Am I obligated to pay taxes on any money saved through a successful debt settlement?

2 Answers

Yes, you'll have to pay tax on the money saved through debt settlement. IRS considers it as a taxable income. 


Yes..check the IRS website.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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