Answer: Since this was a personal loan and not related to your business, it is considered a non-business loan for tax purposes. A non-business bad debt is deducted as a short-term ...

Most people have incurred debt at some point, whether it be a mortgage, car loan, student loan or credit card debt. However, debt can be an issue if not managed wisely. Too much debt can be ...

Figuring out when to take out a loan, pay cash, use leverage, or pass when something isn't affordable. Unpacking good vs bad debt. Myth: you should always pay cash if you can. Fact: investors should ...

Finding a financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been vetted by ...

If you’ve been around closely held businesses long enough, you know that a transfer of money between a business and its owner, or between two related businesses, is sometimes characterized by the ...

Using personal credit strategically can help small business owners build traction, prove viability, and unlock better ...

Most of us have loaned money to a friend or relative at some time. Things don't go according to plan, and the payments stop coming -- if they ever got started. Eventually, you realize you're never ...

There are potential benefits and downsides to debt consolidation.

You can get a debt consolidation loan from an online lender, even if you have bad credit. Compare loan offers to find the best rate. Many, or all, of the products featured on this page are from our ...