Dealing with Debt as an Entrepreneur
Starting a new business requires a large amount of money. Entrepreneurs are bound to encounter some ups and downs when it comes to starting a new business as they cannot rely on a consistent pay-check and have to face financial challenges head-on. Debt is quite scary for anybody but for an entrepreneur it is even… Read More »
Five Ways Students Can Shape Their Financial Future
As a student, your main focus is on your studies and having fun. However, it is important that you have a clear picture of your finances as the mistakes you make in college will follow you throughout your life. There are a great many students who are graduating in the red and facing financial problems.… Read More »
What Makes Me a Good Candidate for Debt Settlement?
A Debt Settlement Program is definitely not for everyone. Anyone with the intention of defrauding or deceiving their creditors will not be eligible for a debt settlement program. There are certain factors which are necessary for you to qualify that a well-trained professional can go over with you but in general the following factors will… Read More »
Will Debt Settlement Affect My Taxes?
Generally in the United States, the IRS considers a debt which is canceled or forgiven as your gross income and you must include this amount when you file taxes as your “income”. For example, if you had borrowed $16,000 on your credit cards and settled it for $9,000 the $7,000 difference is taxable income as it is not repaid. Your… Read More »