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How have consumers been handling inflation? Looks like they have been charging the higher costs to plastic. Interesting data in this article:

"U.S. consumers are back to bad habits when it comes to credit card debt. Following a record-setting reduction in 2020, consumers added a total of $86.2 billion in new credit card debt to their tab during 2021, capped off by a $73.1 billion increase during the fourth quarter alone. Now, consumers have started 2022 by paying down just $12.5 billion in Q1 and adding a staggering $67.1 billion in new debt during Q2 – a Q2 record."

2022 Credit Card Debt Study: Trends & Insights Credit Card Debt StudyAlina Comoreanu, Senior ResearcherSep 12, 2022Alina Comoreanu, Senior Researcher Sep 12, 2022 U.S. consumers are back to bad habits when it comes to credit card debt. Following a record-setting reduction in 2020, consumers added a total of $86.2 billion in new credit card debt....

Happy New Year for 2019!

If you're thinking of tackling your credit card debt problem in 2019, take heart. We've been seeing some great settlement results recently. For 2018, we settled a total of $2,760,304 of debt for an average of 35.1%, generating gross savings to our clients of $1,791,145.

Remember, debt settlement is not for everyone. Checkout all the free information available at ZipDebt.com and learn more.

Insolvency Calculator for IRS Form 982 Available, Updated for 2016! - ZipDebt Debt Relief If you settled a debt in 2016 (or prior years) and had more than $600 forgiven by a creditor, you will be receiving a 1099-C for “Cancellation of Debt Income.” That “income” has to be treated as ordinary income like your paycheck, unless you have an exemption for “insolvency.” In other words, if you...

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It's that time of year again, when the IRS will start sending out 1099-Cs for all that debt that was settled in 2015. Form 982 is affectionately dubbed "the tax form from hell," but you don't need to struggle with it for hours. Just order my Insolvency Calculator for $29 and save yourself time, money, and frustration.

http://zipdebt.com/product/form-982-insolvency-calculator/

Form 982 Insolvency Calculator - ZipDebt Debt Relief Updated for Tax Year 2015! The ZipDebt IRS Form 982 Insolvency Calculator Save Time and Frustration with the Insolvency Calculator for 1099-C Income from Canceled Debts

Happy New Year to my ZipDebt clients and debt relief colleagues!

Looks like the battle between Frederick J. Hanna and the Consumer Financial Protection Bureau is winding up. CFPB 1, Hanna 0. Perhaps they will actually start verifying debts before suing people on them now!

Here's a good summary article by my friend Steve Rhode:

https://getoutofdebt.org/97704/frederick-j-hanna-associates-stopped-cfpb-collection-bs

Download our Free 32-page Consumer Report: "How to Eliminate Your Debts Quickly and Safely Without Filing Bankruptcy."

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How to Eliminate Your Debts Quickly and Safely Without Filing Bankruptcy - ZipDebt Debt Relief Get the facts from an industry executive. Learn why: "Most Debt Reduction Programs Have A 75% Failure Rate, Leaving Consumers Stranded When They Most Need Help, and What You Can Do To Avoid This Trap and Achieve Debt-Freedom On Your Own!"