Tax Implications During a Debt Settlement Program or Bankruptcy
Deb settlement programs and bankruptcy may have significant implications for your tax situation. HOW MAY A DEBT SETTLEMENT PROGRAM IMPACT YOUR TAXES? A debt settlement program can get a debtor out of debt fast and save them tens of thousands of dollars, but there are a couple of minor downsides, such as potential tax liability. […]
Obligations of Creditors and Credit Reporting Agencies Under The FCRA
In 1970, Congress adopted the Fair Credit Reporting Act (FCRA) to protect consumers and regulate how credit information is used and disseminated. The FCRA was passed to address the growth of the credit reporting industry – which compiled “consumer credit reports” and “investigative consumer reports” on individuals. The FCRA was the first federal law to […]
