7 Year Statute of Limitations on Your Credit Report

A missed payment will appear on your credit report for seven years. This is an important fact as you consider future financial plans. For example, buying a home may not seem important to you when you're young or in college, but seven years later the credit required to make a major purchase may be a priority. The idea is to take care of your credit today just in case you need it later.

How Will I Know if My Tax Return Has Been Garnished for a Debt?

The Financial Management Service (FMS), a division of the national treasury, is responsible for issuing refund payments and is authorized by Congress to offset any refund owed you when you have unpaid state taxes, owe back child support or have any other debt to a government agency caused by illicit means. This offset can occur even if you are currently on a payment plan.

The Illinois Statute of Limitations to Claim Ownership

Illinois sets a statute of limitations for a person seeking to claim ownership of land. In addition to a statute of limitations, other elements must be clearly met. For property other than land, Illinois has no set statute of limitations. However, before an individual can claim ownership of personal property, Illinois requires signs that the original owner intended to abandon it.

Net Operating Loss & the Carryforward Period

The Internal Revenue Service (IRS) allows a taxpayer who suffers a net operating loss to apply the loss against his taxable income during the year he incurs the loss. If a taxpayer's loss exceeds his taxable income in a given year, the IRS may allow him to use the excess to offset his income in both previous and subsequent tax years. The IRS cites a loss from operating a business as the most common cause of a person's net operating loss. Other deductions that may cause a net operating loss typically result from a taxpayer's moving expenses, casualty and theft, rental property and work as an employee.

Grants for Fingerprint Work

Grants for fingerprint work, which verify an individual's criminal history, are available from federal, state and private organizations and companies. Technology to assist law enforcement agencies update their fingerprinting systems from document and ink to digital fingerprint technology can run upward of $30,000, so grants can be extremely helpful to this end.

How to Compare & Choose a Credit Card

Competition among credit card companies is fierce, and that is good news for savvy consumers. If you have a good credit rating and a solid credit history, you can pick and choose from many different cards, including credit cards that give you cash back, frequent flier miles, gift cards and merchandise. No one card is right for every consumer, and the best way to get a good card is to assess your own needs and pick the card that best matches your spending style and your needs.

Tips on Settling Credit Card Debt

Credit card debt can cause serious financial strain. Consumers and businesses trying to pay off credit card balances have to deal with finance charges. This can make settling credit card debts more difficult. There are ways, however, in which cardholders can conclude their credit card debts. This involves a settlement process that includes preparing a budget, cutting expenses and contacting credit card issuers.