Categoriescash net usa loans payday loan online by

Credit counseling agencies cannot, nonetheless, negotiate any elimination or reduction of the financial obligation.

Credit counseling agencies cannot, nonetheless, negotiate any elimination or reduction of the financial obligation.

No. That 15-20% of debt you “saved” shall now be counted as earnings for you. And also you shall be asked to pay income taxes onto it. That’s right. In the event that you initially owed $100,000 with debt additionally the debt negotiation business got you away from paying $25,000, the IRS will count that $25,000 you “saved” as the earnings. Read More Credit counseling agencies cannot, nonetheless, negotiate any elimination or reduction of the financial obligation.