FEATURE ARTICLE: Debt Forgiveness: Is it truly forgiven or is it transferred to one’s income tax?
Ever settle on a debt and wonder what will happen to the amount that was not paid? For example, if a credit card debt totaling $30,000 was settled for $7,000, what happens to the remaining $23,000? Is it just forgiven or is it taxable?
MONEY SAVING TIP: Things that consumers purchase that they can get for free.
1. Free checking. Plenty of banks still offer free checking accounts. Depending on where you live, SunTrust for example, offers a free plan with no minimum balance required. And you get free online and ATM service too. Check your local Wachovia and U.S. Bank to see if they have their own version of free accounts. Some Chases even offers $100 for opening such an account. Indeed, a host of banks and savings and loans offer free checking. So far. When you’re looking for lower fees, including free checking, always to look to smaller local banks and credit unions.
DID YOU KNOW…there are good and bad times to use your car’s a/c in order to optimize your MPG?
