Debt Settlement Savings Taxable - Debt Negotiation Budget

is the amount that is forgiven taxable?

Yes, in debt settlement the amount you do not have to pay as a result of the debt negotiation process is taxable. It is something to be sure to budget for up front before you start the settlement process. A reputable debt settlement company should make you aware of this.

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I owe like 15,000 including a debt consolidation a year ago,plus i have lots of payday loan,can somebody help me consolidate all my debt into 1 payment

Hello…

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what can i do we have a 14k car loan and a26k on my truck also24k on my motorcycle ineed help unfortunatly we bring in small amount my wife gets paid every other week who can we get to help us with these debts?

I am sorry but no debt relief programs can assist you with these debts as they are secured meaning that if you cannot afford to make the payments on them you will have to sell the car to pay off the loans…

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Can I still be helped if credit card debt has been turned over to a Law Firm or Collection Agency?

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