Getting cc to lower balance?

iVillage Member
Registered: 09-21-2008
Getting cc to lower balance?
2
Mon, 09-22-2008 - 7:03pm

I have read on a few posts that people called their CCs and asked them to lower the balance as a settlement.

 

iVillage Member
Registered: 11-17-2007
Mon, 09-22-2008 - 11:43pm

Suze Orman Saturday had a whole show on just that subject I would check out her web page and see if there is anything about what she said.


A couple of things I remember Go in person and speak

iVillage Member
Registered: 01-10-2006
Tue, 09-23-2008 - 1:05am

Also what you didn't pay on the bill you had to claim at tax time as income


Thought I'd chime in on this since I do taxes.


You have to report it as income IF you received a 1099 form (for cancellation of debt)