Debt Settlement
Can People Avoid Paying Taxes on a Debt Settlement in Phoenix?
When you settle a debt for less than what you owe, it feels like a financial victory—and often, it is. But what many people in Phoenix don’t realize is that settled debt can trigger a tax bill.
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How to Negotiate Credit Card Debt Settlement Yourself in Phoenix
If you’re feeling overwhelmed by credit card debt in Phoenix, you’re not alone. High interest rates, unexpected expenses, or job loss can make even minimum payments hard to manage.
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How to Enjoy the Holidays Without Going into Debt
As we enter this festive period, it is important to consider how to enjoy the holidays without stretching your budget beyond its limits. Holidays like Christmas emphasize spending quality time with family and reflecting on the past year, but it’s also a time that is primed for overspending.
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How Creditors Try To Ruin Your Holidays
The holiday season should be a time of joy, celebration, and togetherness. However, for many individuals and families, financial struggles can cast a dark shadow over these festivities, including ruthless collection efforts from debt collectors.
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Zombie Debt: Just As Scary as Real Zombies
Zombie debt is debt that will not die, or keeps coming back from the dead. This term is used in the credit industry to describe debt that resurfaces in collections after the statute of limitations (legal time limit to collect the debt) has expired. With collection agencies still attempting to collect the debt, it can reappear on your credit report and negatively impact your purchasing power.
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Phony Debt Collectors – How to Spot Them and What to do About It
Increasingly, fraudsters are posing as legitimate debt collectors or attorneys and offering to accept a discounted amount to settle valid debts. They call unsuspecting consumers and are convincing. They typically know your social security number, your address, the amount of the debt, and the name of the creditor. They will claim to be from an organization with an official-sounding name. They will send you official-looking documents to sign. And, after you’ve paid, the real debt collector will still be able to pursue you for the full amount owed.
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