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 an attorney or CPA — please read the IRS instructions [...]
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Recent Posts
- Capital One purchased HSBC (Orchard) – will they continue to offer BOTH cards?
- 4.25% 30-year fixed rate FHA mortgage with several UNPAID collections
- Part 1: Trans Union FICO score 738 with two charge-offs
- Quicken Loans’ refusal to provide mortgage rate for 730 FICO score
- NCO utility collection after move lowers FICO scores by over 100 points
Categories
- After bankruptcy reporting (3)
- Analyzing myFICO reports 101 (4)
- court ruling (2)
- Debt buyers (2)
- Debt Settlement (1)
- FICO scores (4)
- FTC Complaint (1)
- General (4)
- Illegal collection practices (3)
- Mortgage lending (1)
- Proposed Legislative Changes (2)
- Restablishing credit (1)
- Systemic violations (7)
- 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 (1)
- 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)
