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.
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.
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.
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.
As we get older, we hear about the importance of having a last will and testament. We hear that it is a mistake to allow the court or government to decide what happens to our assets. In the vast majority of situations, it actually is a mistake to leave your assets to chance. This is especially true if you have assets to disperse to various heirs and family members, but that is not always the case.
When you think about retirement, you may feel overwhelmed. A financial advisor will throw out foreign terms like 401k, 403 (b), or 457(b). Another type of retirement account is a Roth IRA. Just like the other accounts we mentioned, the Roth IRA has advantages, restrictions, and tax implications. Let’s take a top to bottom look at what Roth IRA has to offer.
Unfortunately, death is a part of life. Sometimes, a parent or relative is able to leave something behind for their loved ones. It is not always as simple as just leaving assets in many cases. This is because most people have some form of debt. If loved one dies and does not have a will in place, things can be complicated. This is often the case even when there is a will in place. Keep reading to find out why.
This is a hotly contested topic. Financial influencers worldwide have varying opinions on the necessity of even having credit at all. Credit cards can be a life saver or your worst nightmare, but a credit card is just a tool. What makes the difference is the person using the card. If you have bad habits and spend more than you can afford, you will run into trouble eventually. Ultimately, the question is: do you really need a credit card?
Unfortunately, according to a recent study, about 70% of Americans cannot afford a $500 unplanned expense. There are plenty reasons why people do not have money in their savings accounts such as low income, medical bills, financial mismanagement, etc. However, if at all possible, you should try to build an emergency fund so you can handle the inevitable unexpected expense.
Usually, when people hear the word recession, it sends all types of feelings and chills down their spine. The economic definition of recession that contains all about how there has been a drop in the overall economic activity of a nation visible in the gross domestic product isn’t really interesting to a lot of people. What people typically understand as recession is a drop in the value of money and of course the amount of time it takes for individuals to make it back to the point where they can comfortably pay their bills. Probably due to the amount of companies that lay people off or the significant drop in their income.