Thursday, February 6, 2014

This week's top story: 6 exceptions to paying tax on forgiven debt

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Weekly newsletter: Feb. 6, 2014
 More credit card news
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Top credit card news
Expert advice
6 exceptions to paying tax on forgiven debt
6 exceptions to paying tax on forgiven debt
Before you write a check to the IRS for forgiven debt, see if you qualify for one of these six exceptions to owing Uncle Sam on that debt you didn't have to pay ... More
New 'reward booking' pros promise award flights for less
You could book your own frequent flier ticket, but a "professional award booker" promises to find better free flights for fewer points -- for a fee ... More
5 financial cleanses to break bad money habits
Take a page from the nutritional world and go hard-core after the parts of your financial life you want to change with these five habit-breakers ... More
'Opening Credits' by Erica Sandberg
How many is too many credit cards?
If you have great credit, 0 percent offers are there for the taking, but a drawer full of paid-off cards may have credit consequences ... More
'To Her Credit' by Sally Herigstad
Hiding from her ex, she skipped car payments
A mom and her kids went into hiding to escape an abusive husband, but stopped making car payments. What comes next? ... More
'Let's Talk Credit' by Jane McNamara
Don't confuse intro rate with deferred interest
Interest accumulates like a ticking bomb on deferred-interest deals, exploding into huge charges if you don't pay the balance in time   ... More
TAKING Charge BLOG
Rate Report
Orlando teen sentenced for celebrity credit card takeover
You'd never mistake Luis Flores for Ashton Kutcher. Mila Kunis never drops by, much less the paparazzi. But that didn't stop him from staging his own "Two and a Half Men" celebrity takeover last May ... More
New rate-raising tool: 'reverse repo'
A historic glut of cash in the economy is about to force changes in the way the Federal Reserve controls short-term interest rates -- including the variable APRs on credit card balances ... More
Credit card rate report
As of 2/6/2014
National Average
15.00%
Business
12.98%
Low Interest
10.46%
Balance Transfer
12.55%
Cash Back
14.62%
Reward
14.91%
Bad Credit
22.73%
Airline
14.51%
Student
13.27%
Instant Approval
28.00%
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