Smart deposits are a relatively new type of bank account that offer higher interest rates but come with certain restrictions. This article will explain what smart deposits are and how they compare to savings accounts, money market accounts, and certificates of deposit. What is a Smart Deposit? A smart deposit is a deposit account offered…
Dealing with debt lawsuits can be stressful, but in some cases, you may be able to get the lawsuit dismissed. Here are some of the most effective ways to get a debt lawsuit dismissed. Prove You Don’t Owe the Debt One of the best defenses against a debt lawsuit is to prove that you don’t…
The Social Security Administration (SSA) has announced a 3.2% cost-of-living adjustment (COLA) increase for 2024 Social Security benefits. This will be the largest COLA increase since 1982 for the average $1,800 monthly retirement payment. Largest Social Security Raise in Decades The SSA bases the COLA increase on the Consumer Price Index for Urban Wage Earners…
If you want to help a family member get into a home but they can’t qualify for a mortgage, a family opportunity mortgage (FOM) may be the solution. This unique loan program allows borrowers to purchase a home for a parent, child, or grandchild while still qualifying for the best terms. What Exactly is a…
What is a $500 Down, No Credit Check Car Loan? If you need a car but don’t have strong credit, a “$500 down on a car no credit check” loan may be an option. With just a $500 down payment and no credit verification, certain lenders are willing to finance an older used car for…
What Are DSCR Loans? DSCR stands for debt service coverage ratio. DSCR loans are a type of commercial real estate financing that approves borrowers based on the property’s cash flow alone, not the applicant’s personal income or credit score. This makes DSCR loans appealing to real estate investors who may not qualify for traditional commercial…
Understanding Universal Basic Assets Universal Basic Asset (UBA) is an emerging economic concept that proposes providing all citizens shared ownership or access to fundamental resources like land, natural resources, intellectual property, or digital platforms. Proponents of UBA believe it could reduce inequality and increase economic participation by making people shareholders in aspects of the economy….
Companies seeking H-1B visas and government contractors need Labor Department prevailing wage determinations to set pay rates for workers. But how long do these wage decisions take in the current environment? Prevailing Wage Determinations Processing times vary based on seasonal fluctuations and staff capacity. As of August 2023, the Labor Department is working on prevailing…
Inheritance tax (IHT) remains one of the most contentious taxes in the UK, sparking debate over whether it should be scrapped entirely. IHT levies a 40% tax on estates valued above the nil-rate band of £325,000 per individual or £650,000 per married couple. Assets passed on after death get taxed above this exclusion. Let’s take…
An arbitrator’s assets refer to any property or investments owned or controlled by the arbitrator. Full disclosure and proper management of arbitrator assets is crucial to maintaining impartiality. Arbitrators must reveal all their assets to the parties involved before accepting an appointment. This transparency helps identify any potential conflicts of interest stemming from the arbitrator’s…
