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How to Stop Payment on a Check
A stop payment on a check is how you ask your bank to cancel a check before it is processed.…
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Wage Garnishments and Child Support
A parent’s wages are usually only guaranteed for child support when they’re severely in herds—they haven’t made full payments in…
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The Accounting Cycle for Small Business Explained in Less Than 5 Minutes
The accounting cycle is a process of calculating, recording, and classifying financial transactions during an accounting period, which can be…
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What Is a Lease Extension?
Key Takeaways A lease extension is a legal agreement that extends the terms of your current lease. Lease extensions are…
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How Does a Mortgage Affect Your Credit Score?
Becoming a homeowner is a huge milestone. It often takes years to build up your credit and finances enough to…
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Impact of Trade Deficits and Surpluses on Investors
World trade has been credited as the source for a range of impacts and outcomes, from driving global economic growth…
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What Is a Debt Repayment Plan?
If you’ve ever gone to college or bought a car or home, it’s likely you’ve taken on some type of…
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What Is a Step-Up CD?
Key Takeaways A step-up CD is a certificate of deposit with an interest rate that increases on a fixed schedule…
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What Is a Secured Creditor?
A secured creditor is a lender that issues a loan backed by collateral. If a borrower defaults on the loan,…
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What Is an Earnings Withholding Order?
An earnings withholding order legally requires your employer to garnish a portion of your wages to pay a creditor. A…
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