Veteran And Military Debt Relief Options

October 13, 2023
It is common to encounter financial setbacks as you readjust to normal everyday life. The last thing you need is an overwhelming amount of debt during your time of transition. You served us. Allow us to show you how we can serve you. The Causes Of Veteran Debt Veteran debt is a complex issue rooted…

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Form 2848: Power of Attorney and Declaration of Representative

October 13, 2023
What Is Form 2848: Power of Attorney and Declaration of Representative? IRS Form 2848, titled “Power of Attorney and Declaration of Representative,” is a form used for tax-related purposes in the United States. It allows an individual or entity to designate a representative, typically an attorney, CPA, or another tax professional, to act on their…

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Does IRS Debt Show On Your Credit Report?

October 12, 2023
When it comes to managing your financial obligations, understanding the potential impact on your credit report is crucial. One common concern is whether IRS (Internal Revenue Service) debt, such as unpaid taxes or tax liens, can affect your credit standing. In this brief overview, we’ll explore the relationship between IRS debt and credit reports, shedding…

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What Is A Debt-To-Income Ratio?

October 12, 2023
A debt-to-income ratio (DTI) is a financial indicator that measures the proportion of one’s monthly income that goes toward paying existing debts. It provides a straightforward way to evaluate an individual’s or household’s ability to manage debt and take on new financial obligations. By comparing the total monthly debt payments to gross monthly income, the…

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The Differences Between Secured Debt and Unsecured Debt

October 11, 2023
Consumer debt can generally be categorized into two main types: secured debt and unsecured debt. Each type of debt has its own characteristics and implications for borrowers. Secured debt typically comes with lower interest rates because there’s less risk for the lender, but the borrower risks losing the collateral if they can’t repay. Unsecured debt,…

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