Good day. If an account has been closed and listed as: Charged off as bad debt Profit and loss write-off. Does it affect my credit score in a negative way. If so , since it still shows a balance, could I offer them a settlement, and if so will that affect my credit score in a negative way?

A settlement company is charging 20% fee on the settlement amount. Is it normal?

Is there any tax break for middle-class people?

Hi. Haven't been on in a few years since I beat my creditors (yeay!). I have a friend that just produced a demand letter from a debt collector attorney, on ohio state attorney general letterhead, for an alleged back taxes obligation (says he paid up every quarter, and no way ever made enough to get anywhere close enough to the $54k (of state taxes) demand. 1. Looks like debt collectors can used state ag letterhead http://codes.ohio.gov/orc/109.08 How does one find out if this lawyers office actually has permission from the ohio state ag. 2.

Hello, I have a few questions I'm hoping someone can help me with. I've heard from family/ friends that a creditor/ collection agency can freeze your bank account for money owed. I personally know someone it happened to in Pennsylvania ( i'm in Florida).Typically how does it work? I have some debt that I owe to 1 credit card company for around $4,000 (3 different cards, same company) and I had a repossession for $9,000. I also have medical bills in collection. I had some financial troubles to say the least about 18 months ago.

Any idea how long should I keep my tax records?

Despite my letters they still are after us about owing them money. Any advice for my next move?

Is there any necessity to combine our financial accounts? Me and my huband don't have any joint accounts but we pay out bills monthly. I have heard that it helps when you have joint accounts to take out a loan.

I have quite a bit of debt. Recently I have come to know that a collection agency will collect the debt. I can't pay the full amount. Is it ok not to entertain them so that they agree to settlement?

What is the EITC eligibility criteria for grandparents?