The Daily Horizon

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Can I buy a house if I had bad credit in the past?

If you have a lower credit score because you’ve consistently mismanaged debts in the past, a lender will be much less likely to approve you for a mortgage...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What does it mean when a bank pays an overdraft?

An overdraft occurs when you don’t have enough money in your account to cover a transaction, but the bank pays the transaction anyway. Does insufficient f...

How do you calculate inventory turnover?

You can calculate the inventory turnover ratio by dividing the inventory days ratio by 365 and flipping the ratio. In this example, inventory turnover rat...

What is the use of RUN statement?

RUN statement is used to specify a command line for the operating system to execute. The RUN statement executes an operating system command. It can be use...

How long do you have to be married to get a green card UK?

You can apply for British citizenship by ‘naturalisation’ if you: are 18 or over. are married to, or in a civil partnership with, someone who is a British...

What does health insurance open enrollment mean?

Open enrollment is the time period each year when you’re allowed to start, stop or change your health insurance plan. Normally, you sign up around the end...

What do you mean by repossession in hire purchase?

Under a hire purchase agreement, the hirer has an obligation to pay up to the last instalment so that the ownership of goods smoothly passes to him. If he...

Is unincorporated business owned by two or more persons?

A partnership is an unincorporated business owned by two or more persons associated as partners. Often the same persons who own the business also manage t...

What creditor does GM Financial use?

When determining what a potential buyer’s credit score is, GMAC uses TransUnion credit bureau to pull your credit score from. Should you need an auto loan...

Do you have to be a CPA to prepare financial statements?

Only a CPA can prepare an audited financial statement or a reviewed financial statement, although any accountant can prepare a compiled financial statemen...