Under current Office of the Comptroller of the Currency (OCC) rules, when principal balances on debts are forgiven, the banks must write off the amounts forgiven and report it to the IRS. For debtors, that means they may be hit with the double whammy of a tax burden while they are still trying to pay [...]
Entries Tagged as 'Original Creditor'
Ways To Monkey With Collection Agents When They Call
April 29th, 2009 · 6 Comments · Consumer Debt, Debt Collection, I'm suing those guys!
Most people are pretty scared when a collection agency calls them, and rightly so. A collection agent is trained to get the client to pay and they can be intimidating and downright nasty. Why not turn the tables on them and have some fun at the same time? If you’re being hounded [...]
Tags: Attorney General's office·Clients·collection agencies·Collectors·have fun·Original Creditor·Stress Relief·turn the tables on them
I think I’m being sued!
February 8th, 2008 · No Comments · Credit Counselor Front Lines, I'm being sued!
Yesterday’s call:
My client got a letter from a lawyer who offers to represent her and is giving her an advance “courtesy” warning that she is about to be sued. These lawyers peruse public records and in the hopes of getting new clients. And this client had not been served!
So she is all panicky [...]
Tags: complaint·I'm being sued!·lawsuit·Lawyer·Original Creditor·Panicky
