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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "Don’t"

Debt Settlement Dangers – What They Don’t Tell You

•Credit Score – A debt settlement program will most likely have a negative effect on your credit score. How much your credit score will drop will be determined by how your credit score is right now. If you have been behind on your debts for a while already, your credit score may not be affected as much. If you have a great payment history and good credit score when you enroll in a debt settlement program, your credit score will likely plummet. A debt settlement program is NOT designed to improve your credit; it is a strategy to eliminate your debt as fast as possible and for as little as possible. Maintaining a solid payment history with all of your creditors is the only way to improve your credit. •Balances can … Read entire article »

Filed under: Debt Relief, Insolvency

You Don’t Need To Make Money To Owe Money To The IRS

Article by barbara cruz Are you one of the many who think that in order to save taxes, you have to first generate some sort of income? Though many consider tax planning and tax savings to be one in the same, let’s not get ahead of ourselves. After re-negotiating credit card debt, some find that they still owe thousands of dollars of taxes towards the IRS. How does this happen? In the event that a lender decides to forgive debt, the forgiven debt then becomes Cancellation of Debt, also known as COD income, which means it is taxable. COD income must be reported on Form 1040. Take this situation for instance. You have about $ 25,000 of credit card debt to your name and you know you won’t be able … Read entire article »

Filed under: Insolvency

I need a personal loan of $5000.00 but my credit is bad, and I don’t have enough debt to do debt consolidation?

I want to combine my debt but I don’t have enough debt to qualify for a debt consolidation program. please help … Read entire article »

Filed under: Debt Consolidation and Refinancing

we have more bills than we can pay & we don’t beleve in bankruptcy, what can i expect to see happen (legally)?

i’m 9 months pregnant and waiting to give birth at any moment, we also have a 3 year old little boy. since he was born i haven’t worked full time, but have on occasion worked part time for my old employer (when needed)…they’ve since gotten rid of pretty much everyone and don’t need any extra help. i would go get something in the evening (like at a store or fastfood) but most places in my area are not hiring and the ones that are- are definitely NOT hiring 9 mo. pregnant women… anyway, my dh found out today they are cutting his hours. we will have an excess of about 250 month IF we ONLY pay for our housing and utilities, i’m already deferring my student loans, and we would have NO … Read entire article »

Filed under: Bankruptcy Help

Getting a divorce forces refinancing. Don’t plan to stay in it more than 2 years. What is best mortgage?

If I know I will only be in the house for a short period of time is there some type of mortgage out there that will decrease the payments. My goal is to make some repairs and upgrades and prefer lower payments until the sale is complete. Need to allow 2 to 3 years before sale is complete. Live in S. Texas and housing market is stable. … Read entire article »

Filed under: Mortgage Refinancing

Mortgage Debt Relief Act of 2007 – Lenders approved short sale, How do I ensure I don’t pay taxes?

Primary residence, first time buyer, purchased condo at $298K in August 2006. Had 80/20 option ARM, both lenders finally agreed to short sale. Property will be sold by end of this month for $145K. How do I make sure that I don’t end up paying taxes for the difference? Am I covered under the Debt Relief Act? … Read entire article »

Filed under: Debt Relief

Planning to buy a harp by using loans but don’t know how loans really work?

I’m inexperienced in bank related things. I’m in high school right now as musician, and I’m planning to buy a $14,000 harp. Thing is, when the bank loans me the money, do I have the choice of waiting until I have a job as an adult to repay the loan? or will it start off as a monthly mortgage right after they loan me? … Read entire article »

Filed under: Mortgage Refinancing

If you don’t have a home or any assets how can you qualify for debt consolidation?

What amount of debt qualifies for consolidation ? Also as stated, what if you have no home or assets? … Read entire article »

Filed under: Debt Consolidation and Refinancing

Quiet Title Secrets|the “how-to” Mortgage Co.’s Don’t Want You To Know

Inside Quiet Title Secrets, You’ll Discover And Learn Proven Methods That Work ( I Know Because I Worked With The Leading Legal Firm That Was Doing This): Stop The Harassment From Your Lender Stop Foreclosure Break Free From Your Burden Save Your Home Quiet Title Secrets|the “how-to” Mortgage Co.’s Don’t Want You To Know … Read entire article »

Filed under: Foreclosure Help

What kind of options do I have to get a loan to fix my home but don’t have any equity in the home?

I am refinancing my home this month from a 30 year 7.25 to 15 year 4.34 saving $86,000 in interest. Problem is that any equity I had in the 3 years I’ve been paying, I’ll lose when I tie closing costs back in. My wife and I have excellent credit and no credit card debt (only student loan, home mortgage, and 2 car payments). Looking for about $10,000. Should I go to a bank or put it on a couple cards?? … Read entire article »

Filed under: Student Loan Help

Don’t take NO for an answer when dealing with Debt Collectors

If at first you don’t succeed… Learn what to do when you can’t get past the gatekeeper … Read entire article »

Filed under: Debt Relief

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