Keeping your debt at a manageable level is one of the foundations of good financial health. But how can you tell when your debt is starting to get out of control? Fortunately, there’s a way to estimate if you have too much debt without waiting until you realize you can’t afford your monthly payments or … Read more
It depends on your financial situation and budget Part of the Series Guide to Emergency-Proofing Your Finances Everybody has an opinion on how much cash you should keep in your bank account. The truth is, it depends on your financial situation. What everyone needs to keep in the bank from month to month is enough … Read more
The best approach to debt repayment depends on your balances, interest rates and financial goals. Prioritizing high-interest debt should save you the most moneyâbut in some cases, it might make more sense to pay off your highest balance first. When it comes to paying off debt, it usually makes the most sense to prioritize high-interest … Read more
Are you ready for the greatest wealth transfer in history? Ready or not, it’s already happening! It’s estimated that $70 trillion worth of assets will pass down from older to younger generations over the next two decades.1 That is a lot of money—and some of it might be heading your way. But if you’re not … Read more
When you finance a car, you take out a loan for anywhere between two and five years. But while you’re still paying off the finance on your existing car, you may be casting a casual eye on a newer one. Or you simply want to return the car early. Car dealers can help settle outstanding … Read more
We frequently receive questions about depreciating and expensing business vehicles. This post provides a brief summary of the general rules for 2021. Business owners looking to purchase vehicles for their business operations often wonder whether they can take bonus depreciation on those vehicles in the year of purchase. The short answer is yes, most vehicles … Read more
If an item on your credit report was recently deleted, you might be surprised if you received notice that the item had been reinserted in your credit file. A deleted item could reappear on your credit report for a couple reasons. Read on to find out how this might happen and what you can do … Read more
Hey there, folks! If you’re sittin’ there wonderin’, “What credit score do I need to get a $20,000 loan?” then you’ve landed in the right spot I’ve been down this road, stressin’ over big financial moves, and I’m here to lay it all out for ya, nice and simple. Bottom line up front most lenders … Read more
Having a credit line of $8,000 can be considered good depending on your financial situation and credit profile. While there is no single credit limit that is ideal for everyone, here are some key factors to consider when determining if an $8,000 credit line is good for you: Credit Utilization Ratio One of the most … Read more
This fact sheet provides general information concerning the CCPA’s limits on the amount that employers may withhold from a person’s earnings in response to a garnishment order, and the CCPA’s protection from termination because of garnishment for any single debt. A wage garnishment is any legal or equitable procedure through which some portion of a … Read more