Generally speaking if you have a debt cancellation you can expect income. So if you don't pay your credit card debt, the credit card company will send you a 1099 for the amount of debt cancelled as though it is income you have earned.
You shouldn't have to deliver assets and you could take advantage them regardless of whether your credit track record is made up of documents of a number on the next:rnArrearsrnDefaultsrnUnpaid credit card debt, store greeting card expenditures or application billsrnLow credit score rnCounty Trial JudgmentsrnIVA rnBankruptcyrnYou also can use in ... (more)
Shortly after turning 18 or entering college, many young people receive credit card offers.
Rob Berger is a litigation attorney and founder of the Dough Roller, a popular personal finance and investing website with a singular focus-to help people achieve financial freedom.
In February, Greg Vandagriff, 28, sat at home all day, unsure of how to entertain himself while he waited to receive new credit cards.
Robert Soliven's family no longer eats out. No more vacations or up-to-date game systems, either.
Thus it offers better pay of curiosity. The vast majority of humans wants the best matters in life.
While Benzinga mostly covers actionable trading ideas and news stories, we've decided to delve a bit deeper into personal finance.
Since the end of the recession, consumers of all ages have made significant progress in trying to get out from under the debts they held for long periods of time, but none have been more successful in this regard than those between the ages of 18 and 29 years old.
I want to refinance my mortgage, but the balance is small enough that interest rate quotes I'm getting are higher than if I had a higher balance.
The summer after graduation is a crucial time for college graduates to adjust their budgets and make some important financial decisions.
WE KNOW we're sounding like your nanna, but "hasn't the year flown? Who would have thought it was June".
Reuben is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
U.S. Rep. Joe Courtney joined a group of Connecticut college students Monday at the Capital to push for legislation that would prevent the interest rate on some federal student loans from doubling.
Spring is here, and a joyful tradition - the graduation ceremony - is being carried out across our state and around the country.