My loan has been charged off. Will I receive a 1099-C form?

Customers who settle their loan and require OppLoans to cancel $600 more of debt will receive a 1099-C form the following calendar year. If you did not complete a settlement agreement in the previous year and your loan is in a charged-off status, you will not receive a 1099-C form, as the loan remains open and is considered outstanding debt. We encourage you to speak to a tax professional.