Whether it’s the IRS, hospitals or credit-card companies or mortgage lenders, there are ways to get better terms—and maybe even reduce the amount owed
It would be hard to overestimate the impact of a crushing burden of debt. It can be a hole that gets deeper even after you spend years trying to fill it in. It can be a mountain that makes it hard to see past. And it can even stop the passage of time: Unable to catch up on their bills, some people delay marriage or childbearing, decline or delay medical treatment, or stay living in the homes of parents or friends.
For many people, though, the insurmountable debt may not be as insurmountable as it seems. Most creditors—from the mortgage company to the hospital to the IRS—are willing to discuss reductions in the debt load, or at least in the terms of repayment. The key for debtors isn’t to be so paralyzed that you fail to even try. Defaulting on debt can destroy a person’s credit score, or worse, lead to legal action and the seizure of property.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
The IRS has advice about tax questions over the holiday“With the nation entering a peak period for filing taxes, the Internal Revenue Service urges taxpayers to use online tools to get answers quickly and avoid phone delays during a traditional peak period for IRS phone lines around Presidents Day,” the federal agency said in an advisory released in advance of the holiday.
Consulte Mais informação »
USA, other nations ask IOC for clarity on whether Russia can participate in OlympicsGovernments of 30+ countries -- including the U.S., Canada, Britain, France and Germany -- don't want Russian athletes competing in 2024 Paris Games.
Consulte Mais informação »
Bird flu risk to people in Colorado is low despite recent animal infections. But what would it take to cross over to humans?Right now, the average person has very little risk of contracting bird flu, but whether that could change at some point depends on whether two viruses meet in the wrong animal.
Consulte Mais informação »
Food Stamp Program in Political Crosshairs as Pandemic-Era Changes EndThe end of the Covid-19 public-health emergency means a reset for the country’s food stamps program, but lawmakers are weighing whether to make more far-reaching changes
Consulte Mais informação »
The National Popular Vote Interstate Compact is gaining steam. It still makes no senseThere’s a great debate to have about the Electoral College, whether it should still exist or whether we should amend the Constitution and determine our president through a national popular vote.
Consulte Mais informação »
Jets' D.J. Reed says Derek Carr can 'negotiate' for his No. 4 jersey amid free agent rumorsWith the Jets and Derek Carr linked as a possible marriage this offseason, cornerback D.J. Reed joked on social media that he'd 'negotiate' for his No. 4, which is Carr's number.
Consulte Mais informação »