August 26, 2019

Is it Legal to Have Accurate Information Removed?

Show me a law that shows that credit information must be reported to the credit bureau… I’l wait… Can’t find one? That’s because there are NO laws that say credit information must be reported to your credit report in the first place. There aren’t event any laws that say the credit bureaus have to exist. There are no laws that say credit report information has to […]
August 19, 2019

Paid Up Additions in your Life Insurance Policy

The Basics Have you ever asked yourself what was Paid Up Additions (PUAs) when it was presented to you by your Insurance adviser? Did you still not understand what it meant after it was explained? Don’t worry, some insurance advisers still can’t explain the concept. Paid Up Additions Rider in your Life Insurance policy gives you tons of flexibility. You fully pay up your insurance […]
August 12, 2019

Home Office Deductions may Benefit Business Owners

Taxpayers who use their home for business may be eligible to claim a home office deduction. It allows qualifying taxpayers to deduct certain home expenses on their tax return. This can reduce the amount of the taxpayer’s taxable income. Understanding the Home Office Deduction and Whether they can Claim it: The home office deduction is available to both homeowners and renters. There are certain expenses […]
April 29, 2019

Handling Credit Limits Not Reporting Accurately on Credit Reports

Usage of credit accounts for 30% of a credit score. Consequently this is a very important factor in the FICO scoring model. Usage is calculated by dividing your current balance by the credit limit. For example; $500 balance on a credit card that has a$1000 limit: $500/$1000 = 50 % Usage Percentage Affects on the FICO Score In addition, higher utilization rates  lowers credit scores. […]