Forgiven Debt Really is Income
There was a pretty good post over at WiseBread yesterday on how if a credit card company forgives some of what you owe, what was forgiven is income you have to pay taxes on. On the one hand, this is a point worth repeating because it seems to surprise most people. On the other hand, the post neglects to mention an important exception, and, moreover, feeds into the belief that this is an irrational fluke of the tax code. It isn’t. It makes sense. You owe Credit Card Corporation (CCC) $5000. [more...]
Date: 2009-09-23 15:59:00
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Debt Consoldiation: The Benefits of Consolidating Debt
Amazon.de Widgets Debt Consoldiation: The Benefits of Consolidating DebtBy: Daniel Millions - Debt is a big problem for millions of Americans and other citizens around the world. Debtors who are in exceptionally deep often die with bills unpaid, and the debt is passed on to their relatives. When credit first became available, it was nearly impossible for the average consumer to acquire a credit card. Nowadays, companies want people who have trouble paying their bills, because that means they wi [more...]
Date: 2009-06-28 20:02:50
BABY STEPS TO ‘PEACE-OF-MIND’ FINANCIAL MENTAL HEALTH
BABY STEPS TO ‘PEACE-OF-MIND’ FINANCIAL MENTAL HEALTH January 15th, 2009 No Comments 1) Begin to pay off all revolving credit cards. House mortgage and car loans can be factored into monthly financial obligations. 2) Put your “ ... for what you have. Gratitude can cure cancer and bad attitudes. 5) Ask someone every day, “What can I do for you?” 6) [more...]
Date: 2009-01-15 17:55:16
Audit of California Avocado Commission uncovers at least $1.5 million in questionable spending
During the three-year audit period, 18 employees used commission credit cards to pay for purchases including meals, flowers, luxury spa services and clothes from high-end retailers, the report says. Something has been rotten at the state agency behind a splashy $7-million annual marketing blitz on television [more...]
Date: 2009-01-10 08:00:00
Random Snippets
by hilzoy Just a couple of things I had to highlight ... in recent years, credit card companies are realizing that some hard-pressed Americans will not be able to pay their bills as the economy deteriorates." Really? All those credit card offers to people [more...]
Date: 2009-01-05 07:20:09
What If You Can’t Pay All Your High Priority Debts
by Ian Pelham Although individual priorities may vary, ... I can pay my credit cards.” Not a good idea at all. Virtually every strategy to keep your home ... strategies for dealing with debt problems discussed throughout this course. Occasionally, though it is best [more...]
Date: 2008-12-22 18:55:18
Long Term Condo Strategy
I know I have to get out. This place is going to the birds ... spruce up the place first. I’d have to put it on credit cards, move out and pay for a sublet/rent ... for the bathroom repair. (I should stop calling it a renovation, because it was well and truly damaged [more...]
Date: 2008-08-13 19:15:16
Immediate Credit Card Debt Relief
Credit card debt relief can be accomplished through several ways. First of all though is to accept the fact that paying a monthly payment that is more than 20% of the monthly income other than for a mortgage or rent spells trouble. [more...]
Date: 2009-09-26 11:20:17
After Conceit: Recovering from the Credit Crunch
Wealth is created through an economic sleight of hand ... , but of the future value that people have promised to create. When you pay for groceries with a credit card ... by what we already have. Debt creates real opportunities for equality. Without debt, the impoverished [more...]
Date: 2008-10-13 12:29:58
House shines light on student bankruptcy
“Earlier this week the House held a hearing on private student loans and bankruptcy, shedding light for the first time on a rather unknown yet devastating aspect of student debt. Did you know that because of legislation dating back to 1976 under the Higher Education Act private student loans are unable to be discharged through bankruptcy? In other words, feel free to run up the credit card and splurge, but take out loans to pay for education? That’s just reckless. [more...]
Date: 2009-09-29 02:57:21
11 Secrets to Paying Off Credit Card Debts
The current growth of UK debt is £1million every 8 minutes and we all contribute a Stonking £263 million in interest a day. There is currently 27 ... card debt in the UK for September 2008 was £55.7 billion and the average adult in the UK ... consolidation is the solution of last resort unless it is the only option available to you due to the lack [more...]
Date: 2008-12-19 03:01:13
a little more about Ireland
Eric reminded me last night that I never created a page for our Ireland trip last November ... for us was having to pay in cash as he didn’t accept credit cards, but I would still highly recommend this place ... lighthouse photographer, John Eagle. My only complaint was that our room was in need of some repair [more...]
Date: 2009-01-12 18:31:58
Are You Experiencing Credit Card Woes?
With rising expenses all around, millions of American households are faced with the realization that they owe more than they can pay. No matter who you owe money to, whether it be store or credit card debt, medical bills ... of your debt in credit or medical bills, not student loans? You can allot $125-$200 a month towards [more...]
Date: 2008-08-23 04:03:15
The Mary Kay truths you find out later
West face of the United States Supreme Court b... Image via Wikipedia From the Pink Truth: "Mary Kay-isms" abound in every Unit, everywhere, USA ... to pay down your credit card debt. How many of these were you told?" So what are the stories? Go to Pink Truth to find out more.Related articles by ZemantaConsumer Debt Relief Is Aiding Tens [more...]
Date: 2008-11-25 02:34:56
Debts..yikes how do i overcome it
It is a human psycology that we spend more than we earn ... , I AM DEBT FREE!!! I thought I was going to have to spend my entire life paying off credit card bills ... for you to start saving money and get out of debt. Even if you have bad credit, debt consolidation [more...]
Date: 2008-09-02 20:03:23
Set It and Forget It: Extra Modest 15-Week Payment Plan
In an effort to boost my savings rate more rapidly, I’ve set-up a payment plan that will pay down the $1500 credit card convenience check I wrote ... for months and months. This way, by November 21st, the credit card balance will be back to zero [more...]
Date: 2008-08-14 11:49:58
Five Ways to Consolidate Your Debts; or is There Another?
Debt consolidation is always tricky and if you don’t go by the rules, you might land up in great trouble ... the 20%-plus you’re now paying to the credit-card company. 5. Negotiate with others: This final bit ... . First of all you must remember that debt consolidators are not doing everything [more...]
Date: 2008-12-20 18:24:33
debt consolidation
As we find ourselves living in the credit crunch of a world, ... purposes - we see people using them to pay off high interest credit card debt and student loans ... t also note that unsecured loans are also available. We have seen that debt consolidation loans [more...]
Date: 2008-12-15 15:17:50
Earn 20 Percent on Your Money - Guaranteed
GW_94 There is no quicker nor sure-fire way to improve your current financial condition than to pay off high interest debt, especially high interest credit card debt. Remember that “a penny saved is a penny earned” ... who carries about $10,000 in credit card debt, you’re probably giving away between $1,800 and $2,600 [more...]
Date: 2008-12-03 06:01:48
Debt consolidation
As with most Americans there are few things as bad as being deep in debt ... card consolidation. I will need to get the payment on my credit cards back where I can afford to pay ... . Debt Consolidation is one option that I am looking at and I will need to make up my mind quickly [more...]
Date: 2009-01-08 01:39:30
Maintaining Excellent Credit Rating
Being approved for credit is a sign that someone is willing to take a risk on you with their money ... out your credit card number online when you were making a purchase. It is possible that some unscrupulous ... on credit as long as you can pay for it eventually. Aside from cleaning up your credit, build a savings [more...]
Date: 2009-01-15 03:41:35
Order, Or Something Closely Resembling It
...Could we move New Year’s Day to, say, February 1st? It would give us a little more time to come down off the carb high, pay off the credit card bills, throw away the wrapping paper, and (for the third year in a row) find out where the kids hid... [more...]
Date: 2009-01-05 16:05:41
Reduce Your Debt Significantly!
A careful study of your finances reveal to you a numbing reality that you are in debt, and deeply so! You just can’t pay all your bills ... the new card. The most common form of consumer debt is credit card debit. Another way ... of its obvious benefits, a bill consolidation loan is always very attractive. Debt consolidation [more...]
Date: 2008-11-29 18:07:42
I owe Citibank negative five centavos. How do I pay it?
THIS IS MY unusual, and so overly annoying problem for more than a year now. I welcome any out-of-the-box solutions you may offer ... center agent to somebody who went on to probe why I wanted to terminate my credit card. To cut the story ... months ago. I decided to stop using my Citibank-Shell credit card which I started using just a [more...]
Date: 2009-01-13 22:01:33
Lifestyle - Grow Green: 10 Tips for Personal Sustainability in Trying Economic Times
Alan Greenspan is calling it "a credit tsunami" that policymakers did not expect ... that will last, pay your bills, eat out less. Meantime, consolidate to one major card, close high ... away your credit cards for emergency use only Let's face it, spending is addictive, and having [more...]
Date: 2008-10-24 16:00:00
Net Worth December 2008
Finally, I'm wrapping up my 2008 numbers! Today I'll tackle net worth, and I'll post expense and income numbers tomorrow ... to have no debt other than my mortgage-- I had a little more outstanding on my credit card at the end ... growing as I pay down the mortgage-- this assumes that the market value of my home has stayed the same [more...]
Date: 2009-01-12 14:26:33
Consolidating Debt
With the bad market now, a lot of people turn to get help to consolidate debt ... or pay off credit card bills. By the way, various programs are available for consolidating debt ... that is applicable to you. Technorati Tags: Debt,Consolidation,Credit Problem [more...]
Date: 2008-09-18 19:32:03
Horse-race-loving former police chief winds up behind bars
Frank Kessler, former Garden Grove police chief, councilman and mayor, and his wife were arrested Wednesday on suspicion of financial misdeeds, ... and personal loans with a city-issued credit card. They were named in a 21-count district attorney ... card, then charged an additional$2,000 to the card to pay a debt collection agency. The PE reports [more...]
Date: 2008-12-18 19:55:29
Annotated Digital Culture Links: December 16th 2008
Links for December 16th 2008: The writer’s guide to making a digital living ... his online show is “silly,” but it helped pay off credit-card debt. One year after YouTube ... it, you had to erase it! Amazing stuff. Top 10 Most Pirated Movies of 2008 TorrentFreak - Surprising [more...]
Date: 2008-12-17 03:47:15
Debt Management Ideas
by William Blake One of the fastest growing businesses in America right now is debt management ... your money. If you have trouble paying more than the minimum on your credit card bill, for instance ... if you can get yourself out of debt now. - Enter a Debt Counseling Program: There are good programs [more...]
Date: 2008-11-01 07:23:58
No Money Buy HDTV Now
I was thinking to use credit card to buy HDTV and pay by installment for 2 years, but I still cannot afford to pay for the monthly installment due to my financial problem. I think I have to settle all my debt first before purchasing HDTV, may be I can buy it after next year [more...]
Date: 2009-01-15 04:02:52
New Year’s Financial Resolutions
Guest Post by Dara DuguayEach year, the most popular New Year’s Resolutions usually alternate between losing weight and getting one’s finances under ... , come with fees and interest rate charges that are usually higher than your credit card purchases ... an emergency fund will give you peace of mind.3. Pay more than the minimum on your credit [more...]
Date: 2009-01-09 05:34:00
How to Avoid Filing for Bankruptcy
Bankruptcy is an ugly word in the financial world. But many people see it as their only way out of financial trouble ... . Instead, steps should be taken in order to pay back debts and clear credit, like debt consolidation ... is also affected by our society’s recent dependence on credit cards, as well as our debt to income ratio [more...]
Date: 2009-01-06 14:45:08
Happy Turkey Day - to the turkeys who don’t die
Permalink Page 1 of 443 pages 1 2 3 > Last » Search CreditSuit ... ? Richard C. Cook: STOP paying your credit cards! Trado update: looking for Drupal expert to help ... and wealth By Christine on 11 26 2008 NPR report on AmEx lowering credit limits By Andrea [more...]
Date: 2008-11-23 05:36:00
THAT'S IT!!!! I am creating my own bailout plan
I woke up the following headlines this morning: * DHL to cut 9500 jobs and close US service centers * Government provides record aid ... dollars in my 401K account and I have had a couple of credit card companies try my patience ... us in the near future. Here is the break down:FINANCIAL HEALTH * Debt - Pay off all my credit [more...]
Date: 2008-11-11 00:07:00
Book Review and Giveaway: Good Deals & Smart Steals
By Lynn Truong Good Deals & Smart Steals: ... receipts, avoid paying credit card interest, always comparison-shop, and takes advantage of savings ... offers hundreds of ideas for getting the best value for your money on every kind of purchase. I've also [more...]
Date: 2009-01-09 16:59:03
How to Keep From Getting Judgment Liens
Judgment liens can be placed against ones home or other assets when they refuse to pay credit card bills, home improvement bills, ... against the home of the person that owes the debt. While a judgment is often said to not be as serious [more...]
Date: 2009-01-15 14:38:39
An update on our micro-finance project
... : $50 for her shop's stock increase.Khalida Parveen Women in Pakistan : $100 for the repair ... you like. There is no overhead, you pay via your credit card, and when loans are repaid, they are repaid [more...]
Date: 2009-01-10 23:22:34
Best of KCLau’s Money Tips 2008
2008 is an exciting year for me. I was able to build more income streams and therefore increase my overall income compared to the previous year ... you are looking for about Bursa Malaysia Case Study: Consolidating Personal Loan, Mortgage and Credit Card Debt Do you have the assets to pay for your liabilities? Personal Asset Inventory Template How [more...]
Date: 2009-01-11 23:00:36
Fix Bad Credit In Easy Steps
Fixing bad credit requires some time and research on your part and a plan you can stick to ... bureau. They will amend your credit file to reflect the changes. High debt/credit ratio. If you think you have maxed out of any of your credit cards, make it a priority to pay down [more...]
Date: 2009-01-06 07:03:34
Paying My Student Loans
This post originally appeared on January 23, 2008. It explains how I’ve managed my American student loan payments as an expatriate in France ... with me when I moved to France: my American Visa and my student loans. I have paid off my credit card, although ... . Then it finally hit me- my father owns a store, and has the ability to charge credit cards [more...]
Date: 2008-12-25 11:00:02
Avoid Payday Loan
If you spend more than you earn on a regular basis, it is a bad practice ... to borrow a loan, so you can save 15-30 USD by not paying the loan interest! • Use your credit card ... companies often make use of your needs and leads you into the debt trap. The most obvious drawback [more...]
Date: 2008-12-04 12:36:55
Obama wants to do what?
Obama's big plan to "jumpstart the economy" includes enacting a windfall profits tax on the oil companies in order to provide $1, ... it in my IRA or pay down my credit card.But I ask you, why should the oil companies be financing my retirement or paying off my debt?Another plan to help Americans is addressing predatory credit card company [more...]
Date: 2009-01-09 02:15:00
Capitalism Derailed--it's a Good Thing
(Author's note: this is a revised version of a previous post. I received some great and critical feedback, which, hopefully, is reflected here.) ... , our collective credit card is beyond maxed out: the national debt is estimated around $10.6 trillion ... Whether you recently lost your home or your job, had a pay cut, had to run up your credit [more...]
Date: 2009-01-04 23:33:36
Your Future without Debt!
There is a lack of financial and investment education in our schools, among the many things not taught ... of changing to a rewards card like a rewards credit card. Once this debt is eliminated, take the money ... payoff money, cannot change until you pay off all of your debt for this method to work best.If [more...]
Date: 2008-08-14 05:42:00
A Way To Make a Million Dollars
By Mark Roberts So you want to learn how to become a millionaire. This desire to become a millionaire takes many qualities ... to go beyond a paycheck that pays the bills and credit card [more...]
Date: 2009-01-14 18:09:30
How Online Buyers Pay
eMarkerter published an article this morning regarding which payment methods online shoppers use. and projections until 2013 ... , was "most secure...don't have to enter credit card information online." (they must mean everytime ... } I had to enter my credit card/debit card information) With our personal swiping device, you "never [more...]
Date: 2009-01-14 14:14:00
Out-of Work Stress
I’ve been getting a lot of letters from people asking how to cope with job loss. HB wrote: My husband was just downsized out of his job ... severance pay. We do not have any savings to speak of but have money available on a line of credit and do not owe on credit cards. We own our own home. I want to plan around the scenario that he may [more...]
Date: 2008-12-26 18:07:44
Out-of Work Stress
I’ve been getting a lot of letters from people asking how to cope with job loss. HB wrote: My husband was just downsized out of his job ... severance pay. We do not have any savings to speak of but have money available on a line of credit and do not owe on credit cards. We own our own home. I want to plan around the scenario that he may [more...]
Date: 2008-12-26 18:07:44
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
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