The Letter of Credit Process The importer arranges for the issuing bank to open an LC in favor of the exporter. The issuing bank transmits the LC to the nominated bank, which forwards it to the exporter. The exporter forwards the goods and documents to a freight forwarder. What happensRead More →
Attendance Allowance is a tax-free benefit. You’ll be exempt from the Benefit Cap so you won’t have money taken away from any other benefits. What other benefits can I claim if I get Attendance Allowance? If you get Attendance Allowance, you might be able to get some other benefits, orRead More →
Our consumer finance business BANK-now has 17 branches. Also, we offer our clients the world’s leading credit card brands through Swisscard AECS GmbH, an equity method investment jointly owned with American Express. Does Credit Suisse have checking accounts? Banking for everyone from 12 to 25 years of age It hasRead More →
Return outwards is the sending out of goods, being returned back by the buyer to the seller from who they were purchased. Return outwards is thus also termed as purchase returns. Is return outward an expenses? Return Outwards – This is a reduction in expenses for the business. What isRead More →
: a loss sustained or a portion of a credit not used in a given period that may be deducted from taxable income of a prior period. How far back can you claim R and D? The research and development (R&D) tax credit claim time limit is two years fromRead More →
However, if you apply for a margin account — allowing you to buy stock using money borrowed from the broker — they will likely run a credit report, which will count as a hard inquiry. How do you qualify for a margin account? Know the Margin Rules Before trading onRead More →
Consequences of Default The entire unpaid balance of your loan and any interest you owe becomes immediately due (this is called “acceleration”). You can no longer receive deferment or forbearance, and you lose eligibility for other benefits, such as the ability to choose a repayment plan. Do defaulted student loansRead More →
In fact, FICO statistics show that approximately 38% of consumers with student loan debt totaling over $50,000 fall enjoy a FICO score of over 700, which is considered the average score for American consumers, according to a recent article by Fox Business. Can student loan mess up your credit? ImpactRead More →
Being over-limit, or overlimit, refers to a cardholder account that has surpassed its credit limit with a transaction. When cardholders attempt to make purchases that will put them over their credit limit, the card issuer may decline the transactions or may charge consumers hefty over-limit fees. Can I buy somethingRead More →
Like all good things in life, credit cards must at some point come to an end. More specifically, all credit cards have expiration dates. They typically fall three years after a card is first activated, and you can use your card without interruption through the end of the listed monthRead More →