The Truth About Credit Card Debt Settlement (Part 3)
Posted On: April 21, 2009
By Curtis Arnold, CardRatings.com Reporter
Editor’s Note: This article is the third of a three-part series about debt settlement.
Taxes and Settlement
The IRS classifies forgiven debt as income. (That’s true even if the settled amount included interest or penalty fees.) If you owe $10,000 and settle for $6,000, the difference is considered to be taxable income. This [...]
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StumbleUponThe Truth About Credit Card Debt Settlement (Part 2)
Posted On: April 16, 2009
By Curtis Arnold, CardRatings.com Reporter
Editor’s Note: This article is the second of a three-part series about debt settlement.
How is Settlement Different Than Credit Counseling?
Credit counseling and debt settlement are two completely different approaches. Most credit card companies work with credit counseling agencies. They will often encourage consumers who are having trouble paying their bills [...]
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The Truth About Credit Card Debt Settlement (Part 1)
Posted On: April 14, 2009
By Curtis Arnold, CardRatings.com Reporter
Editor’s Note: This article is the first of a three-part series about debt settlement.
As an increasing number of people struggle to pay their bills, debt settlement companies are thriving. You can find their ads promising to settle your debts for pennies on the dollar anywhere.
If you’re drowning in debt, those [...]
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How to Overcome High-Pressure Credit Card Debt Collection Tactics (Part 2)
Posted On: April 7, 2009
By Gerri Detweiler and Mary Reed, CardRatings.com Reporter
Editor’s Note: This article is the second of a two-part series on debt collection.Calling Debtors At Work
If a debt collector calls you at work and you tell him that you can’t talk to him when you are on the job, he must stop contacting you there immediately. [...]
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How to Overcome High-Pressure Credit Card Debt Collection Tactics (Part 1)
Posted On: April 3, 2009
By Gerri Detweiler and Mary Reed, CardRatings.com Reporter
Editor’s Note: This article is the first of a two-part series on debt collection.On a recent Dateline NBC investigation, debt collectors posing as law enforcement officers were captured on tape illegally threatening debtors with immediate arrest if they didn’t pay up. Unfortunately, complaints about high-pressure debt collector tactics [...]
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Citi Credit Card Rewards Responsible Action (Part 2)
Posted On: March 31, 2009
By Michael Killian, CardRatings.com Reporter
Editor’s Note: This article is the second of a two-part interview with Terry O’Neil, Executive vice president of Citi Cards.
Mike: Can you elaborate on some of the benefits of this program?
Terry: Citi Forward has great built-in features and benefits that include:
Quarter percent purchase APR reduction when making a purchase, staying [...]
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Citi Credit Card Rewards Responsible Action (Part 1)
Posted On: March 26, 2009
By Michael Killian, CardRatings.com Reporter
Editor’s Note: This article is the first of a two-part interview with Terry O’Neil, Executive vice president of Citi Cards.
Who hasn’t ever paid a credit card late fee? Consumers are often penalized with over the limit fees or a higher interest rate for being late on a payment. Wouldn’t it [...]
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Help With My Credit Rescues Debtors from Credit Card Debt
Posted On: March 18, 2009
By Michael Killian, CardRatings.com Reporter
Editor’s Note: This article is an interview with Joe Ganley, a spokesperson for Help With My Credit.Daily, the economy seems to become more and more difficult to deal with. Consumers across the land are screaming for aid in dealing with their credit load. Major banks have joined forces to offer consumer [...]
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Re-thinking Credit Card Choices (Part 2)
Posted On: February 19, 2009
By Michael Killian, CardRatings.com Reporter
Editor’s Note: This article is the second of a two-part interview with Linda Sherry, the Director of National Priorities at Consumer Action.
Mike: It has been suggested that those with good credit scores will find good credit card deals and those with poor scores will not find cards available at all. Are [...]
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Re-thinking Credit Card Choices (Part 1)
Posted On: February 17, 2009
By Michael Killian, CardRatings.com Reporter
Editor’s Note: This article is the first of a two-part interview with Linda Sherry, the Director of National Priorities at Consumer Action.
Exceptional times often require exceptional measures to deal with events. No one doubts or questions the seriousness of our economy. Consumers are cutting spending and shedding debt whenever and wherever [...]
