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What does your credit score have to be to buy a rental property?

The minimum credit score for rental properties is 620. While some mortgage lenders may accept a credit score of 600, a 660 is considered safe. With a 20% ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Is Accumulated depreciation A contra asset account?

In other words, accumulated depreciation is a contra-asset account, meaning it offsets the value of the asset that it is depreciating. As a result, accumu...

Can anyone live in sheltered housing?

Sheltered housing is for people who are normally able to live quite independently, but need occasional help or support. Often, sheltered housing will have...

What is EPS basic and diluted?

Basic earnings per share (EPS) and diluted EPS are used to measure the profitability of a company. Basic EPS is calculated, taking into account the outsta...

What is a voluntary payroll deduction?

Voluntary Deductions. Voluntary deductions are amounts which an employee has elected to have subtracted from gross pay. Examples are group life insurance,...

What does a 9 mean on a credit report?

9 = 66, 67, 86, 88, 91, 92, 93, 97. N = Current account/zero balance — no update received for this trade. 0 = Current with Zero balance reported on tape. ...

What advice would you give to people about managing debt?

How to Manage Debt of Any Size Know How Much You Owe. Pay Your Bills on Time Each Month. Create a Monthly Bill Payment Calendar. Make at Least the Minimum...

How do you handle collection accounts?

What Should You Do When You Find Out Your Account Is in Collections? Don’t Ignore the Debt. Deal With the Creditor First. Ask the Debt Collector to Stop C...

What counts as assets for FAFSA?

Assets include other investments, such as real estate (other than the home in which your parents live), Uniform Gifts to Minors Act (UGMA) and Uniform Tra...

How long does the car buying process take at a dealership?

The shopping part of buying a car can take one to two days. When you find your car, the paperwork to complete the sale doesn’t take long — usually 30 minu...