Want to learn more about solving debt?

sign up for news and insight here
by signing up, you agree to our Privacy Policy.

Top debt relief companies

Let us match you with the best tax debt relief company

Let us match you with the best credit card debt relief company

Tax Payment Plans: Understanding the Best Plan for You


by Andrea Miller on February 22, 2019  0 Comment

Tax Payment Plans: Understanding the Best Plan for You
The Fresh Start Program allows taxpayers who owe less than $50,000 to automatically enter an installment agreement. You have up to 72 months to pay your back taxes under this type of agreement and are able to choose a monthly payment you can afford. If you cannot afford to make payments, you can seek relief through other IRS provisions and programs. If you are unable to pay your past-due balance, you can work with the IRS to arrange a tax payment plan. When you do not pay your tax balance on time, you will be charged late fees and interest. These are both assessed as a percentage of your outstanding taxes. Even if you know you cannot pay your taxes, ...

IRS Wage Garnishment: What that Means to You


by Jill Bridges on February 22, 2019  0 Comment

IRS Wage Garnishment: What that Means to You
The IRS can garnish your wages if you fail to pay your back taxes in a timely manner. Although a certain portion of your income is exempt from garnishment, a substantial amount can be seized. You can stop wage garnishment in several ways, such as by requesting an installment agreement from the IRS. When you owe back taxes and haven't made any steps to pay off your debt, the IRS has several methods it can use to collect the debt, including wage garnishment. IRS wage garnishment means that the agency will take a certain portion of your paychecks until your back taxes have been paid in full. If you want to avoid having your wages garnished, it's important to learn ...

What Happens When a Tax Lien Appears on Your Credit Report?


by Jill Bridges on February 22, 2019  0 Comment

What Happens When a Tax Lien Appears on Your Credit Report?
Tax liens issued by the IRS may eventually appear on your credit report and can damage your credit score. If a tax lien appears on your credit report, it will remain until you've paid your back taxes and made a request for the lien to be withdrawn. After a lien is released, you can file a dispute with the three major credit bureaus to clear the lien from your credit report. If you owe money to the IRS and haven't made any efforts to pay your back taxes, you could possibly face a tax lien. Essentially, a tax lien gives the U.S. government the right to seize your personal property to cover your debts. The government can seize the assets ...

What You Need to Know About Tax Relief for Deserving Americans


by Jill Bridges on February 22, 2019  0 Comment

What You Need to Know About Tax Relief for Deserving Americans
The IRS provides several forms of tax relief for deserving Americans who are struggling with tax debt. Some of the most common forms of tax relief include installment plans and an offer in compromise. Taxpayers who are not able to pay their taxes or their living expenses can defer collection by requesting a Currently Not Collectible status. Dealing with tax debt brings its share of stress. When you owe money to the IRS, paying back what you owe and getting your finances back in order may seem impossible. Fortunately, with several available options for tax relief for deserving Americans, you may finally be able to get out from under tax debt and get back to enjoying your life. We'll explore ...

Tax Warrants: Don’t Fear Them, Get the Facts About Them


by Staff Writer on February 22, 2019  0 Comment

Tax Warrants: Don’t Fear Them, Get the Facts About Them
Tax warrants and tax liens aren't something you want to encounter in your financial life, but unfortunately, some taxpayers may face a tax warrant or tax lien. You can take steps to prevent a tax warrant or tax lien. Our team at Solvable is here to help you take control of your debt and help you move toward the financial future you desire. Taxpayers who do not pay their taxes on time can face tax warrants and tax liens. This guide will cover the basics of tax warrants and liens, the effects of tax warrants and liens, tips for how to prevent a tax warrant, alternative options for paying your taxes, and information on how Solvable can help with tax ...

Take Appropriate Action To Prevent a Tax Levy


by Andrea Miller on February 22, 2019  0 Comment

Take Appropriate Action To Prevent a Tax Levy
A tax levy allows the IRS to legally seize personal property, wages, or bank account funds to pay your tax debt. A levy is the last resort for tax collection if other attempts to satisfy a tax debt have been unsuccessful. You can avoid a levy by arranging for a payment plan or applying for other IRS relief programs. With a tax levy, the IRS can legally seize personal property and assets to satisfy an outstanding tax debt. These property and assets can include homes and other real estate, vehicles, bank accounts, wages, and other items. If you are in danger of receiving a tax levy, you will receive an official IRS notice titled Final Notice of Intent to Levy ...

Debt Management Plans: What You Need to Know


by Staff Writer on February 05, 2019  0 Comment

Debt Management Plans: What You Need to Know
For those with significant debt problems, a debt management plan from a credit counseling agency can be a useful option for improving finances and becoming debt free. However, choosing a poorly run or unprofessional credit counseling agency for a debt management plan can be detrimental to your financial future and credit goals. Find out more about how to consolidate accounts using a debt management plan and how to choose the right agency for your needs. What Is a Debt Management Plan? A debt management plan consists of a payment schedule for you to use to pay off your debts. You agree to deposit funds with your credit counseling agency each month, which they use to pay your creditors. When you've ...

The Pros and Cons of Debt Relief Programs


by Staff Writer on February 05, 2019  0 Comment

The Pros and Cons of Debt Relief Programs
Trying to get out from under debt can be very difficult, especially if you owe a large amount of money. If you're struggling to pay off your debt, and it seems like you're going to have to deal with creditors for the rest of your life, you should consider applying for a debt relief program. With the right program, you may be able to pay off your debt, get creditors off your back, and start enjoying your life again. Here are a few debt relief program pros and cons that you should consider if you're looking for a solution to get rid of your debt once and for all. Debt Relief Program Options When you're looking for a debt relief ...

Making a Plan to Pay Off Credit Card Debt


by Staff Writer on February 05, 2019  0 Comment

Making a Plan to Pay Off Credit Card Debt
Living under a cloud of credit card debt can affect every aspect of your life. Whether you're trying to pay off one card or multiple cards, you need a plan in place to help you clear your debt so that you can start planning for your future. Explore the following tips to help you as you plan to pay off credit card debt. Prioritize Your Debt When you're making a plan to pay off your credit card debt, first consider how many cards you're trying to pay off. Obviously, the more cards you're dealing with, the harder clearing your debt will be. Fortunately, you can pay off debts for multiple credit cards as long as you take it one step ...

Debt Relief Programs: Which Is Right For You?


by Andrea Miller on February 05, 2019  0 Comment

Debt Relief Programs: Which Is Right For You?
Debt relief programs offer diverse solutions to overwhelming tax, credit card, student loan, and other types of debt. Because so many types of programs and agencies exist, you must do your research to make sure you are working with a trustworthy firm that offers debt relief solutions for your specific financial situation. Common options for debt relief include consolidation, settlement, management, and bankruptcy. Here's what you need to know about the pros and cons of each. Debt Consolidation If you're struggling to manage debt from multiple accounts, consolidation could result in one fixed monthly payment with a lower interest rate. With consolidation, you apply for a personal loan at an affordable rate and use these funds to pay off your ...

You may also like