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debt consolidation


ManchiDonga

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if he is having issues with Debt Collectors read more into this http://lifehacker.com/get-debt-collectors-off-your-back-with-these-sample-let-844530333. if he is getting letters from Debt Coll he should always respond to them if he doesnt they can sue him. So if he can get hold of some attorney and come to agreement that if the attorney settles 10000$ debt for say 5k he would pay 500 as fee that would be best for him

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3 minutes ago, MeraBharat_Mahan said:

if he is having issues with Debt Collectors read more into this http://lifehacker.com/get-debt-collectors-off-your-back-with-these-sample-let-844530333. if he is getting letters from Debt Coll he should always respond to them if he doesnt they can sue him. So if he can get hold of some attorney and come to agreement that if the attorney settles 10000$ debt for say 5k he would pay 500 as fee that would be best for him

payments chestunnadu bhayya... no issues... he is not getting any letters

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Bro, just keep in mind that whatever  is forgiven as a part of debt consolidation is counted as income for tax purposes. 

For Example, If you owe a creditor/bank  $20,000 and you accept a settlement plan of $10,000, the $10,000 that was forgiven counts as income for your tax purposes. 

ATB to your friend. 

 

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5 minutes ago, Suhaas said:

Bro, just keep in mind that whatever  is forgiven as a part of debt consolidation is counted as income for tax purposes. 

For Example, If you owe a creditor/bank  $20,000 and you accept a settlement plan of $10,000, the $10,000 that was forgiven counts as income for your tax purposes. 

ATB to your friend. 

 

thanks bud.. i will let him know

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23 minutes ago, Suhaas said:

Bro, just keep in mind that whatever  is forgiven as a part of debt consolidation is counted as income for tax purposes. 

For Example, If you owe a creditor/bank  $20,000 and you accept a settlement plan of $10,000, the $10,000 that was forgiven counts as income for your tax purposes. 

ATB to your friend. 

 

+111

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