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Forgiven credit card debt is often taxable: 1099-C forms follow debt ...
Jan 27, 2012 . Forgiven credit card debt may be taxable income . The U.S. Internal Revenue Service considers forgiven or canceled debt as income.
http://www.creditcards.com/credit-card-news/forgiven-debt-1099C-income-tax-3513.php
6 exceptions to paying tax on forgiven debt - Credit Cards
Feb 11, 2011 . Example: Trisha owed $30000 in credit card debt, which she settled by . Exception 5: Forgiven interest that would have been deductible, such .
http://www.creditcards.com/credit-card-news/six-exceptions-paying-tax-forgiven-debt-1282.php
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Wachovia Customers
Credit card debt forgiveness? Forget about it, OCC says
Nov 12, 2008 . Regulator rejects proposal to forgive some credit card debt . debtors that allow reductions in interest payments, fees and monthly payments.
http://www.creditcards.com/credit-card-news/credit-card-forgiveness-occ-1282.php
Wachovia customers with questions should call their normal banking representative or 1-800-922-4684, or they can visit chase credit cards no credit required.
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Debt Forgiveness | Forgiving credit card debt for some would benefit ...
Nov 5, 2008 . Credit card issuers would enjoy some significant benefits under the plan, . of the leading credit card issuers, including JPMorgan Chase & Co., . No interest would be charged on the remaining amount of credit card debt.
http://articles.latimes.com/2008/nov/05/business/fi-lazarus5
Banks asking for credit card debt forgiveness - Business - Stocks ...
Oct 30, 2008 . With defaults on credit card debt spiraling amid a global financial . Corp., Citigroup Inc., JPMorgan Chase & Co., Capital One Financial Corp., . by more somber notices of crimped credit lines, hikes in interest rates or even .
http://www.msnbc.msn.com/id/27462445/ns/business-stocks_and_economy/t/banks-asking-credit-card-debt-forgiveness/
Credit card forbearance programs
Forbearance programs can help reduce credit card interest rates, waive fees, and . Bank of America, Citi, Chase, Discover card, and others offer credit card . It isn 't forgiveness of your obligations, but it is a temporary reprieve from your debts.
http://www.needhelppayingbills.com/html/credit_card_forbearance_progra.html
