In terms of money, your credit score is one of the most important numbers. It changes everything, from the interest rates on loans and insurance to whether you can get an apartment. So if your score is lower than you’d like, the first thing you should do is raise it. The good news is, there … Read more
Any business that offers sales on credit runs the risk of being unable to collect on some of its debts. These uncollectable debts are known as bad debt expenses. Whenever this happens, you need to know how to properly record a bad debt expense in your books. In this article, we’ll define a bad debt … Read more
Debt collection can feel like a never-ending battle. No matter how many times you ask debt collectors to stop calling, they keep pursuing you for payments on old debts. You may wonder – will they ever just give up and leave me alone? The truth is debt collectors are persistent. Their job is to collect … Read more
Council tax is a significant expense for many households across the UK. As a pensioner receiving pension credit or someone nearing retirement, understanding whether you need to pay council tax and the potential discounts available can significantly ease your financial burden. This article explains council tax obligations for pensioners getting pension credit, eligibility for discounts, … Read more
The specific terms of 7(a) loans are negotiated between the borrower and the participating lender, subject to the requirements of the SBA. In general, the following provisions apply to all SBA 7(a) loans. While the vast majority of businesses are eligible for financial assistance from SBA, some are not. If you’re looking to get financing … Read more
Refinancing your mortgage can be a great way to save money on interest and pay off your home faster. But is it always worth it especially if you refinance to a shorter 10 year term? There are pros and cons to weigh when considering refinancing to a 10 year mortgage. What is Refinancing? First, let’s … Read more
Checking someone’s credit report can be useful in certain situations, but it also raises privacy concerns. Here’s a guide on the legal ways to access a credit report for someone else and what to watch out for. When Is It Legal To Check Someone Else’s Credit Report? Only in the following situations is it legal … Read more
If you recently bought a house and now realize that you need to sell it, don’t panic. While there are financial implications of selling a house soon after buying it, certain circumstances and life changes may make selling quickly a necessity and leave you wondering, “How soon can I sell my home after purchase?”. In … Read more
If you want to get a new mortgage to replace your old one, you should know how much it will cost. Some of the things that affect how much it costs to refinance your mortgage are the size of your loan and the lender. However, in general, you won’t have to pay more than 6% … Read more
Your credit reports contain a lot of information, but some items are more important than others. Part of the Series Debt Management Guide. What do lenders consider when they look at your credit report? Its a simple question with a complicated answer, because there are no universal standards by which every lender judges potential borrowers. … Read more