Negotiating with collectors will definitely assist you in getting rid of your unsecured debts. This will simply eliminate at the 50% of your debt that you have and in case you bargained with the creditor for right deal, you will get up to 70% relief. But one very important thing is to be kept in mind. Should the forgiven debt is a bit more than $600, it could be counted as your taxable income. This is due to the fact that the amount of money that you save is actually utilising were supposed pay ...