What Is a 1099-C Form and How Does It Affect Your Credit?
Credit Corp
APRIL 26, 2024
A 1099-c cancellation of debt form is issued when a lender forgives or cancels a debt. Cancellation of debt happens when a creditor discharges or forgives a debt you haven’t paid off. The IRS notes that cancellation can occur when the creditor gives up on collecting because it’s exhausted its resources and is unable to collect.
59 
Let's personalize your content