5 Kinds of Venomous Debt to Avoid At All Costs
Almost all kinds of debt are Venomous. One should do everything in one’s power to steer clear of it. Debt does not make you rich but it might endanger your financial future. In a perfect world, no one would be in debt but our world is far from perfect. The modern-day man’s lifestyle has changed… Read More »
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 »