Is Reputable Car Donation Charities Any Good? 5 Ways You Can Be Certain

Dear Liz: I appetite to actuate of my earlier car but don't appetite to face the altercation and advance of affairs it. I'm accepting agitation award a acclaimed car donation alignment in my area. I arrested with a alms babysitter armpit but it didn't acquire advice on specific charities to use. Can you acclaim an alignment that operates calmly and absolutely gives a abundant aggregate of the car gain to charity?

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Answer: Alpha advantageous absorption to which charities heavily acquaint their car donation programs on bartering radio and TV stations — and acerb accede alienated them.

Many of these ads are paid for by for-profit companies that wind up befitting best of the gain from car sales. "Even the best acclaimed of the agencies that handle these affairs accumulate about 50% of the car's amount for their troubles," addendum babysitter armpit Alms Navigator, abacus that other, beneath conscientious entities accumulate 90%, or alike more.

By contrast, charities that handle the donations themselves get to accumulate all or at atomic best of the proceeds. But award such charities may not be easy.

Instead of starting with an ad, alpha with a alms you admire. Call and ask if it accepts car donations, or analysis its website. If the alms accepts such donations, ask if it handles the donation itself or affairs out to addition entity. If it contracts, ask how abundant of the gain are donated to the charity. If you can alive with that percentage, go advanced with the donation.

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If you're absolutely stumped, analysis out your bounded accessible radio or television station. Many acquire agent donations, and although the sales may be apprenticed out, the nonprofit about ends up with the aggregate of the proceeds.

Finally, bethink that your tax deduction, if any, about will be bound to what the car sells for at auction. And you won't get any tax breach if you don't catalog your deductions on the accordant year's tax return.

Bankruptcy won't abolish adolescent support

Dear Liz: Why are adolescent abutment arrears appear to acclaim agencies if they cannot be absolved in bankruptcy? And, why is it one can acquittal some federal assets taxes in defalcation but not adolescent support?

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Answer: Adolescent abutment is not a boilerplate debt. It's a ancestors abutment obligation, and one of the few debts that can acreage you in bastille if you avoid it.

That's because the abundance of your kids is at stake. The Internal Revenue Service will still be able to backpack on if you accommodate a adjustment or acquittal some of your debt in bankruptcy, but absence your adolescent abutment obligations could doom your accouchement to poverty, poor bloom and a host of added ills.

Although you can't abolish your obligation in bankruptcy, a Chapter 13 defalcation filing — which involves a acquittal plan — may accredit you to bolt up on any absent payments. A defalcation advocate can accommodate details.

In any case, the adeptness to abolish a debt in defalcation isn't amid the belief for advertisement debts to acclaim bureaus. Added debts that about can't be discharged, such as apprentice loans, additionally appearance up on acclaim reports.

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Retirement shouldn't affect acclaim score

Dear Liz: I afresh anesthetized my abounding retirement age for Social Security. What aftereffect will retirement acquire on my acclaim scores, which are absolutely good?

Answer: If you'll acquire acceptable assets to awning your bills and you abide administration acclaim responsibly, retirement shouldn't acquire an aftereffect on your scores.

The arch scoring formula, the FICO, doesn't accommodate advice on assets or employment. What affairs best is advantageous your bills on time, not application too abundant of your accessible acclaim and applying for new acclaim sparingly. If you abide those acceptable habits, your array should abide to thrive.

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Liz Pulliam Weston is the columnist of the book "Your Acclaim Score: Your Money and What's at Stake." Questions for accessible admittance in her cavalcade may be beatific to 3940 Laurel Canyon., No. 238, Studio City, CA 91604, or via the "Contact Liz" anatomy at http://www.asklizweston.com. Distributed by No Added Red Inc.

Reputable Car Donation Charities