LYCOS RETRIEVER 
Debt Relief: Credit
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Debt forgiven on second homes, rental property, business property, credit cards or car loans does not qualify for the new tax-relief provision. In some cases... other kinds of tax relief, based on insolvency, for example, may be available. See Form 982 for details.
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If the individual finds that they need outside help, there are ... many debt relief options available. One of the best options is to get Credit Counseling. Good credit counselors are able to meet with a debtor to discuss their financial situation and workout a repayment plan and budget plan for the debtor to follow.
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Debt relief is referred to in many ways. For example, credit counseling, debt management and credit assistance are terms that are commonly used to refer to a repayment plan that helps you pay off unsecured debts. Unsecured debts include accounts such as:
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The Clear Debt Solution debt relief program lowers monthly payments, reduces total debt 40-60%, and will help you become debt free in less than 36 months. However, you do have to qualify for the program. Qualifying is not based on good credit, or having equity in your home.
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A debt relief program can help you get back your life. The harassment of bill collectors and creditors will be stopped. The dunning letters jamming your mailbox will ... cease. Debt relief programs will give you back the peace of mind that accompanies wise spending and credit use, and knowing that you are once again in control of your money. Getting financial help can positively change your life and bring you back to fiscal solvency in your personal finances.
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The best known form of debt relief is debt consolidation. The principle behind debt consolidation is that combining the many small debts, many of which are very high interest, such as credit cards, under a single loan interest lowest you can get control its debt. Under the single lowest loan interest, the total cost of debt servicing, which is your total monthly payment is less than the sum of many small debts. That at least is the theory behind all programs to consolidate debts.
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