The Effects of Debt Settlement

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Debt Settlement Frequently Asked Questions More
Published: 9 years, 2 month(s) ago by Rodney Delmore | permalink
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Frequently asked questions about Debtmerica and our debt settlement program to reduce your credit card debt balances.
Tags: wfg debt settlement, debt settlement, debt relief, credit card debt, debt consolidation, debt negotiation, debt reduction, reduce credit card debt
For further reading: http://debtmerica.com/debt-settlement-faq ^[1]

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Know the Dangers of Debt Settlement More
Published: 9 years, 2 month(s) ago by Cahit R | permalink
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Even though debt settlement may promise to reduce your debt, they can't promise to keep your credit in tact at the same time. Find out how debt settlement works and why it may not be the best solution.

For further reading: http://credit.about.com/od/debtmanagementsolutions/qt/debtsettlement.htm ^[2]

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Tax Consequences When a Creditor Writes Off or Settles a Debt | Nolo.com More
Published: 9 years, 2 month(s) ago by William Guillem | permalink
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The IRS may count a debt written off or settled by your creditor astaxable income.

For further reading: http://www.nolo.com/legal-encyclopedia/tax-consequences-settled-forgiven-debt-29792.html ^[3]

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Should I use a debt settlement service to help me deal with my debt and debt collectors? More
Published: 9 years, 2 month(s) ago by Monica Domiano | permalink
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Consider other options before thinking about using a debt settlement service. Warning: Dealing with debt settlement companies can be risky. Some debt settlement companies promise more than they can deliver. Some of your creditors may also refu

For further reading: http://www.consumerfinance.gov/askcfpb/1459/should-i-use-debt-settlement-service-help-me-deal-my-debt-and-debt-collectors.html ^[4]

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Category: Fun | 9 years, 2 month(s) ago

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Contributors

Rodney Delmore, Monica Domiano, Cahit R , William Guillem

References & Citations

1. http://debtmerica.com/debt-settlement-faq

2. http://credit.about.com/od/debtmanagementsolutions/qt/debtsettlement.htm

3. http://www.nolo.com/legal-encyclopedia/tax-consequences-settled-forgiven-debt-29792.html

4. http://www.consumerfinance.gov/askcfpb/1459/should-i-use-debt-settlement-service-help-me-deal-my-debt-and-debt-collectors.html