While the ads pitch the promise of debt relief, they rarely say relief may be spelled b-a-n-k-r-u-p-t-c-y. And although bankruptcy is one option to deal with financial problems, it’s generally considered the option of last resort. The reason: its long-term negative impact on your creditworthiness [...]... Read more
IRS tax debt relief, just like other relief programs, includes various processes that will help you resolve your tax debt issues. The methods differ based on various factors such as amount owed, your current financial status, and any fines incurred as a result of the tax debts. The debt relief [...]... Read more
If you are working with a debt relief company so that your creditors forgive some of your debts, then you should know something. Any debt that your creditors forgive could create another bill – a tax bill.
Often, many people ask the question- “Why do I have to pay taxes when a lender forgives [...]... Read more
Paying off all your outstanding bills can bring in a huge relief. If you find it difficult to pay your debts on your own, debt relief options can come to your rescue.
It's difficult to compare the available debt relief options, as each option is unique. While some debt relief programs are tardy and [...]... Read more
Debt settlement usually finds favor with the consumers since it brings about a considerable reduction in the debt amount. Find out how it works and why the creditors agree to receive less than what is owed to them.
How does a debt settlement program work?
When you enroll in the program, your [...]... Read more
Back-to-school shopping - Cool tips to save on what your kids need
"Proper planning and early shopping are the best ways to survive the back-to-school shopping season"
Back-to-school - this twelve letter word is enough to make kids shudder with fear since their fun ride is finally over. It's time to wake up early in the morning, have a ...
Should I default on credit cards and use $70,000 somewhere ...
I have a credit card debt worth $70,000. I’ll earn around $70,000 by selling a house. I’m planning to default on credit cards and use $70,000 for other purposes. Let the debt go to collection. I will negotiate and reduce it later. How is my plan ...
Mistakes which can delay your financial independence
Mistakes are very common and obvious things, especially when it comes to finance. Both youngsters and elders make costly money mistakes. And this includes dads too. There's a proverb you may know, “The man who makes no mistakes does not usually make anything.” Most often, many of ...