Terry L. Stone, Certified Public Accountant
  • Fresno, California CPA offering Personalized Tax Preparation, Planning and Business Consulting Services.
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Personal Finance

We are dedicated to keeping clients abreast of the latest developments and tax-saving strategies. This section includes a library of hundreds of timely articles about business, taxes, finances, trends and the like. The articles are categorized by subject matter, which can be accessed from the links. Click on your topic of interest and find a wealth of information.

CREDIT & DEBT MANAGEMENT

Maintaining good credit allows individuals to take advantage of lower interest rates and rapid access to funds when an appropriate need arises. On the other hand, if you have a less than excellent credit rating, you will pay higher rates and have difficulty obtaining new credit. This can be especially harmful if you wish to buy a home or start a business. The information provided here is to assist in safeguarding and improving your credit.

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Paying Off Debt the Smart Way
Being in debt isn't necessarily a terrible thing. Most people are, between mortgages and car loans and credit cards and student loans. Being debt-free should always be a goal, but you should focus on the management of it, not the presence of it. It'll likely be there for most of your life, and if you handle it wisely, it won't feel so much like an albatross around your neck.

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How to Improve Your Credit Score
There are myriad important numbers in your financial world, but few as critical as your credit score. This FICO number, ranging from 0-850, can affect your ability to buy a house or car, get a credit card or other loan, or even get a job sometimes.

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What Happens When I Default on a Business Loan?
A loan default is the failure to meet the financial obligations indicated in the loan agreement that is signed by you and your lender. Often, a loan default translates into the business owner's inability to pay their debts on time. Due to the differences in each loan agreement, default penalties vary. However, the effects of defaulting on the loan fall into two general categories- immediate repercussions and future implications for both you and your business.

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