Forgiven credit card debt may be taxable income By Connie Prater If you thought your money woes ended last year when you settled that credit card debt, think again. Avoiding 1099-C tax problems What you should know: Have you negotiated with a creditor to pay less than you owe on a credit card debt? The […]

Dec 2 (Reuters) – ‘Tis the season to charge it. Pay a little now, finance the rest with credit cards. If you’re like a lot of people, that might sound like a good deal for holiday shopping. “We spend more in this five-week week period than in the collective 47 weeks that lead up to […]

What the CARD Act Reveals About Credit Card Debt Because of the CARD Act, credit card statements now show how long it takes to pay off a balance by making only the minimum payment. They also show how much interest you will pay over time. Many consumers think this information is a mistake. After all, […]