clnelson22 asked:


We have some credit cards with high interest rates and we can’t afford to pay more than the minimum payment because the interest is so high.

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mirkatuveri asked:


Can I use form 982 to file insolvent on remainder of credit card debt that I settled eventhough I do not own real property or have a mortgage?

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nextvideogamedesigner asked:


There was a commercial on TV about a certain debt settlement agency.
One of the main differences about this company is that it has a cash back program. I think that you receive cash everytime you pay a bill on time (or something like that.)
I tried to get the phone number, but I didn’t get the full number in time.
Does anyone know the phone number or have any information about the comapny?
Thanks.

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Smiley asked:


Does it matter the amount – settled ?

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garson m asked:


I have incurred over 100k to keep my business going when times got tough my business now takes care of its own and i break even barely the card payments are killing me even though i am making them regularly i am sick of playing balance transfer and if my business suffers or slows down i am in trouble my question is what do i need to do to settle with card companies and what effect will it have on my business can they put a lien on my business i am sole proprietorship no corporation should i incorporate if i am gonna do debt settlement any feedback woud help thanks.

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garson m asked:


I have incurred over 100k to keep my business going when times got tough my business now takes care of its own and i break even barely the card payments are killing me even though i am making them regularly i am sick of playing balance transfer and if my business suffers or slows down i am in trouble my question is what do i need to do to settle with card companies and what effect will it have on my business can they put a lien on my business i am sole proprietorship no corporation should i incorporate if i am gonna do debt settlement any feedback woud help thanks.

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clnelson22 asked:


We have some credit cards with high interest rates and we can’t afford to pay more than the minimum payment because the interest is so high.

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mirkatuveri asked:


Can I use form 982 to file insolvent on remainder of credit card debt that I settled eventhough I do not own real property or have a mortgage?

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Sekaii asked:


if i have settled a $1500 credit card debt directly with the bank for only $454.79, what is the purpose of having me fill out a IRS tax form 1099-c? and how will this negatively or positively affect my taxes and/or credit?

(i owed $1500, they said i could pay $454.79 and i will be forgiven the ramining balance of $1050.. so of course i payed the 454.79 to get out of debt lol..i didnt use a debt elimination company, i got the voucher directly from the bank.)

also, any tips or recommendations you can further give me on this issue? i plan to settle with a few other credit card companies in the same way.

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Courtney A asked:


I have had a rough year filled with the birth of my daughter,several surgeries, my work closing abruptly, and my husband leaving me. In this last year, I have used my credit cards to pay for bills, food, gas, baby supplies, basically they were my crutch. As soon as I get them paid off I am cutting them up and never opening one again…..

…In the mean time, I need some help or advice from someone who has had maxed out credit cards before and settled with companies….

I have a maxed out target credit card with a limit of $6,000, and $500 and growing in fines. This is my second time maxing it out, I paid it off in full the first time.

I also have a Discover credit card with $3,000 limit, and $200 in fines.

I haven’t paid on either of these in over 4 months.

When I get my tax return and financial aid check from school, would either of these just accept half of what I owe them if I offered it to them in whole? Would Target just accept $3,000, and consider it good?

I’ve never done this type of thing before, but I have a friend who said that her mom has done it several times, and I’m just thinking it’s something to look into, and debt advice would help.

Thanks..
Target calls me every 3 days or so. They are trying to get me to work out sometype of payment plan, and there’s one that lowers the payments for 6 months, I could afford that, and by that time it will be tax season.

Discover doesn’t have my vurrent phone number, but I’m sure if I gave them small payments of some sort, they can’t turn me over to collections as I would be trying to make payments. Thanks for the advice!

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