Carnival of Credit Card #10
–By Sagar Satapathy
Welcome to the 10th edition of the Carnival of Credit Card. It has not been a great week for us, as we received only 9 posts out of which 5 posts managed to make the cut. Here are the posts in the order they were received.
Abdulrasool Sumar presents 10 Crucial Debt Reduction Mistakes posted at 3 Debt Consolidation. If you have had a debt settlement agreement with your debtors where they wrote off your debt, this automatically creates taxable income for you! According to IRS Form 980, if you receive a debt settlement of $600 or more, it will automatically be reported to the IRS and the beneficiary of this settlement will have to include this forgiven debt in his taxable income!
Stephanie presents Residual finance charge posted at Find Credit Online Blog. Make sure you’ve really paid it all off when you think your credit card is paid off.
The Free Geek presents Top 20 Geek Rewards Programs posted at The Free Geek. All that money you’ve spent achieving higher geekdom could actually be helping you in the long run, thanks to a myriad of reward programs.
Mr Credit Card presents Citi Professional Cash Card by AskMrCreditCard.com posted at Ask Mr Credit Card’s Blog. The Citi Professional Cash Card allows you to earn 3% cash back on purchases made at restaurants, gas stations, certain office supply merchants, and for auto rentals.
Allen Young presents Credit Card Disclosures-Read the Fine Print posted at Living the Dream. Reading the fine print in your credit card disclosures can make you aware of some dangerous traps and save you money.
That concludes the 10th edition of the Carnival of Credit Card. Keep submitting your posts to the future editions of this carnival. Thank you for your support and contribution.
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