What is the 11 word phrase credi... from Luna's blog

What is the 11 word phrase credit loophole?

As soon as you use the 11-word phrase [please cease and desist all calls and contact with me immediately" to stop the harassment, call us for a free consultation about what you can do to resolve your debt problems for good. Farmer and Morris Law, PLLC, is dedicated to providing excellence in legal representation.大學生信用卡

Is it good to keep credit cards with no balance?

An active card can help your credit, but a zero balance is best for your score.

How much is considered too much credit card debt?

If you spend $3,000 of that limit, you have a credit utilization ratio of 30%. Generally, anything between 1% and 30% is manageable for most consumers. If someone exceeds 30% of their credit utilization ratio, chances are they may be in too much debt.清卡數邊間好

Why did my credit score drop when I paid off a collection?

It's possible that you could see your credit scores drop after fulfilling your payment obligations on a loan or credit card debt. Paying off debt might lower your credit scores if removing the debt affects certain factors like your credit mix, the length of your credit history or your credit utilization ratio.

How much will the IRS usually settle for?

How much will the IRS settle for? The IRS will often settle for what it deems you can feasibly pay. To determine this, the agency will take into account your assets (home, car, etc.), your income, your monthly expenses (rent, utilities, child care, etc.), your savings, and more.

What's considered high credit card debt?

The general rule of thumb is that you shouldn't spend more than 10 percent of your take-home income on credit card debt.無需入息證明貸款

How to get out of 100k debt fast?

One practical solution is Debt consolidation, which involves taking out a new loan at a lower interest rate to pay off multiple high-interest Debts. This can simplify your financial obligations and potentially reduce the amount you pay in interest. Bright Money can help you in this area.

What is the average debt of a 70 year old?

In 2022, the average debt of consumers aged 65 to 74 was $134,950, according to the latest Federal Reserve data, compared to $94,620 for those 75 and older.

Can I negotiate with the IRS myself?

You can submit an offer on taxes owed individually and for your business. Here are the main reasons the IRS may agree to accept less than the full amount you owe: Doubt as to Collectability: This means you don't have enough income or assets to pay your balance due in full.