Our Latest Articles

Venmo Transaction Declined [Money Transfer Problems]

Venmo Transaction Declined

Venmo transaction declined is an unfortunate message to receive when you need to send money. In this article, we’ll look at why this happens and answer a number of common questions we receive on the topic. This article is part…

Can You Send Money From PayPal to Cash App?

Can You Send Money From PayPal to Cash App

In this article, we’re answering “can you send money from PayPal to Cash App?” This article is part of our free series on how to send money online through bank transfers, direct deposit, and more – click here to unlock…

Interest Saving Balance [US Credit Basics]

Interest Saving Balance

Interest saving balance refers to a set amount that credit cardholders can pay on their outstanding balance each month. Not surprisingly, calculating interest saving balance is of interest to individuals who recently opened a bank account without an SSN or…

147c Letter [US LLC + US Banking Basics]

147c Letter

147c letter refers to a form that is submitted to the IRS to request proof of an existing Employment Identification Number (EIN). In this article, we’ll explain everything you need to know about the 147c letter, including answering common questions…

What Is Operating Income? [Business Basics]

What is operating income

In this article, we’re answering “What is operating income?” This article is part of our free series on registering LLCs in the USA, including the steps for opening a business bank account for an LLC, which you can access here.…

What Is a Trading Business? [Business Banking 101]

What is a Trading Business

In this article, we’re answering “what is trading business?” In short, a trading business is any business that engages in the buying and selling of an underlying asset. Of course, trading businesses exist in every industry around the world, ranging…

Outstanding Balance Meaning [US Credit Basics]

Outstanding Balance Meaning

Outstanding balance, meaning the amount owed on a credit card or other credit product, is important to track and manage. In fact, if not managed correctly, an outstanding balance can have a negative impact on a person’s credit score. This…

What Is a Shell Company? [Business Banking 101]

What is a Shell Company

In this article, we’re answering “what is a shell company?” In short, a shell company is a corporate entity that is not currently operational. Said differently, it doesn’t engage in any business activities. That said, there are legitimate reasons why…

Credit Card Forgiveness [US Credit Basics]

credit card forgiveness

Credit card forgiveness is very rare. In fact, credit card debt is one of the few forms of debt that are rarely forgiven. In this article, we will take a closer look at credit card forgiveness and answer common questions…

Chattel Loans [Loans for Moveable Property]

Chattel Loans

Chattel loans refer to loans for moveable property. Moveable property can include pieces of equipment, vehicles, mobile homes, or other items that are not permanently stationary. This article is part of our free series on credit basics, ranging from how…

What Does “In Credit” Mean? [US Credit 101]

What does in credit mean

In this article, we’re answering “What does “in credit” mean?” This article is part of our free series on credit basics, ranging from how to get a credit card with an ITIN number to answering questions like what increases loan…

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