If you're still struggling with debt and need advice, speak to any of the following debt advice organisations and charities: Citizens Advice StepChange The Money Charity Debt Advice Foundation National Debtline The sooner you ask for help the better. Even if you feel that your finances are in...
Simply put, adaptability is a skill employers are increasingly looking for. When you spend time learning a new task rather than resisting it, your productivity goes up. You can also serve as an example to your co-workers who ...
When it comes to paying down debt, there are some useful strategies to consider: Start with the debt with the highest interest rate The”avalanche method”focuses on paying the loan with the highest interest rate loans first. When your higher-interest debt is paid off, you work ...
Also consider that for smaller loan amounts, a larger loan origination fee will need to be charged, seeing that it’s expressed as a percentage and won’t go nearly as far as a similar percentage on a large loan. For example, a $100,000 loan amount with a 1% fee is only $1,000,...
Use Loans for Business Purposes Where Possible –If the funds are used to support company operations, they are less likely to be questioned. Following these steps will help protect against IRS audits and penalties. FAQ Section Q1: Can I borrow money from my company without paying taxes?A: If...
People who hold the former opinion often feel that college students are adults now and 18 years of footing the bill is enough for parents. They can find loans, scholarships and grants as an option to help them pay the costs. Moreover, they can do part-time jobs during their spare...
Put this extra money toward your debt to pay it down faster and increase the psychological benefit you get from paying off a large chunk of debt at one time. Bottom line: To pay off debt faster, you need to make more and/or spend less. A combination of the two, as well as applying...
My no-fee credit cards are getting two (some months three) payments in full every month, I pay $0 interest, and my credit score (if I ever need it) is top of the scale. The banks pay me 2 or 3 percent in rewards, so I’m making a few bucks paying my regular... Read more ...
That's because credit cards can help build your credit history, which eventually may allow you to qualify more easily for financial products such as mortgages, auto loans and even auto insurance as a young adult. “By their late teens or early 20s, people should be ready,” she says. ...
You’ll need to provide proof of a significant financial hardship and gain approval from your lender to go this route. Short sale: A short sale is the act of selling a property with permission from your lender for less than is owed on the mortgage. The lender takes the proceeds and ...