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You can also do a d.i.y. debt negotiation if you are skeptical of the
debt relief industry. Anyway, here is a guideline for you - if ever you decide
to do it professionally - on how to find a legitimate credit counseling agency:
(according to the BBB):
-Before you select a credit counseling agency ...
Speaking of settling debt for less than the amount owed - if you do debt settlement -
and the forgiven debt amount is less than $600 - you don't have to report that as income
on your return.
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