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These bankruptcy alternative articles will discuss many ways to reduce your debt other than filing for bankruptcy. Before filing for Chapter 7 or Chapter 13 bankruptcy make sure you know your options.

Insolvency and How it Relates to my Settled Debt

How do you know if you qualify for insolvency? According to the IRS, a taxpayer is insolvent when your total liabilities exceed your total assets. What does this mean for someone who has already settled their debts? The forgiven debt may be excluded as income under the “insolvency” exclusion. Normally, a taxpayer is not required to include forgiven debts in income to the extent that the taxpayer is […]

May 22nd, 2018|Tags: , |

Tips for Running Your Business on Credit Cards

Whether you are a small business or a large corporation, credit cards are a useful tool when managing your business expenses. Credit cards make it easy to spend money, but their high interest rates can also quickly hurt your business’s finances. This week, PCS Debt Relief offers you tips for running your business on credit cards and what you can do to stay in control of spending.

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Buying a Home When You’re in Debt

Spring is already here! Are you lining up your finances for a home purchase this year? If you are not sure whether to put more money toward paying off other debts or your upcoming down payment, we have some tips for you. First, ask yourself these questions:

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March 27th, 2018|Tags: , |

What is DTI, and why is it important?

If you are seeking a mortgage loan or major financing, you may have heard the term DTI used. This is your Debt-to-Income ratio and it can affect your eligibility for loans. The ratio is determined by dividing your total monthly debt payments by your total monthly income after taxes and deductions. Lenders prefer your DTI to be around 43-47% max. This tells lenders you are not that great of a risk for defaulting on the […]

February 27th, 2018|

How Your Small Business Can Successfully Avoid Debt

As a small business owner trying to grow your business, the last thing you want is to see your company suffer financially. There are various methods to help you keep debt away from your business and profit in your pocket. Here are some of PCS’s tips for small business owners trying to avoid debt:

 

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February 6th, 2018|Tags: , |

How Your Tax Refund Can Jumpstart Your Financial Recovery

Each year, as taxpayers, we receive a portion of what we are owed from federal and state tax refunds. This refund can help those in financial hardships recover quickly, as most refunds are deposited 21 days after you file your claim to the IRS. This refund can also serve as a bonus to repay yourself if you are ready to take a vacation or want to make a special purchase for yourself.

Your refund can be […]

January 30th, 2018|Tags: , |
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A Debt Relief Company You Can Trust!

With over 30 years of combined experience, a Better Business Bureau A+ rating, and a zero complaint history, you can feel confident that PCS Debt Relief will be a debt relief company you can trust. We are headquartered in St. Louis, MIssouri and offer our debt relief services nationwide.