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Re: Judgement...whychat


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Posted by LadynRed (199.91.33.254) on January 31, 2003 at 15:37:41:

In Reply to: Re: Judgement...whychat posted by Andrea on January 31, 2003 at 14:55:39:

A 1099-C is "Cancellation of Debt Income", can also be known as 'miscellaneous income'.

By paying them you started the SOL on your CREDIT REPORT, yes, but probably not on the debt itself.

Depending on many factors, you may NOT have lost, but that's water under the bridge.


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