The Surprise Taxable Income

Credit cards in a wallet.

If you’ve had a debt settlement last year, you can expect to receive Form 1099-C from the Internal Revenue Service (IRS). This is because under current IRS regulations the amount that you saved by entering into a settlement agreement with a creditor or a debt collector is considered to be taxable income. If the amount […]

What Is Debt Settlement?

One Away to erase your debt is through settling.

While it’s possible for you to use professional debt settlement company methods for your financial situation, you may find that knowing which method to apply is more complicated than you initially thought. For example, if you were to contact your credit card company to settle your debt with them, what would be your options? A […]