According to credit data from The Urban Institute for 2022, about one in three Americans has past-due debt. The biggest percentage of debt defaulters (16% in the case of medical debt) also default on credit card, student, and auto loans. Consumers may benefit from...
It’s no secret that millions of taxpayers struggle to pay their taxes. The IRS is unyielding when it comes to collecting money they think is theirs, so if you’re facing back taxes owed the federal government highly advises seeking assistance as soon as...
When you owe back taxes and can’t afford to make payments, it may be time for a special tax status known as currently not collectible. This means your debt is still valid even though there’s no chance of recovery. The IRS can no longer garnish your wages or...
