Debt Settlement: Taxes On Money Saved

Don't I have to pay taxes on the money I save? Yes, you may have to pay income taxes on the amount you save, but this amount is usually still much less than the amount you would have paid in interest.

Additional Related Frequently Asked Questions

Q: How do I avoid bankruptcy?

Q: What are the bankruptcy alternatives?

Q: How can credit card consolidation help me?

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	Personal Finance Money Tip: Spend less than you earn. While this seems obvious, Americans are notorious for doing just the opposite. Stop spending and start saving.

See also: debt elimination, debt management, debt negotiation, debt reduction, debt relief, debt settlement, debt settlement tax consequences, debt solutions