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Predatory Loans and How to Avoid Them

If you go through the litany of lenders online, you’d realize just how relentless some of them are. They could go as far as constantly sending you emails and making phone calls to you to take out loans. One thing that is pertinent to note when looking to take out a loan whether short term or long term is that you should always go to them and not the other way around. When people need to take out loans, they approach the lenders. They are not berated by lenders and asked to take out loans they do not need.

Is Renting a Home a Waste of Money?

For some people, renting a home is much better than buying a home and for others, it’s the other way around. There are different reasons people have for wanting to buy a home; most of which are valid — same goes for renting a home. Most people believe that renting a home rather than buying is a waste of time and this notion leads people into debt because of the quest of wanting to own a home. In this article, we will take a look at home renting and home buying as well as their pros and cons. This way, you’ll be able to decide whether home renting a waste of money or not.

The IRS Hires Debt Collectors to Find Low-Income Families

The collection of private tax by the Internal Revenue Service through private tax collectors is as scary as you think – especially if you are poor. Now, imagine four big private debt collection firms trying to get some as well, crazy, right? Analysts observed a trend in 2017 that over 5,000 poor people made unnecessary tax payments. As usual, the choice to present the new program comes from the lawmakers in government, giving power to select contractors to gather unpaid individual tax debts through their employers. Even with different exchanges from the tax agency to taxpayers, unpaid tax bill persists. In this article, we will discuss the new IRS policy.

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
  • Written By

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.

How to Avoid Vehicle Repossession

Look, things happen in life that are out of our control.  Everything is going to plan, and then tragedy strikes whether it be a medical disaster, natural disaster, or just a disaster disaster.  A vehicle payment does not always top the list of financial priorities, but lenders rarely care about the “why” when it comes to late or missed payments.  So, what do you do when you need your car, but you are facing repossession?