Posted on: 30th Oct, 2010 10:46 am
After payment plan is approved, If my income is lost or dramatically reduced to changes in my job or I retire during the plan duration, how is my payment plan changed. Can funds be pulled from my retirement plan by the trustee?
Welcome mytrplseven,
Your trustee cannot use your retirement funds to pay off your loan. If there has been a change in your income, you should let your trustee know about it and check out if he can help you with a modified payment plan.
Your trustee cannot use your retirement funds to pay off your loan. If there has been a change in your income, you should let your trustee know about it and check out if he can help you with a modified payment plan.