How to Report Your Securities Settlement?

Answer Whenever an investment security on a public stock market is bought and sold, a confirmation is produced "settling" the final purchase with all the associated details. This confirmation is provided ... Read More »

Top Q&A For: How to Report Your Securities Settlement

What does it say on your credit report when you make a settlement?

Settled debts are usually marked as "paid charge-off" or "settled charge-off," according to Bankrate. These notations are still considered red flags to potential creditors, so it may be beneficial ... Read More »

Your Mother passed away 2 years ago and you are getting a settlement can credit card debt go after the settlement?

Answer Well, if they are garnishing your wages, than probably yes. What you should do is call and bargain with them to pay them off. If you owe $1,000, tell them you can pay $500. It's better j... Read More »

How to Report Taxes on a Litigation Settlement & Promissory Note?

The laws applying to litigation settlements and promissory notes encompass two different universes as far as IRS regulations apply. Litigation settlements are generally broken into damage awards an... Read More »

Can a bank offer you a settlement on a charged off auto loan and later refuse the settlement offer because you received a check from your auto insurance company to fix your car from an accident?

Answer Yes, the bank or any lending institution can withdraw any offer unless a contract has been signed by all parties.