You will need to eventually hire a professional arbitrator, such as a tax lawyer, to submit an accurate and acceptable Offer in Compromise to the IRS. However, there are some simple and essential things you can begin to do if an Offer in Compromise is a viable option for settling your debt to the IRS.  … Read more

The home foreclosure and short sale market today is bloated. It is unequivocally a buyers’ market and will certainly continue to be for a few more years. For those selling, they make be asking for nothing short of a miracle to get them out of a house that has become too much of a financial  … Read more

If you are already in over your head in credit card debt, you probably don’t have many nice things to say to your creditors. However, if you are just beginning to consider credit card negotiations as an option, the bargaining table may not be as bleak as you think. Many people, over time, find themselves  … Read more

The IRS Offer in Compromise is the last stop if you simply cannot pay back years of unpaid back taxes. If you aren’t already aware, the OIC negotiation allows for the delinquent taxpayer to pay back a portion of what they owe in back taxes. The IRS will accept a portion of the owed taxes  … Read more

A successfully negotiated IRS Offer in Compromise, when filed correctly and accepted, will officially release you from debt to the IRS you simply cannot pay and back taxes. What’s more, you will be free of the stress and worry and your credit rating will improve. You will start over as a citizen, and be able  … Read more

Unless you are living under a rock, you should be well aware that the stock index and credit rating agency Standard and Poor, “S&P,” has issued a shot across the bow to the US government to clean up its debt and spending habits. Though Congress and the White House were able to agree on legislation  … Read more

Creditors are notoriously one-sided when it comes to reporting credit: don’t expect a fair and balanced credit portrait if you miss a payment on your mortgage or fall behind on your credit card payments. Here are some things to know that could save you from painstaking credit card negotiations or a loan modification. Remember, your  … Read more

In light of high credit card debt and delinquent payments, many are worried about how their credit will be effected. This worry is legitimate concern of most Americans. But most people have no idea how the score is calculated. The common conception is that credit scores are good if you’ve “never been late on a  … Read more

Mortgage loan modification has benefited millions of Americans by reducing the principle on their loans their monthly payments through refinancing. Many feel like they are finally getting a square deal after the neighborhood home value has plummeted. This is not always the case. Banks have a number of weights and measure they employ to determine  … Read more

Typically speaking, anyone who has a foreclosure on his or her credit history will have to wait seven years before than can apply for a new loan.  This is an industry standard for mortgage lenders. There are situations where a borrower can reduce the length of time they must wait before they are eligible to  … Read more