| February 11, 2011

Celebrity tax evaders struggle with credit card debt

In recent months, a number of celebrities have faced financial problems, such as overwhelming debt, as evidenced by their recent tax troubles.

While some celebs like Richard Hatch are under investigation for disputed tax claims, others have struggled with money management due to prolonged underemployment.

For example, rapper Young Buck and actress Teri Polo recently had tax liens put against their estates due to missed income tax payments. Both cited their own personal struggles in their respective fields with finding work to pay the bills. This shortage of funds may result from overspending during their prime earning years, and as a result, they are now facing harsh consequences.

Val Kilmer, Nas and Wesley Snipes have all also been struggling with the IRS, SmartMoney reports. Some celebrities such as Dr. Arnie Klein, a famous Beverly Hills doctor who treated celebrity clients such Michael Jackson, have even filed bankruptcy due to their debt.

As a result, consumers who face troubles relating to high credit card bills should seek the advice of a credit counselor, as these professionals can work with them to develop financial plans that can help alleviate their debt.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

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Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

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