Posts Tagged ‘debt forgiveness’

SBA Offers in Compromise: The Rules are Changing or Debt Forgiveness!

It used to be that it would take about a year to get a return response from the SBA after an offer in compromise was submitted. The response would come directly from the SBA via a letter, either a rejection or a counter proposal or an acceptance. You would never be allowed to talk directly […]

Consolidate Your Credit Card Debts With Credit Card Debt Forgiveness

If you have been considering credit card debt forgiveness, you are not alone. With the recent state of the economy and unemployment on the rise, it is no wonder that so many people turned to their credit cards in their time of need. Unfortunately, at some point this was bound to catch up with people. […]

Debt Forgiveness Can Lead To Higher Tax Bills

Debt forgiveness is also known is debt relief. This is where the creditors relieve you of all or some of the debt that you owe on certain things such as credit cards, mortgages, loans, etc. This is a helpful deal but it can also lead to spending more money than intended. Debt forgiveness is sometimes […]

Debt Forgiveness Can Lead To Higher Tax Bills

  Debt forgiveness is also known is debt relief. This is where the creditors relieve you of all or some of the debt that you owe on certain things such as credit cards, mortgages, loans, etc. This is a helpful deal but it can also lead to spending more money than intended.   Debt forgiveness […]

The Mortgage Forgiveness Debt Relief Act of 2007

President Bush signed into effect on December 20th of 2007 the Mortgage Forgiveness Act of 2007. The debt forgiveness act through mortgages applies to transactions taken place in 2007, 2008 and 2009. Finding out further information is what a person must have to make an informed decision and to see if the act applies and […]