debt collector – Consumer Attorney Greg Artim

Should I Negotiate with a Debt Collector?

Byadmin February 9, 2024February 27, 2024

We’ve received many inquiries this week about negotiating with debt collectors. Let’s get right to it… if you are sued by a debt collector, or even if you’ve received a phone call or a letter from them, you SHOULD NOT negotiate with them by yourself. I’m not saying that negotiation is a bad idea,…

Credit Reporting

1099C from a Debt Collector

Byadmin March 11, 2019November 30, 2020

The IRS requires any entity discharging a debt to file an “information return” on a Form 1099-C with the IRS. See Treas. Reg. § 1.6050P-1(a). Debt collectors or creditors will sometimes mail a form 1099-C to a consumer when debt is settled, discharged, or is no longer collectable. The most relevant requirements for our typical…

Consumer Articles