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by Ray | Jun 17, 2024 | Finances
Sales tax is an important part of every business transaction, yet not all merchants properly collect and report it as required by law. Failing to pay sales tax can result in serious consequences, including hefty fines and even potential jail time. Understanding your...
by Ray | Jun 15, 2024 | Finances
Understanding Student Loan Default Student loan default is a serious issue that can have long-lasting consequences for borrowers. When a student fails to make payments on their loans for an extended period, typically 270 days for federal loans and 120 days for private...
by Ray | Jun 14, 2024 | Finances
Understanding Car Loan Default and Its Consequences In recent years, auto loan debt has been on the rise, placing many consumers in vulnerable financial positions, especially during economic downturns. When a borrower takes out a car loan, they enter into a financial...
by Ray | Jun 12, 2024 | Finances
Restitution is a court-ordered payment that a convicted offender must make to the victim of their crime to compensate for financial losses or damages. It is a common condition of probation or a suspended sentence, requiring the defendant to pay a specified amount to...
by Ray | Jun 12, 2024 | Finances
Child support is a critical aspect of family law that ensures the well-being and financial stability of children whose parents are separated or divorced. When a non-custodial parent fails to meet their child support obligations, it can have severe consequences not...
