I had a credit card with USAA. I didn’t pay it and they cancelled the debt. It was for 5800 dollars. I was sent a form 1099-c and it drastically reduced my tax return.
Will a cancellation of debt have any sort of positive effect on my credit?
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.USAA Sent Me a 1099-C. Will This Help My Credit? - Andy by Steve Rhode