Any ideas as of best way to deal with mortgage in a vacant house?

Getting rid of my mortgage payment without hurting the credit that much? “What would you do in my situation?” I bought a house in 2005 for 160K, fully financed. I bought a car few months later for 20K (my fully paid one broke and I needed a new one which represented more monthly payments out [...]

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Must I report my 1099C amount as income on my Federal Tax Return?

I paid off an old credit card debt. They offered me a settlement amount and I paid it off. The company that I paid it off with sent me a 1099C "Cancellation of Debt" Form. A copy of which was sent to the IRS. The instructions on the form said there are some exclusions. One [...]

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Paying Off Old Debt When Repairing Your Credit Can Hurt

Paying Off Old Debt When Repairing Your Credit Can Hurt Your Credit Score Paying the debt is also no guarantee that the nightmare will stop. The collector may decide that if youre willing to pay at all, you could be made to pay more. Settling a debt for a smaller amount than the collectors says [...]

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Getting rid of my mortgage payment without hurting the credit that much?

"What would you do in my situation?" I bought a house in 2005 for 160K, fully financed. I bought a car few months later for 20K (my fully paid one broke and I needed a new one which represented more monthly payments out of pocket). Additionally I paid for the landscape, gutters, electrical outlets and [...]

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I’m trying to fix my credit. Is it better to make ongoing payment arrangements with creditors, or pay in full?

We're talking about outstanding debts of 0 to 0, but I've got about 00. I can pay them all off in the next 6 weeks or so (thanks, IRS!), but would my credit score improve if I made payment arrangements instead and kept them?

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How can I get a bad credit loan to consolidate IRS, school, and a bill for a light poll I ran over?

I have about 00 in debt from the IRS, State of MD, EdFund, and a light pole that I hit without insurance. I have a bad credit score (546) but I'm steadily employed but I only make commission. Read more here

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Help..Confused Debt settlement or Debt Relief?

I am working with US Consumer Advocate on my 76,000 debt on credit cards. Started last week to work for a settlement. For the past two days I am getting calls from a guy at Federal Debt Relief Systems fdrs.org. He promises to do a better faster job then USCA and repair my credit (yea [...]

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