Loans and Credit

Would you like to know what a bad write-off is? In my opinion, debt that cannot be recovered or collected from a debtor is bad debt. This is known as writing off bad debt.  However, dealing with outstanding debts is unwelcome in the corporate world. Understanding the notion of bad debt deduction, charged off as […]

Would you want to know What happens after six years of not paying debt? To elaborate, let’s consider the following potential situation: You obtain a credit card and cease making payments after losing contact with your credit card provider after some time.  They subsequently notify you via letter that you must resume payments and settle

Do you know What happens after seven years of not paying debt? In my experience, no magical process is involved in eliminating delinquent credit card debt and other forms of debt from one’s credit report.  Occasionally, patience is what is required (seven years). However, removing it from your credit report means it has been partially

Would you want to know the different hedging strategies? Based on what I found, there are different types of hedging methods that you can use based on the market and instrument you want to trade.  These are some of the most common ways that sellers do things: How to use futures, options, and forward contracts

Do you want to know what motorcycle loan interest rates are? Based on my experience, I can tell you all about motorcycle loan interest rates for free.  If you’ve been dreaming of wearing a leather jacket, getting a bike, and hitting the open road for years, you probably already know that achieving your goal will

Would you want to know which savings accounts compound daily? Based on my experience, as I have always been using,  Certificates of deposit (CDs) and money market accounts also typically pay compound interest, and some compound daily, giving you an even higher yield. While most CD rates are locked in for the CD’s term, money

Would you want to know savings vs checkings? Based on what I’ve learned, for the most part, you know what checking and savings accounts are and how they work.  Checking accounts lets you get to your money quickly and regularly; some even pay you interest.  There are limits on how much you can take out

Would you want to know about savings or debt first? Saving vs. paying off debt—it’s a balancing act that many of us confront, in my experience.  But how can you strike that balance in your own life? The answer is dependent, in part, on whether you have enough money set aside for emergency savings and

Do you want to know about savings or brokerage accounts? A brokerage account functions as an investment account where you may buy securities like stocks, bonds, mutual funds, and more.  A savings account is a type of financial instrument that is more liquid than a checking account and can yield interest.  Do you need help

Do you want to know the length of the SBA loan? From experience, I noticed Many inquire, “How long does an SBA loan take?”. Answer: It varies on company kind, location, and credit score.  However, most business owners must wait 30-180 days for grant or loan approval. This post will explain SBA loan stages, how