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How Times Have Changed

Years ago, spending beyond one’s means was considered a character defect. Today not only do people spend beyond their means but also there are companies that advertise on radio and TV to eliminate or reduce your credit card and mortgage debt. Students saddled...

Cancelled Credit Card Debt is Taxable

Billions of dollars in credit card debt that was charged off during the “Great Recession” some of it decades old — is coming back to haunt borrowers in the form of unexpected tax bills. Debt that is canceled or forgiven is considered taxable income,...