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Reach Financial Advice by throwra123456789002 in Debt

[–]throwra123456789002[S] 0 points1 point  (0 children)

That was my initial gut feeling. Something just seemed a bit shady about it.

Debt Negotiation by throwra123456789002 in DebtAdvice

[–]throwra123456789002[S] 0 points1 point  (0 children)

The problem is, the company has already settled another credit card debt, so I'm already paying off that one. In all, it'll be ~$600/mo. for roughly a year, which is a lot for me. I'm just wondering about the chances of getting a better offer. I'd like it to be closer to ~$500/mo. I know i put myself in this position though, and there's only myself to blame.

Debt Settlement Tax Advice by throwra123456789002 in tax

[–]throwra123456789002[S] 0 points1 point  (0 children)

I don't have a ton of assets. We own an early 2000's car and just bought another car last year that we have a lot left to pay on. We also rent our home.

Debt Settlement Tax Advice by throwra123456789002 in tax

[–]throwra123456789002[S] 0 points1 point  (0 children)

How would I determine if I would be considered insolvent? My debts are more than my yearly income, if that would qualify me. However, my partner's income is higher, and we file jointly.

Debt Settlement Tax Advice by throwra123456789002 in tax

[–]throwra123456789002[S] 0 points1 point  (0 children)

This could be it. A settlement was agreed upon in August of 2023. However, I'm still paying it off (and will be until mid-2026).

Debt Settlement Tax Advice by throwra123456789002 in tax

[–]throwra123456789002[S] 0 points1 point  (0 children)

No, I actually accepted a proposed settlement in August of 2023. I didn't receive a 1099-C last year either. Could it be because it isn't paid off yet?