finances Archives - Comet Zone

Five Golden Rules When Taking A Loan

Let’s all face it; we need at some point in our life to accomplish something. Even the wealthiest men and women on earth have loans. We live in a real world where we have needs. However, the reality is harsh; we have little income that will not achieve our goals in life. So, it makes sense taking a loan to accomplish a thing or two in life. Unlike in the past when banks were the main lenders, technology has greatly changed and once can easily get a loan from a myriad of apps on their phones. It is quite easy…

Credit Card and Its Bad Effect on Your Home Loan Eligibility

Almost all of the people out there have a credit card. After all, we can use it to make purchases whenever we do not have the cash at the moment. But, if you’re planning to buy a new house and you’re going to get a home loan for it, you might encounter some problems, especially if you’re fond of using your credit card so much. If you’re planning to buy a new house using a home loan, then please read this article. I will go over the reasons why using your credit card might harm your chances of eligibility when…

What Parents Should Know Before Signing as a Guarantor

In the UK loan market guarantor loans are becoming more and more popular as time goes on. With non-guarantor products as challenging as ever to get with an imperfect credit score, there remains no real alternative to borrowing £500 to £15,000 at around 50% APR. While this is bad news for those without a guarantor, those who can get a guarantor are able to benefit greatly. One of the popular reasons to take out this type of loan is to make a large purchase like a car, or to find money for a deposit on rental accommodation; and because these…

Stop Living On Credit And Rebuild Your Finances

When you have a large credit card debt, it hinders your ability to save for the future, a rainy day, your retirement, or any of your other financial goals. Large debt means larger interest payments, and it becomes a bigger financial burden just to pay off interest, not to mention shrinking your debt. If you’re struggling just to stay where you are and not go further into debt, you’re not making progress on your financial goals, and it’s time for something to change. In 2016, the average Canadian was carrying $21,000 in debt, not including mortgage debt, according to Licensed…

Examples of Tax Deductible Charitable Donations

One of the ways the government is encouraging people to donate to charity, is by making their donations tax deductible. However, it is not as easy as you being able to deduct whatever you donated, regardless of whether that was property, cash, or services. There are some traps to be aware of, as the Welfont Group has explained. Services Donation If you donate your services, then you cannot deduct any compensation for your time from your taxes. You can, however, deduct expenses if they have not been reimbursed from the charity. This includes things like driving costs, accommodation if needed,…

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