might be if you've changed locations you didn't change your address form they send you a notice to go to a CNP exam, and you missed the exam then they're going to reach you assuming that you no longer have the disability or rate you down because you didn't show up for the scheduled exam well why didn't you show up will you change locations, but it's your obligation or your advocates obligation to let the VA know, so that's that's one example another one that we see because again this takes so long is a change in marital status if you get married if you get divorced you have to change your marital status with the VA and yes there's a form for that VA form 21 dash for 170 why do you have to do that well if you're getting married then your spouse may be entitled to you may be entitled to compensation because you now have a dependent spouse, but the flip side of that exists as well if you've gotten divorced, and you've been being paid as if you were married, and you continue to get paid as if you have a dependent spouse when VA finally figures out you got divorce they're going to want that money back that's going to create a hardship, and it's not VA's obligation to track you down it's your obligation to let VA know that there's been a change in marital status again you need to stay in touch not only with the VA but if you're being represented by an attorney if you're being represented by legal help for veterans you have to let us know how these things change so that we can help you advise the VA and keep track of you similarly if you're working with a veteran's service officer we highly recommend you do the same thing recognizing it takes so long make sure that it as a practice tip that as you change locations change in marital status you're letting the VA know one other final practice...

People Also Ask about va form 5655 instructions

What does the VA consider a hardship?

If you're struggling because of life situations like losing your job, having a sudden decrease in income, or having an increase in out-of-pocket family health care expenses, we can help. You can request financial hardship assistance to manage your current VA copay debt or request an exemption from future copays.

How do I file a VA debt waiver?

You'll need to submit these 2 items: A Financial Status Report (VA Form 5655) A personal statement that explains why you feel you shouldn't have to repay the debt. In your statement, share more information to support your waiver request.

Does the VA offer debt relief?

We offer 4 repayment or relief options for benefit-related VA debt: Monthly offsets. If you get VA benefit payments, we may keep (or “offset”) part or all of each payment to pay down your debt. This is how we'll collect your debt unless we approve another option.

How do I submit a VA Form 5655?

You can submit your completed VA Form 5655 and personal statement in either of these 2 ways: Online: Our online form includes a section for your personal statement. Submit your Financial Status Report online. By mail: Fill out and sign VA Form 5655. Write your personal statement in a separate document.

Can VA disability waive?

The law requires that a military retiree waive a portion of their gross DoD retired pay, dollar for dollar, by the amount of their Department of Veterans Affairs (VA) disability compensation pay; this is known as the VA waiver (or VA offset).

How do I get the VA to waive my debt?

You'll need to submit these 2 items: A Financial Status Report (VA Form 5655) A personal statement that explains why you feel you shouldn't have to repay the debt. In your statement, share more information to support your waiver request.

What happens if you dont pay VA debt?

The VA may withhold future benefits or send this to a collection agency. The VA can also garnish wages or file a suit in federal court. They are also able to withhold approval on a VA home loan. If you receive Social Security benefits, the VA may withhold these as well.

What does VA consider financial hardship?

If you're struggling because of life situations like losing your job, having a sudden decrease in income, or having an increase in out-of-pocket family health care expenses, we can help. You can request financial hardship assistance to manage your current VA copay debt or request an exemption from future copays.

What is a VA Form 5655 used for?

PRIVACY ACT INFORMATION: The information you furnish on this form is almost always used to determine if you are eligible for waiver of a debt, for the acceptance of a compromise offer or for a payment plan. Disclosure is voluntary.

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What is va form 5655?

VA Form 5655, also known as the Financial Status Report, is a form used by the Department of Veterans Affairs to assess an individual's financial situation.

Who is required to file va form 5655?

VA Form 5655 is typically required to be filed by veterans and other individuals seeking financial assistance or benefits from the VA, particularly when requesting a waiver of overpayment.

How to fill out va form 5655?

To fill out VA Form 5655, an individual must provide accurate information about their income, expenses, assets, and liabilities. It may be helpful to gather financial documents before starting and to complete each section as clearly as possible.

What is the purpose of va form 5655?

The purpose of VA Form 5655 is to gather necessary financial information to evaluate a veteran's financial status for benefits, debt repayment, or assistance programs.

What information must be reported on va form 5655?

Information that must be reported on VA Form 5655 includes monthly income, monthly expenses, total assets, total liabilities, and other relevant financial details.