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You May Owe Taxes on Settled Debts
(About.com) Negotiating a lower payment is one way to pay off your credit card debt at a lower cost. When the lender agrees to settle your debt for a lower amount, say $500 on a $1,000 debt, part of the debt is cancelled. It's good news for you in the short run,
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updated 1004 (Credit Debt Management), inserted 10, updated 0, at 2012-06-02 09:08:14
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