Americans struggling with tax debt often assume that the Internal Revenue Service is not an entity with which taxpayers may address their concerns and bargain. This could not be farther from the truth, however. Although the IRS does engage in aggressive collection tactics, it is an attentive listener that heeds taxpayers’ pleas and grievances as […]

There are several different kinds of debt that people often find themselves in; however the majority of people agree that the most worrisome type is tax debt! This is mainly due to our innate fear of being audited or summoned by the Internal Revenue Service for failure to pay taxes, which ironically, is exactly what […]

Out of the blue, poor credit often sneaks up on consumers and strikes them like a bolt of lightning where it hurts most- in their pocketbook. The triggers for bad credit reports are diverse, ranging from unemployment, illness, and divorce to an insolvent business and irresponsible spending. A negative credit rating adversely impacts consumers across […]

When your credit rating has been dealt a severe blow, there is no magical remedy to nurse it back to health. However, rehabilitation of bad credit can be achieved through the application of self-help principles and the utilization of credit card-dependent measures. With discipline, determination and patience, consumers mired in debt can overcome a poor […]

Credit reports play a pivotal role in a credit card company’s evaluation of whether an applicant poses a positive or negative credit risk. Lenders extract from them personal data concerning prospective borrowers, as well as their income, debts and credit payment history. A credit report provides a profile of the cardholders’ financial life, and creditors […]

First, what is debt consolidation really? In short, debt or loan consolidation is simple: you take out one loan to pay off many others. Why would you do this? Many times you can secure a fixed interest rate, a lower interest rate or simply for convenience. One of the most common examples of consolidated debt […]

Credit card debt has been growing steadily over the years as consumers have been using credit cards more frequently. Credit cards have been becoming more of a common place on a daily basis. According to the Federal Reserve Bank (Fed), the aggregate US consumer debt (including installment debt, but not mortgage debt) arrive at $2.46 […]

The U.S. military men and women based in Utah are no longer able to get short-term personal loans in the form of payday loans from payday lenders. The voluntary decision by Utah payday lenders to refuse payday loans to soldiers has left many members of the military upset. Many of our soldiers turn to these […]

It is surprising that a study would find an option adjustable rate mortgage (ARM), the best mortgage available. The August 2007, Columbia University and New York University study found that in an optimal environment, an option ARM or a combination of an interest only mortgage with a home equity line of credit (HELOC) work best. […]

Americans have over the span of the last 3 decades fallen in love with credit cards. The allure of plastic money has taken over the American psyche, partaking in a healthy dose of borrowing. However, the past few years of low interest rates has caused consumer debt to reach record levels. The incomes of majority […]