Tag Archives: creditor

Determine the Extent of Your Debt Problem

Step 1 Request a copy of your credit report from one or all three major credit reporting agencies in the U.S. The companies are TransUnion LLC, Equifax Credit Information Services, Inc., and Experian. Step 2 Review your credit report and … Continue reading

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Credit Card Counseling vs. Debt Settlement

It is obvious that credit card debt can hinder your financial success. Eliminating excessive debt sometimes means choosing between seeking credit counseling with a third party or negotiating a settlement directly with the lender. Both of these alternatives have advantages. … Continue reading

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What is Forgiven Debt?

After a debt settlement company has negotiated a reduced debt balance on behalf of their client, it is the client’s responsibility to report the amount of debt removed to the IRS. According to IRS Publication Form 982, any amount of … Continue reading

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Bankruptcy, what is it and how to avoid it

In this economy, many people find themselves facing difficult financial situations.  Certain circumstances such as unexpected medical bills, credit card bills, and divorces can surely present further challenges.  When the burden of debt becomes overwhelming, many believe filing bankruptcy is … Continue reading

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How to select a good Debt Settlement Back End Processing company?

Debt settlement backend processing companies like Debt Aid Processing, as their name implies, provide the actual back office processing services required for the companies that settle debt. These companies must have the licensing necessary to provide such service on a … Continue reading

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