Signs Credit Card Debt is Getting Out of Hand

OK, so your ends are still meeting, but just barely. You’re praying nothing entailing a large expense happens because you don’t know how you’ll handle it. The credit cards that seemed like a good idea way back when now have significant outstanding balances and you’re questioning whether or not they really were a smart choice.

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Time Is Running Out For Avoiding Taxable Income On Your Foreclosure

It seems that the ultimate “insult-to-injury” scenario would be to lose your personal residence to foreclosure or a short sale, then find out that you owe taxes on the “income” you “received” as a result. But that is exactly what could happen to millions of homeowners who will face foreclosure or be forced into a short sale on their personal home after December 31, 2012.

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