THE 5 C’S OF CREDIT: General Overview
When you apply for a loan, mortgage, or credit card, the lender will want to know that you…
IN HOUSE FINANCING: What You Should Know
In-house financing occurs when a supplier offers the purchaser the option of credit on his own or through…
HOW LONG DOES PRE APPROVAL LAST? Everything You Need To Know
It’s usually a good idea to get pre-approval before looking for a new house. But what if you’re…
CAR DEALERSHIPS THAT WORK WITH BANKRUPTCIES
Dealing with bankruptcy is difficult, and it’s almost impossible to obtain a car loan with bankruptcy. Thankfully, some…
OPEN END LOAN: Definition and Examples
Perhaps you’re thinking of applying for an open-end loan, but you still need clarification on what it entails.…
OPEN END CREDIT: General Overview
Open-end credit is the one we call credit without limits. It allows the borrower to borrow as much…
DEBT SECURITIES: Definition and General Overview
A debt security is basically like an asset created when a party lends money to another. We can…
TOTAL INTEREST PERCENTAGE: General Overview
It’s as the name implies: the total interest you will pay on your loan over the term of…
HOW TO PAY YOURSELF IN AN LLC
How you pay yourself in an LLC depends on a number of factors: how the LLC is taxed,…
RABBI TRUST: Definition, Administration, and Taxation
The Rabbi Trust is a non-qualified deferred compensation plan that invests money in an irrevocable trust and holds…