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, […]

Some experts say the recession has changed how debt should be viewed By Marcia Frellick Does “Good” Debt Still Exist? Many people now question whether “good” debt still exists. Financial experts disagree, but most agree that today’s economy has changed how we should view debt. For years, people divided debt into two groups. Mortgages and […]

Considering Debt Settlement? Expect a 1099 at the end of the year that the settlement is completed. This fact is given to anyone who calls and inquires about debt settlement vs a Debt Management Program. It always manages to get an astonished: “I did not know that!” Yes, The IRS treats your settled debt as income, thus […]