People consolidate debt in order to reduce their monthly payments. With a consolidated loan, financial institutions such as banks and credit unions pay off all of a consumers loans and replace them with a single “consolidated” loan of all the combined debt, usually at a lower, fixed interest rate. Consumers can use consolidated loans to [...]
The Fair Debt Collection Practices Act, also known as the FDCPA, is a law, which was passed by Congress that regulates the methods collection agencies, can use to collect money from debtors who are behind on their payments. In the past many collection agencies would use unethical methods to extract payments from people, and this [...]
A relatively new industry, some consumers are mystified by the dynamics of debt negotiation. The purpose of this article is to break down the different factors that determine the effectiveness of a debt settlement program.
1.The importance of program length. In any debtor-credit scenario, a creditor is reserved the right to sue a debtor [...]
The Tax Implications of Debt Settlement and Why Chances Are You Shouldnt Care
(The author of this article is not a tax attorney, CPA, or enrolled agent, and this is not to be considered tax advice. If you need tax advice, you should consult someone who is certified in this arena.
Did you hear about Bill [...]