There is an aphorism that states “it’s not getting the right answer but asking the right question” that is crucial. Readers of this site are surely aware of blurbs like ‘real money’, ‘honest money’, ‘Fiat’ money, printed money, borrowed money… ad infinitum. Indeed, Aristotle named the desirable qualities of money; Money must be durable Money must be portable Money must be divisible Money must have intrinsic value What question were
Most people only pursue a loan when they are in dire need of obtaining funds. These funds can be used for emergencies, a new car, and even repairs to the home. Whatever the reason a person needs a loan, it can be disappointing when they get turned down. Thanks to The Equal Credit Opportunity Act, lenders are required to disclose their reasons for denying a loan application. Below are three
According to the “Credit Repair Organization Act”, it is unlawful for credit repair providers to lie about what they will be able to do for you, and to try to make you pay before they have even performed any services. These are red flags to watch out for when comparing offers from credit repair services. There is the “DIY” approach, but it can take a long time and be complicated
Nowadays, an increasing number of US residents have been struggling to pay their monthly installments on car loans. While the numbers are low, they are increasing at a fast pace. However, the loan applicants have been experiencing a lot of problems as far as making monthly payments is concerned. This is happening more since the Great Recession. As a car buyer, you may want to make sure that you can
My wife and I were “home buyers” for at least 7 years on our current residence. Notice that I said home “buyers,” and not home “owners.” There is a common misconception that when you take out a mortgage, you are immediately a home “owner” Assuming that you have a 30 year mortgage, the reality is that you are simply in the process of buying the home over a 30 year
Every type of business requires some sort of loan or line of credit for a wide range of reasons: start up capital, equipment, inventory, office rental, etc. Since every business and every owner is different and has unique circumstances, the easiest business loan to get for another owner might not be the easiest for you. For start-ups or businesses that have either no credit history or a poor credit history,
Bankruptcy protection is often utilized to stop foreclosure and provide the debtor an opportunity to restructure mortgage arrears on affordable repayment terms. When debtors fall behind on their mortgage, the bank usually insists upon upfront repayment of ALL past due mortgage arrears, or repayment over a very brief window of time – two to three months. This financial predicament is usually impossible for the debtor who wants to save its
Ireland’s lower tax rate effectively allows MNEs to develop egregious tax-sheltering methods to shift more of their total EU profits to Ireland. Digital Revolution of the Economy Digitization of the economy continues to create challenges for global taxation. EU’s thrust on digital tax is on encouraging corporations to build trust and commitment for social cohesion and environmental protection. EU proposed to adopt the Digital Services Tax to protect the taxes
Whether you’re a seasoned small business owner or a first-time entrepreneur, a financial plan is essential for ensuring the long-term success of your company. A financial plan helps small business owners keep track of their cash flow and earnings and can help them prioritize expenses. It’s also important to consider tax planning, which can help you prepare for unexpected fines and charges that could impact your bottom line. Know Your
Home insurance costs can make a big difference to your budget. It’s essential to know what factors impact your premium and what you can do to keep it affordable. Risk is one of the most important factors in determining your premium. Your location is also a consideration. Choosing the Right Coverage Choosing the right coverage is an important part of your home insurance process. It will ensure you are properly
