Are credit card debt settlements taxable ?

i settled my credit card ,i heard i gotta pay taxes,im student never worked and filed taxes before,dont have any assets,live with my parents

can any one tell me about credit card debt settlements and are they legit ?

How can I Negotiate Debt Settlements?

What can you tell me about Liberty Settlements of Houston TX. an their debt settlement progrom?

Debt Settlements work? I am about to start working witha company but need feedback, www.debtfreeleague.com?

Need information about debt settlement companies please

Are there any debt consolidation companies that do bulk settlements that clear your credit quickly?

I want to work with a debt consolidation company that pays off the debt on your credit report quickly and have you pay them monthly. I do not want a consolidation company that only pays the collectors as you pay them.

I recently paid off my debt entirely through settlements and have a 520 credit score. When will it go up?

I settled for as little as 20% of the balances but settled all of them. Will paying them off with such little an amount affect me too? And how soon will my credit improve?

Question about debt settlements and letters of validation…?

A collection agency contacted me about a debt that is over 5 years old that I don’t even recall. They offered me a settlement, but I chose to ask them for vertification of the debt. The person I spoke to them made it sound if the debt was indeed mine, they wouldn’t offer [...]

Do debt settlements have an effect on next years tax return, primarily credit card debt?

If you have elect to not pay all the interest on a credit card and are given a settment offer with the difference being over $600, does that count as income? Does it then have a negative effect on next years tax returns??

How can I negotiate my own debt settlements with creditors without using a “debt settlement” company?

unsecured debt; collections accounts

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