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Why You Should Never Lend Money To Family?

January 24, 2024 by Ahmed Ali

Why You Should Never Lend Money To Family? It Could Damage Your Credit You don’t have to part with your money, and your friend or family member gets the cash they need. But it isn’t as simple as that. Co-signing a loan means you’re just as responsible for the debt as the other party. If

What Is Imputed Interest Interest Based On The Stated Interest Rate?

January 24, 2024 by Ahmed Ali

What Is Imputed Interest Interest Based On The Stated Interest Rate? Imputed interest is the estimated interest rate on debt, rather than the rate contained within the debt agreement. Imputed interest is used when the rate associated with a debt varies markedly from the market rate. It is also used by the IRS to collect