When your loan gets to be delinquent, any taxable portion of the superb balance and accrued interest will be dealt with as taxable income via the IRS. In the event you’re less than age 59½, you'll have to pay an additional early withdrawal penalty tax. See “Early Withdrawal Penalty Tax” https://carloancalculator89999.blogpayz.com/27825736/the-5-second-trick-for-loan-line-of-credit