It is always a no contest when you are asked to choose between paying rent or paying mortgage because most people would choose the latter over the former. But not everyone gets to just drop their place of rent and simply take up a mortgage loan. There are a lot factors to consider like income, […]
You Just Had A Pay Increase – What Do You Do?
One of the best things that can happen with your work is that you get a call from your supervisor or HR and as soon as you take a chair, you are told that you are getting a pay increase. It can be from the most recent assessment or employee evaluation where you got great […]
3 Thing You Need To Know About Your Mortgage Loan’s Escrow Account
Taking out a mortgage loan is one of the traditional routes consumers tread to have the chance to have a place of their own but not everyone understands the complexity of payment including that for an escrow account. It is oftentimes intimidating that a lot of homeowners either just pay up month after month while […]
401K Withdrawal For Debt Relief – A Good Idea?
Amassing a large debt can have several unintended consequences. One of those consequences is an early raiding of your retirement fund. Taking this bold action should not be done without thinking about what kind of impact this will have on your future. You need to consider all the costs of an early withdrawal from your […]
What is A 1099-C?
You may be familiar with form 1099 if you have ever done work as an independent contractor. However, there are reasons you may receive a form 1099. Having a portion of your credit debt forgiven is one of those times. Anyone who has had debt cancelled in the previous tax year may get a form […]