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by Joshua Caucutt

Credit card debt negotiation in 3 (not) easy steps
You can still dicker over your credit card debt and work out better terms, but . company to forgive past punitive fees to further reduce your balance (which it may .
http://www.creditcards.com/credit-card-news/help/step-by-step-credit-card-debt-negotiation-6000.php

The Mortgage Forgiveness Debt Relief Act and Debt Cancellation
Jan 24, 2012 . Can I exclude debt forgiven on my second home, credit card or car loans? Not under this provision. Only cancelled debt used to buy, build or .
http://www.irs.gov/individuals/article/0,,id=179414,00.html

Credit Card Debt Forgiveness Rules | eHow.com
Credit Card Debt Forgiveness Rules. The laws surrounding credit card debt forgiveness are indeed a tricky slope to navigate. Anyone who has ever run into .
http://www.ehow.com/about_5272031_credit-card-debt-forgiveness-rules.html

Credit Card Companies Willing to Deal Over Debt - The New York ...
Jan 2, 2009 . In other cases, borrowers who appear to be pushed to the brink are being offered deals that forgive 20 to 70 percent of credit card debt.
http://www.nytimes.com/2009/01/03/business/03collect.html?pagewanted=all

Credit Card Companies Forgive Some Debt - ABC News
Jan 19, 2009 . They might forgive but they won't forget. Banks are more willing than ever to cancel some of your credit card debt, but the non-payment will .
http://abcnews.go.com/Business/Economy/story?id=6662160&page=1

Forgiven credit card debt leads to a big tax bill - Featured Articles ...
Apr 11, 2010 . Dear Liz: My husband racked up more than $17000 in credit card debt and negotiated a settlement for $4000 last year. We received a 1099-C .
http://articles.latimes.com/2010/apr/11/business/la-fi-montalk11-2010apr11

Credit Card Alert: Watch Out for “Forgiven” Debt - MainStreet
Oct 1, 2009 . It seems like a great deal. You owe $10000 on your credit card tab but the carrier will accept $5000 to close out the account and retire the debt.
http://www.mainstreet.com/article/moneyinvesting/credit/debt/credit-card-alert-watch-out-forgiven-debt

DEBT FORGIVENESS ACT AND PROGRAMS- Can I ... - Credit Debt
Is it possible to legally reduce your debts? Find out. There is a real way out!
http://creditcarddebtx.com/the-debt-forgiveness-act-and-programs-can-i-reduce-my-debts-legally/

Credit Card Debt Forgiveness
Credit card debt forgiveness, without the use of bankruptcy or settlement negotiation, is a claim that can only be validated if one has gone through the specific .
http://www.christianet.com/debt/creditcarddebtforgiveness.htm

Americans struggling with credit card debt still slow to forgive lenders
2 days ago . Millions of Americans are still working to find debt relief and get out from under the burdens of the credit missteps they may have made in the .
http://debtmerica.com/industry-news/11-credit-cards/1176-americans-struggling-with-credit-card-debt-still-slow-to-forgive-lenders

Unlike discharged debt, forgiven credit card debt can lead to tax ...
Mar 28, 2012 . In late February, this blog discussed a temporary tax waiver that Congress created in the wake of the economic meltdown. That waiver applies .
http://www.bankruptcylawyeroh.com/2012/03/unlike-discharged-debt-forgiven-credit-card-debt-can-lead-to-tax-liability.shtml

Credit Card Companies Forgive Debt... Sort Of | brass
Jun 22, 2009 . Imagine you owe over $5000 on your credit card. Out of the blue, the company calls to ask if you can pay just 80% of the balance, and they'll .
http://www.brassmagazine.com/blog/credit-card-companies-forgive-debt-sort

Forgiven Debt is Taxable Income | Bad Money Advice
Jun 22, 2009 . That forgiven mortgage debt is treated more favorably than forgiven credit card debt is yet another reason why the received wisdom that you .
http://badmoneyadvice.com/2009/06/forgiven-debt-is-taxable-income.html

Credit Card Forgiveness Can Help Reduce Your Military Debt
Jun 22, 2009 . If you a military servicemember buried under an ever-mounting pile of debt, credit card debt forgiveness can offer a better way out than .
http://www.militaryhub.com/article.cfm?id=66

The Costly Tax Trap of Debt Forgiveness - Yahoo! Finance
Mar 23, 2012 . As he explained, some of his clients have called their credit card company and asked for some of their debt to be forgiven. As part of a deal to .
http://finance.yahoo.com/news/costly-tax-trap-debt-forgiveness-151957704.html

6 exceptions to paying tax on forgiven debt - Credit Cards
Feb 11, 2011 . Before you write a check to the IRS for forgiven debt, see if you qualify for one of these six exceptions to paying tax on that debt you didn't have .
http://www.creditcards.com/credit-card-news/six-exceptions-paying-tax-forgiven-debt-1282.php

Credit Card Debt Forgiveness, Cancellation & Termination ...
If you have ever done a debt settlement or used a debt negotiation program, it is possible that you received a letter about the tax consequences of debt .
http://www.payingpaul.com/credit-card-debt-forgiveness.php

What are your thoughts on 0% APR balance transfer offers? Have you ever taken advantage of one?

(photo credit: state of georgia health insurance department)

credit card bargaining

Susan Tompor: Cancellation of Debt form can't be ignored | Detroit ...
Mar 15, 2012 . "We have had customers who received these forms for either debt cancellation on credit cards or on their mortgage," said Matthew Sheldon, .
http://www.freep.com/article/20120315/COL07/203150459/Susan-Tompor-Cancellation-of-Debt-form-can-t-be-ignored

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