You can find out if someone owes you money for free at www.missingmoney.com. Missingmoney.com is a database of governmental unclaimed property records. You might find money from things like: Bank accounts and safe deposit boxes CDs and trust funds Stocks, mutual funds and dividends Uncashed checks and wages Utility deposits Escrow accounts This site will […]
Yes, and they can do so without notice unless it’s going to create an over-the-limit fee and penalty.
Yes. If you are more than 60 days late on a credit card payment, then the issuer can impose a penalty APR as high as 29%. If this happens the issuer is permitted to apply the 29% APR to your outstanding balances. In most cases, the Credit Card Act prevents credit card companies from raising […]
Unsecured debt is debt that is not secured by an asset like a house, land, or car. Unsecured debt is the type of debt where creditors did not require collateral before giving you access to the money. This typically includes credit cards, medical bills, department store cards, and utility bills.
Paying it off, bankruptcy, credit counseling, home equity loan, debt consolidation and debt resolution.
You don’t have to have $10,000 in debt to enroll. We do accept some clients with debts below that figure. However, you must have enough debt for debt resolution to actually be a benefit. Let’s look at it this way: If you enroll $10,000 into a debt resolution program, after your fees and after the […]
The short answer is no. However, can you be taxed for the forgiveness of debt? Yes. And that’s done with a Form 1099. The IRS views debt forgiveness like this: If somebody writes off a portion of your debt, then you have to declare that as income. You have to declare that as 1099 income […]
