Moving my credit card debt?
My capital one credit card collections came in around 2 years .. I contact an alliance on the settlement of my debt. i owed some $ 1,350 and settled for 950 to pay more than three months and then my account is settled. Was this smart? How will you look for in my credit report? will my score goes up to pay down this debt or because the conflict? thanks
Congratulations on taking this step to clear his debt. Do not be disappointed! To settle your account only has a positive impact on your credit, especially as time passes. One thing you should take into account is that you have to pay taxes on the difference between what you owe and the amount of final liquidation. That savings is considered taxable income by the IRS. Yet well, it is totally worth it to clear their debts and set yourself on the road to financial habits. Best of luck to you ..
Credit Card Debt Trap – Part 1 of 10 – Dateline NBC…
