Research from the Federal Reserve Bank of New York shows that more than half of small business owners who apply for a loan, fail to secure them. One of the primary reasons cited is that the businesses that apply for these loans have poor business and personal credit scores. As a business owner, you should know that keeping your business credit and personal credit and all financial information separate and well organized is essential for […]
The process of buying your first home seems like a straightforward journey- look at the available listings, tour one or two homes, apply for a mortgage, get the mortgage, sign on the papers, and Voila… you are a homeowner- finally! Then you start making payments to service your mortgage, probably for the next 15 or 30 years and that is it! But, is it that easy though? Well it is not, buying your first home […]
Anika Jackson has been a serial entrepreneur before she knew the meaning of the word, it was ingrained in her DNA from both her European/American family and her family in Asia. Growing up with an immigrant mother in an extremely middle-class household, if she wanted something, she learned the business of how to achieve it, whether going door to door to sell knickknacks or coming up with other creative strategies. In high school, this passion […]
Predatory lending practices usually involve unfair, deceptive, and sometimes abusive loan terms on the borrowers. One characteristic of predatory lending practice is that these loans will have high fees and interest rates, strip the borrower of their equity and in many cases, place a creditworthy borrower in a lower credit-rated loan– which is usually very expensive. To sell these harmful loans, the lender applies very forceful, tactical, and aggressive sales strategies to take advantage of […]
In normal circumstances, most people would have received their tax refunds just after 21 days of filing electronically. 2021 however is not a normal year. With the pandemic and most people working from home, it is expected that one or two things will be delayed and the IRS is no exception. The IRS has been dealing with a backlog of paperwork and tax returns to process from last year, given the fact that the pandemic […]
