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What is one mistake that could reduce your credit score?

The following common actions can hurt your credit score: Missing payments. Payment history is one of the most important aspects of your FICO® Score, and e...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Can I live in a house owned by my IRA?

The IRS prohibits benefiting personally from any asset owned by your IRA (i.e., self-dealing). None of you can live in or lease or vacation in real estate...

Do credit reports update instantly?

Your credit reports are updated when lenders provide new information to the nationwide credit reporting agencies for your accounts. This usually happens o...

What bank account can OCI open?

What are the accounts that a tourist visiting India can open? Answer: An NRO (current/ savings) account can be opened by a foreign national of non-Indian ...

What is the best scenario for refinancing a mortgage?

When it’s a good idea to refinance your mortgage Consider refinancing if you can lower your interest rate by one-half to three-quarters of a percentage po...

Does an inheritance affect Medicare premiums?

But if you claim your benefits and have your Medicare Part B premium deducted from your Social Security payment, it’s possible your inheritance could affe...

How do you calculate cost of goods percentage?

Calculate the COGS rate. Divide COGS by sales. In this example, the rate is $10,000 divided by $50,000, or 20 percent. What is cost of goods sold for serv...

Can I buy a car in another state and drive it home?

You’ll want to verify that the dealership can handle the registration from another state. Dealerships often employ people trained in DMV rules or hire a t...

What is a 10 year guarantee annuity?

A Lifetime annuity provides you with a regular income for as long as you live. However, you can choose for your income to be paid for a guaranteed period ...

Is merchant fees a cost of goods sold?

There are 2 ways to look at fees charged by your merchant account provider. You can treat them as a cost of sales (or COGS) or count them as an expense. W...