One major disadvantage of debt settlement is that the government may tax forgiven or canceled debt as income. This could eat ...

In addition, the IDS-DSSI database includes the actual debt service deferred from by each bilateral creditor and the projected monthly debt-service payments owed to all bilateral creditors.

Even if the person you co-signed for is faithfully making on-time payments, creditors still view it as your debt obligation and factor it into your debt-to-income ratio. Little or no work history ...