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Please email me back with some information about debt consolidation, all my debts amount to around 15000, 4 credit cards, 2 students loans, couple of cell phones and dell line of credit, please let me know thru email if you can help me.

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Asset Acceptance's New Required "We Will Not Sue" Disclosure
6 Feb 2012 at 7:13am

Asset Acceptance, one of the biggest and most-complained about debt collectors/debt purchasers, recently agreed to a $2.5 million settlement to an FTC lawsuit. Asset Acceptance faced a slew of allegations including collecting debts from identity theft victims, providing false information to the credit bureaus, pursuing debts after the statute of limitations expired, and tricking consumers into restarting the statute of limitations.

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Your Credit Card Payment Amount
3 Feb 2012 at 5:01pm

Every month around this time, many people sit down with their bills and their checkbook (or their computer or iPad) and write the checks to pay the bills. With some bills, you pay the exact amount due, no questions. But with credit cards, you may wonder the best amount to pay.

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You May Owe Taxes on Settled Debts
1 Feb 2012 at 5:01pm

Negotiating a lower payment is one way to pay off your credit card debt at a lower cost. When the lender agrees to settle your debt for a lower amount, say $500 on a $1,000 debt, part of the debt is cancelled. It's good news for you in the short run, but you could end up paying taxes on the cancelled amount.

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Some Bank Customers Will Owe Taxes on Airline Miles
1 Feb 2012 at 4:07am

Going forward, you might think twice about accepting an award or prize when you open up a financial account because you could owe taxes on the award. This year, Citibank is sending out 1099-MISC forms for mileage bonuses awarded to new checking account customers in 2011. According to the LA Times, the IRS agrees that this is part of the tax law.

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Avoid Big Credit Repair Mistakes
29 Jan 2012 at 5:01pm

Don't ruin your credit repair progress by making big mistakes, like falling for a credit repair scam or by focusing on things that don't influence your credit score. Perhaps the biggest mistake of all is ignoring your credit problems instead of taking action.

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Request Validation from Debt Collectors
25 Jan 2012 at 5:01pm

Why does it seem like debt collectors get away with so much? I believe it's because so many consumers simply don't know their rights when it comes to third-party collectors. For example, did you know that you can request proof of a debt's validity when a collector first contacts you about it? If the collector can't prove you owe the debt and that they are authorized to collect on it, they can't legally continue collection efforts.

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13 States With Free and Discounted Credit Reports
22 Jan 2012 at 5:01pm

Most credit reports costs a minimum of $10.50 depending on where you purchase from. That's more than $30 for three credit reports at a time.

We're all entitled to a free annual credit report each year from AnnualCreditReport.com, but certain states have laws that grant an additional free credit report each year. Other states have laws that discount credit reports. For example, credit reports cost $3 in Minnesota.

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Best Credit Cards for Rebuilding Bad Credit
20 Jan 2012 at 5:01pm

It's tough getting a new credit card when you have bad credit. Many credit card issuers won't approve your credit card application because of your negative credit history. It makes rebuilding your credit score difficult since you can't get new, positive information added to your credit report.

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Know Your Rights With Debt Relief Companies
18 Jan 2012 at 5:01pm

Over the years, the debt relief industry has gotten a bed reputation thanks to companies who signed consumers up on expensive plans without completely explaining those plans.

In October 2010, the Federal government passed a law to end many of the predatory practices that debt relief companies engaged in. Notably, most for-profit debt relief companies, that includes debt settlers and consolidators and credit counseling agencies, can't ask you for an upfront payment and they must disclose all costs and negative consequences upfront.

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Give Your Credit Score a Boost
17 Jan 2012 at 5:01pm

Most of us could use a boost to our credit scores, unless of course, you're one of the 22% of the population with a credit score above 750 (according to CreditKarma.com). If you're planning to shop for a major loan soon, increasing your credit score by a few points could help you qualify for a lower interest rate, thereby lowering your monthly loan payment and the amount of interest you pay over the loan.

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