# VA Form 5655

URL: https://pdf.net/pdf-forms/financial-forms/va-form-5655
Category: Financial Forms 
Attributes: Trusted by students, Official IRS form

VA Form 5655 is used to provide a detailed report of your financial situation as part of your request for help with certain VA repayments or applying for debt relief options.

Our fillable VA Form 5655 facilitates the submission process for this VA document, significantly reducing the time necessary to complete it. That’s thanks to our user-friendly editor and its highly intuitive and easy-to-navigate tools.

“I filled out my VA Form 5655 in record time, and it’s all because I used pdf.net’s template and editor. Highly recommend this service!”

## Versions

- 2024 — [download PDF](https://cdn.sanity.io/files/i16te7yp/production/ef31fb930c87d0fa0fc43decb24071ee9b7dc147.pdf)

## How to Fill Out a VA Form 5655

Step 1: Open VA Form 5655 in our PDF editor.

Step 2: Enter your personal information in Section I (name, address, employment in the past 2 years).

Step 3: Complete Sections II and III with your income and expenses.

Step 4: Fill out the details about your assets, installment contracts, and other debts.

Step 5: Provide additional data (i.e., about bankruptcy if applicable).

Step 6: Sign the form and submit it to the Debt Management Center.

## Facts

### What Is the VA Form 5655?

VA Form 5655, the Financial Status Report, provides a detailed picture of your financial status, including income and expenses, assets, debts, and installment contracts. It’s primarily used when requesting help with debt repayment or asking for relief options.

### Who Should Use the VA Form 5655?

Veterans or service members who owe money to the VA for benefit overpayments, education debt, or healthcare copayments can use VA Form 5655 to ask for assistance or relief. This document is essentially used to show that the debt is putting additional strain on the veteran’s finances.

### When Do You File the VA Form 5655?

You should file VA Form 5655 when you receive a debt notice or your financial situation changes, and you can no longer sustain repayments. It’s important to do so as soon as possible to avoid interest or penalties on debt owed.

### What Are the Penalties For Not Filing the VA Form 5655?

There are no specific penalties for not filing VA Form 5655, but your request for debt relief or waiver will be denied, and you’ll be expected to pay your debt in full. Inability to do so may lead to further complications and accumulated interest.

### Where Do I File the VA Form 5655?

VA Form 5655 should be filed with the Debt Management Center, either by mail or in person. E-filing is also available on the official VA website.

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