Life happens. Your car breaks down. Prices go up. The latest layoffs come, and you find yourself out of a job. Facing financial difficulties can…
Images by Getty Images; Illustration by Austin Courregé/Bankrate The process of debt repayment isn’t always a smooth one. While you probably hope you don’t hit any snags as you pay your balance, a lack of…
U.K.-U.S. tax planning involves understanding how income, residency and asset ownership are taxed under both British and American law. Dual residents, expatriates and cross-border investors often face parallel filing obligations, with each country maintaining its own system for taxing worldwide income. While a bilateral tax treaty exists to help reduce…
“Renting is throwing money away.” Has anyone ever told you this? Well, I’m here to say: It’s bad financial advice. My husband and I have owned four different homes in three cities since 2010. If I wanted to, I could buy a house in cash today. But for the last…
Key takeaways A 609 dispute letter is a formal way to request more information about the accounts on your credit report. Sending a 609 dispute letter may help you remove errors from your credit report. Legitimate accounts should stay on your credit report even if you send a dispute letter.…
Thomas Barwick/Getty Images Key takeaways Debt consolidation and bankruptcy are strategies to relieve debt, but the effects are radically different. Bankruptcy can give you a fresh start by restructuring your debts or liquidating some of your assets, but it can ruin your credit. Debt consolidation combines several debts into one,…
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More ArticlesYour current tax bracket is an important consideration when evaluating whether to convert a tax-deferred retirement account to a Roth account. However, it’s just one of several elements to keep in mind. For example, your…