Business and Law

It never fails to amuse me to hear critics of debt settlement warning those who are considering this form of debt relief that they may be facing a tax liability as a result of canceled debt. Even funnier are the warnings about the effect that debt settlement will have on your credit score.

Why do I find this amusing? Well, apparently these so-called “experts” have never been in a situation where they’re forced to choose between bankruptcy, debt consolidation, debt settlement or consumer credit counseling. When you’re faced with tough financial decisions, and you’re unable to make ends meet, the last thing you should be concerned with is your credit score. Rather, it’s time to find a solution to put your debt and sleepless nights behind you.

Last 5 posts by Ronald Roxxy

• The New Business Tax Law - August 31st, 2010
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• How Law Firms Can Help Business Owners - August 26th, 2010
• Ontario Law Firms - August 25th, 2010
• What's the Deal and Are They the Same? - August 20th, 2010

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