Consumer debt settlement occurs when debtors who are at least three to six months behind on their credit card payments pay credit card companies a lump sum of money in exchange for an 25% to 80% decrease in their outstanding debts. Sound like a dream? Not exactly. Debt negotiation programs carry a wide array of risks that debt settlement companies rarely inform you of. Continue reading
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How to Engage in Tax Settlement Strategies
You know what they say; there are two things that are inevitable in life: death and taxes. And if you’ve gotten behind on the latter, the IRS provides various kinds of tax settlement options for you to avoid the former for your finances. Tax settlement occurs when those behind on their taxes reach a deal with the IRS in which they decrease their debt, extend their payment period or work out a new payment plan. There are two main categories of tax settlement options available: those that reduce the amount you owe, and those that do not. Here, I’ll outline the basic kinds of settlement and the pros and cons of each. Continue reading
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