What To Be Wary Of a Debt Reduction Company
Debt reduction companies are everywhere. They advertise that you can “reduce your debt by 70%” or “become debt free quickly and easily.”
Archive for September 9, 2006
Debt Settlement — What About The Income Taxes?
If debt seems to be on your mind quite often in recent months, there’s a high probability that you’ve looked into your options and found that debt settlement is growing in popularity as an alternative to bankruptcy. This is especially true since the new bankruptcy law went into effect back in October 2005. Debt settlement, as you may know, is a process by which creditors agree to accept less than the full balance owed (usually around 50% or less) to settle an account. The remaining balance is then forgiven and no further money is owed.
