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Prevent Avoidable Debt with These Recommended Apps

There is a lot of talk these days about cost-conscious budgeting to prevent avoidable debt. In fact, we’ve shared many handy tips and tricks on this blog to prevent over-spending and to help you feel more in control of your household’s money management. Nowadays though, there is an abundance of […]

Forgiven Debt is Taxable Income

Surprising news for many American consumers out there: Forgiven debt is taxable income! When you’re buried in debt, the one saving grace is often creditor settlement. Creditors are often willing to negotiate a significant discount on a debt when they know that a consumer is unable to pay in full. […]

Seniors Retiring with Credit Card Debt

The economic recession has affected the financial plans of many retirees and has caused many seniors to delay retirement all together. Senior citizens like many other Americans, have relied on their credit cards to pick up the financial slack of a sluggish economy. For seniors however, the amount of credit […]

Citigroup’s “Massive” Tax Break

Citigroup will be allowed to retain billions of dollars worth of tax breaks