Well apparently the matter regarding the enormous cell phone bill has been settled, or so everything seems. Article: "Verizon forgives balance of $18,000 cellphone bill" From the statement by Verizon Wireless: Despite making a substantial adjustment to the customer’s bill in 2006, we concluded last week the remaining balance was uncollectible, wrote it off and [...]
Article: "Family, Verizon far apart over nearly $18,000 phone bill" Last year there was the story of a cell phone bill that ran… get this… $62,000, after a Sprint customer downloaded Wall-E over his cellular data card that allows you to use your laptop on your cellular carrier’s data network. Today the feature story courtesy [...]
Why are forgiven debts treated as income? After all it doesn’t really make sense: you don’t actually receive any money when debts are written off, but the IRS may require you to report it anyway. There are a lot of articles on the Internet that tell you that canceled and forgiven debts are considered income, [...]
This is pretty much sound advice, and advice I definitely kept in my own personal dealings. You see, I have the unfortunate ability to say that I was involved in a lawsuit — and I was the defendant. One of my creditors decided to take me to court to sue me over a debt that [...]
Step 1: Pay off the debt owed to them. Step 2: Tell them to f$&@ off (not literally). Were you expecting me to say something else?
Thursday, February 4, 2010
Anyone who has racked up a lot of debt knows that if they go into default, they can be at the mercy, or lack thereof, of their creditors. For example, as a tool to try to convince you to just give in and pay the debt, a creditor or credit collection agency can threaten a [...]
Thursday, October 22, 2009
You’ve probably seen ads all over the place saying “you can reduce your debt and settle for a fraction of what you owe”. Some even go so far as to call this a “right”. I’ve been doing a lot of research on debt and debt collection laws, and let me tell you that you are [...]
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