Search results
Results from the Tech24 Deals Content Network
For premium support please call: 800-290-4726 more ways to reach us
Lump-sum settlement. With this negotiation technique, you offer to settle your outstanding debt in one big payment, albeit for less than your balance. For example, you might owe $4,000 between ...
Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"). In a credit card or debit card transaction, the card ...
Credit Card Rewards and the 1099-MISC Tax Form. Chances are, if you’ve received a 1099-MISC tax form from a credit card issuer, you’ve earned taxable rewards. In some cases, you may receive ...
The big question of whether credit card rewards are taxable came to national attention in 2012, when Citibank issued 1099-MISC forms to cardholders who had received frequent flyer miles as a gift ...
Debt settlement is the process of negotiating with creditors to reduce overall debts in exchange for a lump sum payment. A successful settlement occurs when the creditor agrees to forgive a percentage of the total account balance. Normally, only unsecured debts, not secured by real assets like homes or autos, can be settled.
A charge-off or chargeoff is a declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors make this declaration at the point of six months without payment. A charge-off is a form of write-off .
1. Tailor your cards to your spending. One of Agrimis' key strategies is to select credit cards that offer substantial rewards on your most common expenses. He advises choosing cards with at least ...