Successfully completing a debt relief program can erase as much as 30% to 50% of your enrolled balance. But forgiven debt is treated as regular income by the IRS, which means you have to pay taxes on it.
Freedom Debt Relief (FDR) is providing clients with free state and federal filing this tax season, saving them hundreds of dollars. Users can submit IRS Form 1099-C (cancellation of debt) and their settled debt will automatically be calculated into their income.
Freedom Debt Relief
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Minimum debt
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Fees
Settlement fee is 15% to 25% of enrolled debt. $9.95 escrow account set-up charge and $9.95 monthly service fee
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Availability
Not available in Colorado, North Dakota, Oregon, Rhode Island, Vermont, West Virginia, Wisconsin, Wyoming or Washington,…