Please check my 3/7/13 posting on 1099-Cs for important updates! I’m currently working with a client who is considering settling debts and concerned with having to pay income tax as his accounts are still owned by the original creditors. So I did some research and I just reviewed the current rules. As always, I’m NOT [...]
CreditFactors Services
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Recent Posts
- Suing Experian for failing to investigate and Chase for reporting FALSE late payments
- Suing Dell Financial Services because it REFUSED to settle an old chargeoff
- Only forgiven PRINCIPAL is subject to a 1099-C upon settlement or non payment – NO tax if you were insolvent
- Maximizing your FICO scores through low REPORTED balances
- Moving to new server
Recent Comments
- dennis on Suing Experian for failing to investigate and Chase for reporting FALSE late payments
- Christine on Suing Dell Financial Services because it REFUSED to settle an old chargeoff
- Devonne on Suing Dell Financial Services because it REFUSED to settle an old chargeoff
- Christine on Suing Dell Financial Services because it REFUSED to settle an old chargeoff
- jon on Suing Dell Financial Services because it REFUSED to settle an old chargeoff
Categories
- After bankruptcy reporting (4)
- Analyzing myFICO reports 101 (4)
- court ruling (2)
- Debt buyers (4)
- Debt Settlement (3)
- Experian refusal to correct (2)
- FICO scores (6)
- FTC Complaint (1)
- General (5)
- Illegal collection practices (3)
- IRS 1099 (1)
- Mortgage lending (1)
- Proposed Legislative Changes (2)
- Restablishing credit (1)
- Systemic violations (9)
- Debt buyers fraudulent interest charges (1)
- Experian lates AFTER charge-off (2)
- Experian MISSING date of first delinquency or charge-off for ALL collections (1)
- Experian MISSING date of first delinqueny / charge-off (2)
- Experian refusal to investigate factual disputes (2)
- myFICO Equifax FICTITIOUS late payments (1)
- Student loan balances higher than high credit (2)
News Releases and Open Letters
- 2/26/07: Open Letter to Fair Isaac Regarding its Addition of FICTITIOUS Derogatory Data to Credit Reports and Sale of Defective myFICO Reports
- 3/7/06: Notice to Arizona Department of Financial Institutions of First Magnus Financial Corporation Payments of Illegal Kickbacks (RESPA) And False Advertising (TILA)
