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What else can I help you with?
Does a HELOC count as income for tax purposes?
A Home Equity Line of Credit (HELOC) does not count as income for tax purposes. It is considered a loan and not taxable income when you receive funds from it.
Can you use federal financial aid as a source of income for a loan?
No, that is getting a loan with a loan. If anything it will count against your credit worthiness.
Does a 401k loan count against my debt-to-income ratio (DTI)?
Yes, a 401k loan does count against your debt-to-income ratio (DTI) because it is considered a debt that you are obligated to repay. This can impact your ability to qualify for other loans or credit.
Do 401k loans count against debt-to-income ratio (DTI)?
Yes, 401k loans do count against the debt-to-income ratio (DTI) because they are considered a form of debt that must be repaid. This can impact a person's ability to qualify for additional loans or credit.
Does a cash advance count as a purchase?
No, a cash advance is not considered a purchase. It is a loan taken out against your credit card's line of credit, and typically comes with higher fees and interest rates than regular purchases.
Does a HELOC count as income for tax purposes?
A Home Equity Line of Credit (HELOC) does not count as income for tax purposes. It is considered a loan and not taxable income when you receive funds from it.
Can an unpaid balance on auto insurance effect your credit?
Unpaid balances owed to insurance companies will be sent to collection agencies and will count against your credit.
Will marrying a convicted felon effect a person's credit?
no. the credit companies can look at YOUR record but they usually dont even look at it anymore. and when they do it doesnt count against you.
Does it effect your credit score when employers check your credit?
No it does not -- it is called a soft inquiry. The credit bureaus classify companies who pull a credit report. Some companies pull credit reports for lending, others use credit reports for non-lending purposes. Hard inquiries are those that count against credit scores and are from lenders upon an inquiry for credit. Soft inquiries or those used for non-lending practices do not count against credit scores. From the classifications used by credit bureaus, the credit scoring system can determine the type of inquiry (whether for credit or otherwise) that is pulled.
Would debt to equity ratio be useful when paying current debt?
No. It is a measure used to determine if you are a good credit risk. Other considerations enter into that determination, depending on the lender you're consulting. If you are trying to get to a point where you can apply for a loan, you may want to pay off small-balance debts in full, but keep paying the larger debts when due. You may find yourself in a Catch-22 if you close some credit/store cards. You lower your debt to equity ratio, but you lower your credit score. And open credit lines, even with zero balances, count against you, since you can borrow that amount at any time.
Can you use federal financial aid as a source of income for a loan?
No, that is getting a loan with a loan. If anything it will count against your credit worthiness.
Does a 401k loan count against my debt-to-income ratio (DTI)?
Yes, a 401k loan does count against your debt-to-income ratio (DTI) because it is considered a debt that you are obligated to repay. This can impact your ability to qualify for other loans or credit.
Do 401k loans count against debt-to-income ratio (DTI)?
Yes, 401k loans do count against the debt-to-income ratio (DTI) because they are considered a form of debt that must be repaid. This can impact a person's ability to qualify for additional loans or credit.
Does it count against your insurance if you get a driving under suspension that gets thrown out of court and don't count against you?
You just answered your own question. If it was thrown out and don't count against you, then obviously it don't count against you.
Does a cash advance count as a purchase?
No, a cash advance is not considered a purchase. It is a loan taken out against your credit card's line of credit, and typically comes with higher fees and interest rates than regular purchases.
I was recently told that you do not have to pay back Cash advances because it doesnt count against you since they don't check credit. Is this true?
No, the person that told you this is a fool.
Do ceu's count as college credit hours?
No, they do not meet the requirements for college credit.
