Because of the CARD Act, creditors must print on credit card statement the amount of time to pay off the card’s balance (and interest paid) if you just made minimum payment required. I’ve spoken with many consumers and I can tell you that a lot of people think the information is a misprint. How can […]

Some experts say the recession has changed how debt should be viewed By Marcia Frellick Does “good” debt exist anymore? Financial experts differ, but many say that in today’s economy, it’s time to reconsider how we look at some common types of debt. Traditional thinking separates debt into “good” and “bad.” Mortgages and student loans […]

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 […]