You must be aware of tax effects of the solution you select. Yes, depending on the type of financial debt solution you choose based on your situation there may be tax consequences. (…)

The two primary forms of unsecured credit card debt relief are debt settlement and debt management. (…)

I’ve often stated that debt settlement is meant as a bankruptcy alternative and many people are not in a situation that warrants the drawbacks it can involve. (…)

Basically any debt that is not “backed” by an asset is unsecured debt. (…)

Everybody wants to know “Who is the best credit negotiation company?” and honestly that is not the right question to ask. (…)

Credit card debt consolidation really only means taking your bills and combining them into one monthly payment and there are several ways to do this. (…)

People visit this site to learn more about their debt relief options and they want guidance on which solution is best for them. (…)

The questions about credit scores is the most common one I get on this site. Debt management plan will not hurt your credit score as negatively as a debt settlement plan. (…)

When seeking assistance in determining if an offer in compromise may be available to you as an IRS tax debt relief solution, be careful that you seek the best help. (…)

The IRS offers a tax compromise in certain situations because they know it is their only option. If you prove to them you cannot pay them your tax, they are willing to take what you can afford vs. (…)

The IRS can grant an offer in compromise to people who owe large amounts of federal taxes that they have no way of paying. (…)

I read today that over 14% of the people living in the U.S. have ten or more credit cards. That is amazing! Who needs 10 credit cards? (…)

When trying to get out of debt, the decision to cut up your credit cards needs to be looked at on a case by case basis. (…)

Think of selecting a company to assist you in clearing out your debt in the same way that you select any other important financial service you use. (…)

When using debt settlement programs to reduce the amount of debt you owe, you will pay the bills that qualify for the program to the settlement company, not your creditors (as you’d usually do). (…)

When you hire a debt company to conduct a settlement for debt that you cannot repay, remember one key point - that your are HIRING them to do the work for you. (…)

To someone who does not understand the debt relief business and how it works, it can seem puzzling that you can reduce and eliminate your debt without filing for bankruptcy. (…)

Yes, the dreaded and mysterious credit score which is a far more important number in our lives than anyone would like to admit. However, few of us understand how are credit scores determined. (…)

There are 2 common types of bankruptcy, chapter 7 and chapter 11. The new bankruptcy laws (actually almost 2 years old now) make the common practice of filing chapter 7 bankruptcy much more difficult. (…)

You want to know who’s the best at helping people like you get out of debt providing credit card debt help services? Like any service, “best” really depends on what is right for you. (…)