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How to keep online payments safe

With the rise of many fintech companies dominating the payment industry, there are a lot more payment choices available; more than when banks dominated the industry globally. According to a 2019 global payments report by McKinsey, the global payment industry has grown by 6% from 2007 to 2018, and it is predicted to make a total revenue of over $2.5 trillion. The internet is already a scary place to be as there are many risks involved especially with cybercrimes but with the growth of the global payment industry, the cybercrimes risks have increased.

Sears bankruptcy taking down small businesses

According to reports, small businesses have been caught in the crosshairs of Sears Holdings bankruptcy. Sears filed for bankruptcy on October 15th, 2018, after several failed attempts to save the business. Things haven’t been going well on the business front for this company as small business owners are bearing the brunt of this as the Sears Holdings estate it trying to take payments back from these small businesses. This process according to reports, is an attempt to gather funds to close its bankruptcy case. In this article, we will take a look at how the Sears Holding bankruptcy is impacting small businesses.

What Are All the Types of Insurance That You Need?

Everyone is probably on one insurance plan or the other because apart from the fact that insurance is a thing and may be compulsory in some aspects of day to day life, being insured actually takes off a large chunk of risk from you. Going through life without some level of insurance can be likened to life without a contingency plan should something happen. Now you may think you probably have everything under control, maybe you own your business and you are pretty healthy but things like auto accidents or natural disasters are not things people foresee and this is where insurance conveniently comes in. Now there are a ton of insurance plans and sometimes it’s difficult to see which one is necessary and which is just a scam but let’s go through some of these plans that we feel you absolutely need.

Coronavirus and the Economy

  • Posted On February 11, 2020
  • Categorized In News
  • Written By

Following the outbreak of the Coronavirus in Wuhan, China and the fact that about 40,000 cases have been reported so far both in and outside China, there is speculation as to the effect of this deadly virus on the economy of China and Asia as a whole. This isn’t far fetched considering that the SARS outbreak in 2002 caused a drop in GDP of up to 1%. There is no telling just how much such a disease could affect the economy in the following year. After the outbreak, a lot of airlines were shut down and some restricted flights inside China. A number of countries have chartered airlines to bring back their citizens and quarantine them until they show no signs of the virus. The US has also stated that if the situation worsens, they might place a ban.

Consolidating Small Business Debt

If you have collected several business loans, it might do you some good to consider business debt consolidation. When you consolidate your business debt, you have the opportunity to streamline your debt repayment into one monthly payment at a potentially lower interest rate. Business debt consolidation is very beneficial as it makes debt repayment manageable and affordable. They are very beneficial, especially in situations where your business is at risk of bankruptcy. Do not fret if you have bad credit as you can get a business debt consolidation even with a bad credit score. Financial professionals even state that it is a good move. In this article, we will discuss small business debt consolidation in its entirety.

Handling pets during divorce

  • Posted On February 4, 2020
  • Categorized In News
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Just like any type of relationship, marriages can end – sometimes amicably, other times, not so much. According to research, over 40% of marriages in America end in divorce. When the relationship ends in a bad way, it can take a toll both financially and emotionally on all parties involved. During the split, houses get sold, property gets divided, custody gets decided if there are kids involved.  What will happen if the family has a pet? There is a high likelihood of a pet being involved because over 60% of American households have at least one pet. The states in America except for Alaska and Illinois, however, view pets as property that can be sold. So the question remains, what happens to these pets when the couple splits up?  Most times, the decision is not an easy one because both parties have formed an emotional attachment to the animal, and no one wants to relinquish ownership.  Pet custody disputes are coming into courtrooms more often these days – goes to show just how difficult it is to handle pets during divorce. In this article, we will take a look at how pets are handled during divorce.

Should Married People File Joint or Separate Tax Returns This Tax Season?

A lot can happen in a year.  People get married, divorced, and have kids all the time.  There are tax implications for these life events.  Taxes must be addressed every year and this year is no different.  It is essential to ask yourself certain questions before writing a check to Uncle Sam.  If this is your first tax filing since getting married, you have to consider if you should file joint or separate tax returns.  Here are a few considerations.

The Benefits of Getting an Early Start on Your Taxes

According to a recent survey by TaxSlayer, approximately 52% of Americans are stressed about filing their taxes. Many of our thoughts may be, “What if I owe?” “How am I going to pay by the deadline?” These stressors are just a few of the many that plague taxpayers every year. Last year, 34 million Americans waited until the week before April 15th to file their taxes.

The Tax Advantages of Purchasing a Home

There are so many things to consider when thinking about purchasing a home.  You have to think about what you can afford, you have to get approved for a loan (not pre-approved), you have to find the home, and then you have to pay.  Many individuals, especially first-time homebuyers, do not consider the tax implications of purchasing a home and believe it; there are tax implications.

This Is How a FICO Credit Score Is Calculated

Just about everyone has had to rely on their credit score for one reason or another. Whether it be a house, car, personal loan, etc., we have all been confronted with the reality that we are at the mercy of our loan worthiness. What you may not know is that scores differ. Companies like Equifax, Transunion, and Experian us the Vanguard scoring system. However, another credit score is the FICO score.