How soon can you start negotiating with my creditors?

2022-03-18T23:18:13-07:00January 21st, 2020|

Most of your creditors will only engage in serious conversations with your negotiators about debt settlement if they know you are really committed to paying them off. You can only prove this payment obligation by accumulating enough money in your assigned savings account. In general, the first settlement usually takes

Will my account continue to accumulate interests and late fees?

2022-03-18T23:20:28-07:00January 20th, 2020|

Part of your agreement with your credit card companies allows them to continue to add interest and late fees to your debt any time you fail to make payments. This means if you let your accounts become delinquent, your creditors will continue to add interest and late fees onto your

Will I owe taxes on my forgiven debt?

2022-03-18T23:21:17-07:00January 19th, 2020|

According to the IRS, a forgiven debt is a taxable income. This means that at the end of the year, you will be expected to pay taxes on the settlement. However, IRS Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness, may exempt you from this tax. Please

Should I include all of my credit cards in the program?

2020-03-08T14:01:46-07:00January 17th, 2020|

Each case is unique. Many people prefer to keep one or two cards off their debt program to use for emergency funding. However, in general, you should include all cards with a balance greater than $500 in the program, as this will facilitate the negotiation of an agreement by your

Can a creditor sue me?

2022-03-18T23:26:41-07:00January 16th, 2020|

There is a slight possibility that any creditor can sue you. Lawsuits are expensive and creditors try to avoid them. However, if you stop paying your creditors, there may be a chance that they may sue you in an attempt to collect what you owe them. Whatever your situation maybe,

How will I know if a debt relief company is the right one?

2020-03-08T13:59:42-07:00January 15th, 2020|

Whenever you are looking for a debt consolidation company that helps you pay off your debts, there are important questions you need to ask: are they transparent about the types of debt they accept, do they provide a realistic timeline for getting you out of debt and a fair estimate

Are debt relief companies a scam?

2022-03-18T23:28:04-07:00January 14th, 2020|

We act with integrity and passion in everything we do, but unfortunately, not all debt relief companies have the same ethical commitment as we do. We recommend that you review all eligible companies before embarking on a debt consolidation program. As an Accredited and Executive founder of the American Fair

Can you help me with all my debts?

2022-03-18T23:29:16-07:00January 13th, 2020|

With the Rebound From Debt consolidation program, you can pay off your credit card debts, medical bills, department store cards, most types of collection debt and many other unsecured debts. Our program does not cover debts that involve collateral (such as car loans and mortgages). We also cannot cancel federal

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