Shuffling Debt: My Impatience has Gotten the Better of Me…

Fudgie the Whale - Happy Birthday to Me! Using one of those 0% credit card offers, ... have on my Chase credit card… ... cancellation of PMI. I have a sinking feeling that when I put in my third cancellation request [more...]

Date: 2008-08-13 09:16:36

Blog posts (19) | Videos (8)
 

Taxpayer Advocate Gripes About IRS

Taxpayer Advocate Gripes About IRS August 25th, 2008 According to the Seattle Post Intelligencer, Nina Olson, ... in place to assist victims of identity theft. • Cancellation of debt income. When an individual ... their homes to foreclosure or who default on car loans or credit card debts. Last year, Congress passed [more...]

Date: 2008-08-25 13:51:49

IRS Tax levy, Tax Collection, Tax Lien, Foreclosure Debt Foregiveness Rules May Be Amended.

Los Angeles, California - IRS will be improving IRS tax procedures to protect victims of tax-related identity theft and expanding outreach and ... to assist identity theft victims. 3. Cancellation of Debt Income. When an individual or business ... to foreclosure or who default on car loans or credit card debts. Taxpayers may exclude the amount [more...]

Date: 2008-07-22 19:43:56

Do You Have Interest In "NO INTEREST"?

CarCareONE It's the solution to the question "Where do I get the money to fix my car? ... *No annual fee *Optional debt cancellation Keep your vehicle in tip-top shape with the CarCareONE card ... " CarCareONE is a credit card with a line of credit that is used just for your car. Now you don't [more...]

Date: 2008-12-11 18:02:14

HSBC ensures NO customer satisfaction at Best Buy

HSBC ensures NO customer satisfaction at Best Buy DA in Texas said: “We were taken Hook-Line & Stinker!!! We were never given the option of a “Debt Cancellation” when we signed up for the Best Buy credit card. It was not even explained to us. It just showed up on our bill.” Read the rest of this entry [more...]

Date: 2008-09-11 14:38:39

Plotting the Debt Reduction Course

It feels like it’s been months since I last accomplished a financial goal. In fact, it *has* been months. It’s getting me down. I eliminated $28k+ worth of credit card debt way back on March 27 with a $508.13 payment ... , you have the right to request cancellation of PMI when you pay down your mortgage to the point that it equals [more...]

Date: 2008-06-12 16:55:34

Christmas: Paid In Full

Yippee! I don't have to pay my Christmas bills if I just download this sheet of stickers from Benny Hinn and follow his simple instructions:CLAIM YOUR DEBT CANCELLATION TODAY BY USING THESE STICKERS!Place a sticker on your mortgage, loan, and credit card bills, as you ask God to give you a financial breakthrough.As you send in your seed [more...]

Date: 2008-12-27 02:35:00

Entitlement to Credit

Tony Pugh writes for McClatchy on Credit ripoff: How a $100 purchase turns into a $1,000 debt The story is about subprime credit cards, ... the card. That cancellation was never confirmed in writing by either side and the credit card issuer ... credit limit, but when the card arrived, Adams said, she'd already been billed for $285 in processing [more...]

Date: 2008-06-29 16:09:34

Two Options For Debt Control Considered

There are so many people who simply want to know how they can escape from the heavy burden of debt they are saddled with ... all of them together into one payment. Sometimes a credit card company or debt consolidation agency ... . There are some disadvantages to debt consolidation plans. You will have to cancel all your credit cards, which [more...]

Date: 2008-07-25 10:57:50

Is the credit card bailout real?

Until you actually see it happening, it isn’t real ... card debt collections. Credit card industry data indicate the average debt discharged in Chapter ... the rule. While a deal may help avoid credit card cancellation or bankruptcy, it will also lead [more...]

Date: 2009-01-06 08:34:26

They cancelled my credit card

I just saw this article called “My credit card was cancelled” on the money section of CNN.com ... closing all the others. We also occasionally purchase something on them and quickly pay it off ... . We have been working the last three years to pay off over $30,000 of consumer debts. I love the feeling [more...]

Date: 2009-01-01 16:05:52

A Guide to Debt Cancellation

A Guide to Debt Cancellation Posted in October 7th, 2008 by guest in Credit repair What is debt elimination? ... common. Nine out of ten people have at least one credit card, and most of these people are at least a few hundred dollars in debt with their card. Pay Off Your Bills This is just a given [more...]

Date: 2008-10-07 23:12:07

1099C

The Forms 1099 come in a wide variety of alphabet soup ... , I am seeing that form much more often. Form 1099C reports the cancellation of a debt. When a credit card ... where a creditor has or may be canceling a debt: Ask if a 1099C will be issued and for how much. Talk [more...]

Date: 2008-06-06 15:10:24

Lesson learned

I learned a lesson this week.  I hate learning by experience ... , but my credit limit on all my cards was high.  This cancellation has very much decreased my debt to credit ... . I got a letter in the mail that a credit card I’ve had open for five years, with a substantial [more...]

Date: 2008-12-17 10:00:50

A Survival’s Guide to Debt Elimination

What is debt elimination? Debt cancellation is the pathway of getting your outstanding debts under control and then avoiding getting into debt in ... out of ten persons have at least one credit card, and the majority of these people are at least a few hundred dollars in debt with their card. Pay Off Your Bills This is just a given [more...]

Date: 2008-12-24 17:06:36

Don’t Worry, Be Happy: Surviving the Financial Crisis?

Are you surviving the financial crisis? While the mainstream media seem more interested in spinning stories of foreclosures, ... a credit card balance, or like my wife and I, added a photovoltaic system to power our all-electric CitiCar ... Americans are exiting the debt-based economy, paying off credit cards, canceling car loans, paying [more...]

Date: 2008-11-20 04:12:42

Mealy Apples

Is there anything more disappointing than biting into an apple that has no crispness and flavor? ... , I bit into a mealy apple of my own. My bestbuy credit card started charging me a "debt cancellation" fee. I recently bought a nice expensive system on credit because of the no interest financing. Well [more...]

Date: 2008-06-05 01:15:10

Old Debt Settlements Can Come Back to Haunt with Large Tax Bite

Q. I settled a debt in 2007 for less than owed, paying $15,000 on a $22,000 debt ... you for being so singled out)! Most of the time if you settle your debt with credit card companies ... as a result of cancellation of debt. The amount of forgiven debt will count as income. According to the IRS [more...]

Date: 2008-12-01 14:54:03

Credit Card, Shmeddit Shmard!

I would like to announce to the world - or the 4 people that occasionally read my blog - that as of today, July 10th, 2008, I am officially credit card debt-free. I made the last payment of 308 dollars today and abruptly ... like it was a deadly sin to cancel a credit card after I hadn’t even used it in over 4 years and finally was told [more...]

Date: 2008-07-11 02:16:33

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