Free Credit Counseling

American Debt Enders Says Watch For FDCPA Changes

Many of you may be aware that congressman Barney Frank is leaving office after his term runs out. But, while he is still in office he is inflicting plenty of damage. He is introducing amendments to the Fair Debt Collection Practices Act, that is the bill that currently protects you the consumer from debt collector abuses, that will no doubt, in my opinion make it easier for the debt collector and more difficult for you the consumer.

As a point of fact, successful court actions against debt collectors for FDCPA violations have grown in the past two years. No doubt the Congressman has been seriously lobbied. We know, so far, that the new language looks to specifically exempt debt collectors from liability when using approved language prescribed in voice mails and messages, by the new Bureau of Consumer Financial Protection. The full text of the new bill is not yet available for public viewing.

What is believed to be clear, is that the new bill, H.R.5794 is designed to better protect debt collectors from consumers. The exact opposite of the current bill, which was passed after congress heard horror stories of abuses by collectors against consumers.

While it is still somewhat premature to render an opinion about the new bill, it seems quite clear that it's intent is to make it more difficult to file suit against debt collectors for violations of the FDCPA.

The staff of American Debt Enders will be closely following the movement of this bill.

If you are not yet a subscriber to our FREE Credit Counseling Newsletter, just visit the site and leave your email address. We respect your privacy, and no one will contact you.

Written By
Steven Ciantro
American Debt Enders
Credit Counselor
Talkshoe Radio Host
Help@americandebtenders.com
Gail Kasper Official Debt Expert
877-766-2465

American Debt Enders Says New Credit Score To Track You More Closely

In just a few months, your banker will know more about you than your wife! This is not speculation, or wild imaginings, just a simple fact. According to a NY Times article from 12/06/11, entitled, "A Credit Score That Tracks You More Closely", A company called CorLogic has teamed with FICO company, the originators of the FICO credit score now in such wide use to provide much more information on a credit report than is currently available.

What Information? How about things like Payday loans, furniture rental records, utility bill payment history, any and all types of bills that have not been paid in a timely fashion, like a Hotel Bill, etc. CoreLogic has long been in the information business. This is just an expansion of their business, since they are already supplying information on about 100 million consumers. The difference is that this will now be routinely expanded to be a part of your routine credit scoring model, used by all types of lending institutions, not to mention employers.

Fico company is tweaking their proprietary credit scoring formula to accommodate the new data on a routine basis. The present scoring formula will no longer be used.

Should you be concerned? I would say definitely. Are some of these matters really anyone's business? Think about this. It's a cold winter, and ordinarily you pay your utility bill right on time, however, because it has been so cold, this winter you had a few late payments because the price of energy was higher. How is this going to effect your ability to borrow money now? It is going to be one more thing that you have to explain to a lending institution.

Are you seeing what is happening here? Imagine what will be involved in now trying to correct errors on your credit report. This new report will be scouring records of all kinds, to include on your credit report.

I would recommend making sure that your current credit report is free of any errors now, because things are about to get more tightly controlled. That being said, if you have items which need correction, and Credit Restoration, you will want to correct them now.

Click on the previous link or visit our FREE Credit Counseling. and if you enjoyed this article, please feel to subscribe to this FREE newsletter.

Written By
Steven Ciantro
Certified Credit Counselor
American Debt Enders
877-766-2465
Help@americandebtenders.com

FREE CREDIT COUNSELING-Here Is A Free Gift To All Of Our Readers

OK, so it's summer. and I am sure no one feels like reading anything heavy. So, we thought it might be nice to give all our loyal subscribers a well deserved free gift, t let you know how much we appreciate you.

Here it is: A Free, No Strings Attached, No Gimmicks, 3 Day, 2 Night Vacation Voucher for two, to any one of 30 locations, at top flight hotels only. This promotion is done through Veretekk and The Travel Channel. You just need to fill out the form, select a location, and you can print the Voucher. It will only take you 30 seconds to answer the survey questions, no one will call you, the information only comes to us, and you might receive some interesting emails as a result of filling out the form, which you can opt out of at any time. Your information will not be shared with anyone, we promise.

So, go ahead and visit FREE VACATION VOUCHER and fill out the form, and enjoy the get away. Yes, it is really that simple.

Remember, if you need FREE CREDIT COUNSELING feel free to call us at: 877-766-2465

Have A Great Summer!

Written By:
Steven Ciantro
Certified Credit Counselor
American Debt Enders
877-766-2465

Free Credit Counseling-CREDIT-INTRODUCING The New Debt Card That Raises Your Credit Score!

In previous articles I have written about PRBC, and Credit and ways to increase your credit score that do not involve tons of effort. Well, if you need credit and need to raise your credit score, this is your lucky day!

Please let me introduce you to the new Vista Pre paid debit card If you are sick and tired of being turned down for credit then this card may well change everything for you, and quickly. The card reports to all 3 major credit bureaus, as you use it to pay any recurring monthly expenses. Like, your cable bill, cell phone bill, utilities, and on and on. As long as the payment is recurring, it gets reported. So how long does it take to get reported? How about after the first month.

So, what does this mean? It means for the first time ever, consumers can start to control their own destiny, in terms of their credit score. PRBC was good, but this is far more effective, and much faster! You will now be able to create virtually unlimited trade lines on your credit report, with on time payments rapidly. These new trade lines account for 35% of your credit score. So, yes, you can significantly enhance your credit score by just using this card. This is a dream come true for many consumers.

The price of the card 29.95, yes, that's it! So, what are you waiting for. If you need credit order the card by visiting: ORDER PRE PAID CREDIT CARD.

If you enjoyed this article please feel free to pass it on, and if you are not already a subscriber to this newsletter, and would like to become one, please visit: FREE Credit Counseling Newsletter, and leave your email address. We never share your information with anyone.

If you need Debt Settlements or Credit Card Consolidation please do feel free to call or visit us.

Written By:
Steven Ciantro
Certified Credit Counselor
American Debt Enders
mailto:help@americandebtenders.com

Best Credit Card Companies To Apply To Based On Credit Score

While it is true I spend all my time helping people get out of credit card debt, it is important for many to have at least one for emergencies. For example, single moms on tight budgets, etc.

Well, I have come across a website that shows you which banks make sense to apply to based on your credit score. That way, by focusing your effort, you will save time, money and your credit score. By You will protect your credit score because you will not appear to be shopping for credit all over town, which can take points from your score. Here is the website, Best Credit Card Companies to Apply To Based On Your Credit Score.

Please, allow me one word of caution. If you currently have debt that needs to be dealt with, do that first. And, if you need to do that, I know no better place than DEBT CONSOLIDATION, DEBT SETTLEMENT, FREE BANKRUPTCY CONSULTATION and much more.

If you thin this information is useful, please feel free to visit, Subscribe to the FREE CREDIT COUNSELING.

For a free consultation call 877-766-2465.

Written BY:
Steven Ciantro
Certified Credit Counselor
American Debt Enders
help@americandebtenders.com

For all the negative propaganda put out by the banks and non-profits,(the non-profits being servants of the banks), the Debt Settlement industry has finally come into its own by virtue of the FTC. New regulations in full effect as of 10/27/10, will finally insure a more level playing field, and allow consumers who require this service, a greater sense of ease and protection.

It is absolutely true that the debt settlement industry was overun with bad actors. Will their still be bad actors, probably so, but also probably fewer of them. Legitimate processing companies, attorneys and settlement companies will simply refuse to deal with them.

American Debt Enders, a DBA of Grace Unlimited,LLC, which is a for profit marketing and counseling company welcomes this new focus. In an arena overun with complaints, we have not a single one in 4 years. In this new regulatory world, just the fact that you can stay in business, says something positive.

Their can be no question that Debt Settlement is not the right solution for everyone. Debt ridden consumers should always be screened first for solutions less extreme to alleviate their burden. The best companies will offer Education first, perhaps coupled with a Debt Management Program, also known as a DMP. If the crises, however, is so severe that this approach will not help, than debt settlement, and even bankruptcy must be considered.

Those of you who are loyal readers of this newsletter, know that we are all about self empowerment of the individual. This can only happen if the debt counselor has been well trained in all areas of debt relief. This is something very hard to find in a non-profit organization, because they simply cannot offer you an alternative solution. Please do not misunderstand, non-profits play a valuable role in the debt relief process. But, if you are in a debt crises, or simply feeling debt oppressed, feel free to call us at: 877-766-2465 for absolutely free and no pressure advice. Or visit us at: American Debt Enders. If you enjoyed this article, please subscribe to our absolutely free CREDIT COUNSELING NEWSLETTER.

Written By:
Steven Ciantro
NFCC Certified Credit Counselor
American Debt Enders
877-766-2465
help@americandebtenders.com

Hello loyal readers. So sorry it has been so long since our last edition. The new Debt Reliefindustry guidelines have been keeping everyone in the industry very busy. Just a word regarding these changes. American Debt Enders embraces the new changes as the bad players in the industry will disappear. Enough said.

If you are a reader of this newsletter, you already know that we are passionate about debt freedom and the self empowerment it provides you, the individual. Without it you are a slave. Struggling day in and day out to keep your creditors happy, is no way to live. In counseling with so many middle class americans of late, the theme of the day seems to be that everyone is just treading water, and every once in a while, actually, dipping under and missing a payment to someone. Treading water is stressful to say the least.

If you are treading water, and if you are reading this, you most likely are, things are about to get worse. On the countries present course, your taxes are going to increase dramatically, in 2011, and beyond. I am not even talking about the Bush Tax Cuts. Even if these are extended, their is an array of other taxes kicking in as a result of the health care legislation, in 2011, that will have you doing more dipping than treading.

Now is the time to take action, and free yourself. If you are paying high interest rates on your credit cards, and barely making minimum payments, you will never be debt free. I repeat, never be debt free. If you are someone in this situation, a light bulb should have just gone off.

You do not have to live in this situation. Call us at: 877-766-2465 to learn about your options. The talking is free. Or, visit us at: American Debt Enders. If you are not already a subscriber to this FREE newsletter, and would like to become one, simply leave your email address at the American Debt Enders website. Your information is never shared.

American Debt Enders is not a direct provider of credit counseling or legal services. Written By:
Steven Ciantro
Certified Credit Counselor
Member National Association of Certified Credit Counselors
American Debt Enders 877-766-2465

Yes, a January surprise is coming. And not the kind of surprise anyone will be happy to hear about. In January of 2011, taxes are going up. No, I am not tacking about anything having anything to do with the Bush Tax cuts being allowed to expire or not. No, this is going to be far more insidious.

The following information comes from "Americans for Tax Reform". It explains, line by line exactly what new taxes are coming, and if you think it's just the rich, better think again.

First Wave: Expiration of 2001 and 2003 Tax Relief In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011. Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below: The 10% bracket rises to an expanded 15% The 25% bracket rises to 28% The 28% bracket rises to 31% The 33% bracket rises to 36% The 35% bracket rises to 39.6%

Higher taxes on marriage and family. The "marriage penalty" (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut. The return of the Death Tax. This year only, there is no death tax. (It’s a quirk!) For those dying on or after January 1, 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes, a business, a retirement account, could easily pass along a death tax bill to their loved ones. Think of the farmers who don’t make much money, but their land, which they purchased years ago with after-tax dollars, is now worth a lot of money. Their children will have to sell the farm, which may be their livelihood, just to pay the estate tax if they don’t have the cash sitting around to pay the tax. Think about your own family’s assets. Maybe your family owns real estate, or a business that doesn’t make much money, but the building and equipment are worth $1 million. Upon their death, you can inherit the $1 million business tax free, but if they own a home, stock, cash worth $500K on top of the $1 million business, then you will owe the government $275,000 cash! That’s 55% of the value of the assets over $1 million!

Higher tax rates on savers and investors. I mean, how dare you have extra money. The capital gains tax will rise from 15 percent this year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.

The "Special Needs Kids Tax" This provision of Obamacare imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there is no federal government limit). There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington , D.C. ( National Child Research Center ) can easily exceed $14,000 per year. Under tax rules, FSA dollars can not be used to pay for this type of special needs education.

The HSA (Health Savings Account) Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAsand other tax-advantaged accounts, which remain at 10 percent.

Third Wave: The Alternative Minimum Tax (AMT) and Employer Tax Hikes When Americans prepare to file their tax returns in January of 2011, they'll be in for a nasty surprise-the AMT won't be held harmless, and many tax relief provisions will have expired. The major items include: The AMT will ensnare over 28 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress' failure to index the AMT will lead to an explosion of AMT taxpaying families-rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.

Small business expensing will be slashed and 50% expensing will disappear.

Taxes will be raised on all types of businesses. There are literally scores of tax hikes on business that will take place. The biggest is the loss of the "research and experimentation tax credit," but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.

Tax Benefits for Education and Teaching Reduced.

Charitable Contributions from IRAs no longer allowed.

Now, your insurance will be INCOME on your W2's! You can look it up for yourself: On page 25 of 29: TITLE IX REVENUE PROVISIONS- SUBTITLE A: REVENUE OFFSET PROVISIONS-(sec. 9001, as modified by sec. 10901) Sec.9002 "requires employers to include in the W-2 form of each employee the aggregate cost of applicable employer sponsored group health coverage that is excludable from the employees gross income."

OK, so really, how can you survive this madness? You need to be DEBT FREE. Especially, Unsecured Credit Card Debt.

If you would like an absolutely FREE, no pressure Credit Counseling Consultation then by all means call us at: 877-766-2465. This is not apolitical issue for me. However, if you are one of the millions of people in debt with unsecured debt, you will definately have more problems to deal with in 2011, unless you resolve your debt issues.

If you would like to subscrice to this FREE Newsletter, visit: FREE Credit Counseling Newsletter, and simoly leave your email address. We do not ever share your information. Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
help@americandebtenders.com
877-766-2465

The following article recently appeared in the NY Times entitled Automated Debt Lawsuits Engulf Courts. It is an excellent article, and points out why it is currently fairly easy to win a case against a "debt collector in court. As the article points out, debt collectors are utilizing automated computer programs to file 10's of thousands of Creditor Lawsuits per year. The problem for them is that their is no verification of the debt mentioned in the suits. They are simply banking on you not showing up in court so they can obtain a default judgment.

For you, the debtor, this is a great advantage in helping you defend yourself. First, you must file an answer to the lawsuit. By requesting the proper debt validation information from the collection attorneys, you stand an excellent chance of having the case thrown out. How so? you ask. When the original collector sells the debts to the collection companies, they do not transmit any proof, showing that you actually used a credit card. Just your name, social, address, amount of debt and whether or not the account is still accruing interest. And that's what goes into the complaint against you. This is still America, where is the proof?

If you craft an answer requesting this documentation, you stand an excellent chance of winning your defense, if you have not admitted to the debt. The collection attorneys, will most likely, not be able to produce it. The Fair Debt Collection Practices Act says you are legally entitled to it.

Because the courts are becoming so clogged with these cases, the FTC has weighed in with an opinion, stating that they would like to see states make it mandatory for the collection attorneys to have to provide this information upfront, in the suit, before filing. Whether or not this actually ever happens, is anyone’s guess. But, for now, you the debtor has a tremendous advantage, if you are willing to do some homework.

If you would like to see what self help ebooks are available on these topics, please visit: Debt Relief Self Help Ebooks. or, if you would like a FREE Consultation with a debt counselor to learn about all your options, visit:FREE CREDIT COUNSELING.

If you would like to subscribe to this newsletter, visit: The Free Credit Counseling Newsletter, and simply leave your email address. We do not ever share your information.

Written By:
Steven Ciantro
American Debt Enders
Member National Association of Certified Credit Counselors
hel@americandebtenders.com
877-766-2465

This past week this article appeared from the Associated Press: FALLING HOME PRICES STIR FEARS OF NEW BOTTOM. WOW! I bet if you were asked about home prices you would have said they are starting to go up. Because, when you turn on the TV and listen to the talking heads, that's what they lead you to believe. The absolute factual truth, which is the only thing I deal in, is that despite all the perks, by way of healthy tax credits and other incentives, not to mention low interest rates, home prices have fallen nationally, for the past 6 months.

I recently saw Dave Ramsey, the famous guru of Fox, nothing against Dave, or Fox, smiling ear to ear as he told his listeners how happy he was with another drop in mortgage interest rates, and that things long term were looking great! Really? Because by my calculations, they are looking anything but great. Consider, that all the incentives by way of tax credits, are now basically over. Yes, finished. While these incentives spurred sales, they did not help prices. What does just common sense tell you will be the net result of no more goodies?

That’s right. A continuing drop in home valuations. Here is the bottom line. We live in perilous times. I am not giving you doom and gloom, just stating the obvious. The smartest thing you can do, if you have not already, is make sure you are living debt free.

If you need debt relief help, please feel free to visit: American Debt Enders,and get FREE credit counseling advice.

If you are not a subscriber to this FREE CREDIT COUNSELING NEWSLETTER, simply leave your email address, we never share your information.

Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
Help@americandebtenders.com
877-766-2465

Debt Settlement Finally Gains Respectability

For all the negative propaganda put out by the banks and non-profits,(the non-profits being servants of the banks), the Debt Settlement industry has finally come into its own by virtue of the FTC. New regulations in full effect as of 10/27/10, will finally insure a more level playing field, and allow consumers who require this service, a greater sense of ease and protection.

It is absolutely true that the debt settlement industry was overun with bad actors. Will their still be bad actors, probably so, but also probably fewer of them. Legitimate processing companies, attorneys and settlement companies will simply refuse to deal with them.

American Debt Enders, a DBA of Grace Unlimited,LLC, which is a for profit marketing and counseling company welcomes this new focus. In an arena overun with complaints, we have not a single one in 4 years. In this new regulatory world, just the fact that you can stay in business, says something positive.

Their can be no question that Debt Settlement is not the right solution for everyone. Debt ridden consumers should always be screened first for solutions less extreme to alleviate their burden. The best companies will offer Education first, perhaps coupled with a Debt Management Program, also known as a DMP. If the crises, however, is so severe that this approach will not help, than debt settlement, and even bankruptcy must be considered.

Those of you who are loyal readers of this newsletter, know that we are all about self empowerment of the individual. This can only happen if the debt counselor has been well trained in all areas of debt relief. This is something very hard to find in a non-profit organization, because they simply cannot offer you an alternative solution. Please do not misunderstand, non-profits play a valuable role in the debt relief process. But, if you are in a debt crises, or simply feeling debt oppressed, feel free to call us at: 877-766-2465 for absolutely free and no pressure advice. Or visit us at: American Debt Enders. If you enjoyed this article, please subscribe to our absolutely free CREDIT COUNSELING NEWSLETTER.

Written By:
Steven Ciantro
NFCC Certified Credit Counselor
American Debt Enders
877-766-2465
help@americandebtenders.com

Debt Relief, Take Action Now, Surprises Are Coming

Hello loyal readers. So sorry it has been so long since our last edition. The new Debt Reliefindustry guidelines have been keeping everyone in the industry very busy. Just a word regarding these changes. American Debt Enders embraces the new changes as the bad players in the industry will disappear. Enough said.

If you are a reader of this newsletter, you already know that we are passionate about debt freedom and the self empowerment it provides you, the individual. Without it you are a slave. Struggling day in and day out to keep your creditors happy, is no way to live. In counseling with so many middle class americans of late, the theme of the day seems to be that everyone is just treading water, and every once in a while, actually, dipping under and missing a payment to someone. Treading water is stressful to say the least.

If you are treading water, and if you are reading this, you most likely are, things are about to get worse. On the countries present course, your taxes are going to increase dramatically, in 2011, and beyond. I am not even talking about the Bush Tax Cuts. Even if these are extended, their is an array of other taxes kicking in as a result of the health care legislation, in 2011, that will have you doing more dipping than treading.

Now is the time to take action, and free yourself. If you are paying high interest rates on your credit cards, and barely making minimum payments, you will never be debt free. I repeat, never be debt free. If you are someone in this situation, a light bulb should have just gone off.

You do not have to live in this situation. Call us at: 877-766-2465 to learn about your options. The talking is free. Or, visit us at: American Debt Enders. If you are not already a subscriber to this FREE newsletter, and would like to become one, simply leave your email address at the American Debt Enders website. Your information is never shared.

American Debt Enders is not a direct provider of credit counseling or legal services. Written By:
Steven Ciantro
Certified Credit Counselor
Member National Association of Certified Credit Counselors
American Debt Enders 877-766-2465

Get Out Of Debt Before This New January Surprise Kicks In

Yes, a January surprise is coming. And not the kind of surprise anyone will be happy to hear about. In January of 2011, taxes are going up. No, I am not tacking about anything having anything to do with the Bush Tax cuts being allowed to expire or not. No, this is going to be far more insidious.

The following information comes from "Americans for Tax Reform". It explains, line by line exactly what new taxes are coming, and if you think it's just the rich, better think again.

First Wave: Expiration of 2001 and 2003 Tax Relief In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011. Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below: The 10% bracket rises to an expanded 15% The 25% bracket rises to 28% The 28% bracket rises to 31% The 33% bracket rises to 36% The 35% bracket rises to 39.6%

Higher taxes on marriage and family. The "marriage penalty" (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut. The return of the Death Tax. This year only, there is no death tax. (It’s a quirk!) For those dying on or after January 1, 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes, a business, a retirement account, could easily pass along a death tax bill to their loved ones. Think of the farmers who don’t make much money, but their land, which they purchased years ago with after-tax dollars, is now worth a lot of money. Their children will have to sell the farm, which may be their livelihood, just to pay the estate tax if they don’t have the cash sitting around to pay the tax. Think about your own family’s assets. Maybe your family owns real estate, or a business that doesn’t make much money, but the building and equipment are worth $1 million. Upon their death, you can inherit the $1 million business tax free, but if they own a home, stock, cash worth $500K on top of the $1 million business, then you will owe the government $275,000 cash! That’s 55% of the value of the assets over $1 million!

Higher tax rates on savers and investors. I mean, how dare you have extra money. The capital gains tax will rise from 15 percent this year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.

The "Special Needs Kids Tax" This provision of Obamacare imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there is no federal government limit). There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington , D.C. ( National Child Research Center ) can easily exceed $14,000 per year. Under tax rules, FSA dollars can not be used to pay for this type of special needs education.

The HSA (Health Savings Account) Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAsand other tax-advantaged accounts, which remain at 10 percent.

Third Wave: The Alternative Minimum Tax (AMT) and Employer Tax Hikes When Americans prepare to file their tax returns in January of 2011, they'll be in for a nasty surprise-the AMT won't be held harmless, and many tax relief provisions will have expired. The major items include: The AMT will ensnare over 28 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress' failure to index the AMT will lead to an explosion of AMT taxpaying families-rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.

Small business expensing will be slashed and 50% expensing will disappear.

Taxes will be raised on all types of businesses. There are literally scores of tax hikes on business that will take place. The biggest is the loss of the "research and experimentation tax credit," but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.

Tax Benefits for Education and Teaching Reduced.

Charitable Contributions from IRAs no longer allowed.

Now, your insurance will be INCOME on your W2's! You can look it up for yourself: On page 25 of 29: TITLE IX REVENUE PROVISIONS- SUBTITLE A: REVENUE OFFSET PROVISIONS-(sec. 9001, as modified by sec. 10901) Sec.9002 "requires employers to include in the W-2 form of each employee the aggregate cost of applicable employer sponsored group health coverage that is excludable from the employees gross income."

OK, so really, how can you survive this madness? You need to be DEBT FREE. Especially, Unsecured Credit Card Debt.

If you would like an absolutely FREE, no pressure Credit Counseling Consultation then by all means call us at: 877-766-2465. This is not apolitical issue for me. However, if you are one of the millions of people in debt with unsecured debt, you will definately have more problems to deal with in 2011, unless you resolve your debt issues.

If you would like to subscrice to this FREE Newsletter, visit: FREE Credit Counseling Newsletter, and simoly leave your email address. We do not ever share your information. Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
help@americandebtenders.com
877-766-2465

Automated Debt Lawsuits--How To Defend Yourself From Creditor Lawsuits

The following article recently appeared in the NY Times entitled Automated Debt Lawsuits Engulf Courts. It is an excellent article, and points out why it is currently fairly easy to win a case against a "debt collector in court. As the article points out, debt collectors are utilizing automated computer programs to file 10's of thousands of Creditor Lawsuits per year. The problem for them is that their is no verification of the debt mentioned in the suits. They are simply banking on you not showing up in court so they can obtain a default judgment.

For you, the debtor, this is a great advantage in helping you defend yourself. First, you must file an answer to the lawsuit. By requesting the proper debt validation information from the collection attorneys, you stand an excellent chance of having the case thrown out. How so? you ask. When the original collector sells the debts to the collection companies, they do not transmit any proof, showing that you actually used a credit card. Just your name, social, address, amount of debt and whether or not the account is still accruing interest. And that's what goes into the complaint against you. This is still America, where is the proof?

If you craft an answer requesting this documentation, you stand an excellent chance of winning your defense, if you have not admitted to the debt. The collection attorneys, will most likely, not be able to produce it. The Fair Debt Collection Practices Act says you are legally entitled to it.

Because the courts are becoming so clogged with these cases, the FTC has weighed in with an opinion, stating that they would like to see states make it mandatory for the collection attorneys to have to provide this information upfront, in the suit, before filing. Whether or not this actually ever happens, is anyone’s guess. But, for now, you the debtor has a tremendous advantage, if you are willing to do some homework.

If you would like to see what self help ebooks are available on these topics, please visit: Debt Relief Self Help Ebooks. or, if you would like a FREE Consultation with a debt counselor to learn about all your options, visit:FREE CREDIT COUNSELING.

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Written By:
Steven Ciantro
American Debt Enders
Member National Association of Certified Credit Counselors
hel@americandebtenders.com
877-766-2465

Advice: Dump Debt Now, Because Home Prices Continue To Fall

This past week this article appeared from the Associated Press: FALLING HOME PRICES STIR FEARS OF NEW BOTTOM. WOW! I bet if you were asked about home prices you would have said they are starting to go up. Because, when you turn on the TV and listen to the talking heads, that's what they lead you to believe. The absolute factual truth, which is the only thing I deal in, is that despite all the perks, by way of healthy tax credits and other incentives, not to mention low interest rates, home prices have fallen nationally, for the past 6 months.

I recently saw Dave Ramsey, the famous guru of Fox, nothing against Dave, or Fox, smiling ear to ear as he told his listeners how happy he was with another drop in mortgage interest rates, and that things long term were looking great! Really? Because by my calculations, they are looking anything but great. Consider, that all the incentives by way of tax credits, are now basically over. Yes, finished. While these incentives spurred sales, they did not help prices. What does just common sense tell you will be the net result of no more goodies?

That’s right. A continuing drop in home valuations. Here is the bottom line. We live in perilous times. I am not giving you doom and gloom, just stating the obvious. The smartest thing you can do, if you have not already, is make sure you are living debt free.

If you need debt relief help, please feel free to visit: American Debt Enders,and get FREE credit counseling advice.

If you are not a subscriber to this FREE CREDIT COUNSELING NEWSLETTER, simply leave your email address, we never share your information.

Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
Help@americandebtenders.com
877-766-2465