Educating the Least “Sophisticated” Consumer
Rick Vaughn, Categories: Credit Problems, Credit Repair, Negotiating
What is a 1099-C (Cancellation of Debt)?
If your debt has been written off by a creditor then you may receive a 1099-C from the source (i.e Chase Bank, Bank of America or Discover). You must report this amount as personal income on your taxes because you never paid it back - thus it is considered income.
However, if [...]
Rick Vaughn, Categories: Credit Problems, Credit Repair
Here is an awesome article from www.thecredittruth.org about our beloved Britney and how we can all learn from her mistakes.
Get Drunk or Stoned – Substance excess is costly, even for the ultra rich. A one month stay at famous rehabs can cost up to $80,000 a month (Source: NYPost.com). Should you select a [...]
Rick Vaughn, Categories: Dealing with Debt Collectors, Negotiating
Admittedly, this phrase has left my mouth more than once. Also, I hear it at least hear it once a week from a debtor. It’s true for them for the most part. It is my belief that most people don’t wake up and say “Hey, I don’t want to pay back my debts.” Every person no matter how [...]
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