Getting out of debt can be a daunting task, and that’s true even if you’re not in dire straits financially. If you’re considering debt settlement, though, it may be acutely overwhelming. Understanding how to settle debt for less than what you owe can give you an advantage as you work to get back on your […]
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Running a business is often an all-consuming endeavor. But while hopes are often high among entrepreneurs, the fact is that many businesses struggle. According to the Small Business Administration, 50% of small businesses fail in the first five years. Even if you’re still around, you may have needed to turn to high-interest debt like merchant […]
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If you’re struggling with your debt, there is hope. Credit counseling agencies and debt resolution programs are available to help you get some relief and a new start. But what are the differences between debt management vs. debt settlement? The answer can help you decide which is the better approach for you.
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The student loan debt crisis has worsened over the last decade, with an average balance of more than $30,000. If you’re struggling to keep up with your monthly payments, you may be wondering, “Can you settle student loans?”
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Whether you owe money on a past-due debt or not, you may be the target of debt collector scams. These scams typically include harassment and threats of all kinds. However, when you try to get the information you’re entitled to by law, they balk.
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When you know you have debt that’s gone to collections, it’s a stressful financial situation to be in. You might find yourself wondering what rights you have, can debt collectors call your work and expose information to your employer, or what methods of contact are legal altogether.
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When you borrow money from a creditor, you have a legal obligation to repay it. As a result, having unpaid credit card debt can lead to a lawsuit. If you’re behind on debt, it’s in your best interest to get back on track before you’re taken to court. Debt settlement may be an option. Understanding […]
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Whenever you borrow money, you have a legal obligation to repay it in full. Settling debt for less than you owe is a possibility. But because it means you’re not completely fulfilling your obligation, there may be tax consequences. When settling credit card debt, tax implications may include treating the settled debt as taxable income. […]
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If you have a debt in collections, you may be tired of incessant phone calls from collectors. And on top of that, your credit may be taking a hit.
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If you’re struggling with debt, you may be considering a number of debt relief options. One widely known debt settlement company is Freedom Debt Relief.
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