BrandoCreditConsulting
Finance & accounting

The Relationship Between Personal Accounting and Credit Score in the U.S.

Personal Accounting and Credit Score

Maintaining good personal accounting is one of the most important factors for improving and maintaining a healthy credit score in the United States. Accounting practices directly affect how credit is managed, from organizing payments to tracking expenses and income. A high credit score is the result of smart financial decisions over time, which depend on good financial control. The credit score is based on five main factors: payment history (35%), amounts owed (30%), length of credit history (15%), new credit…

BrandoCreditConsulting
Finance & accounting

Countries around the world are implementing fiscal measures under the threat of the coronavirus.

Countries around the world are implementing emergency fiscal measures to strengthen weakened economies under the threat of the coronavirus (COVID-19). Providing tax breaks to the most affected people and companies, until the emergency subsides, is welcome. Countries should consider tax reduction measures, because the health issue is creating a substantial economic shock. Taxes requiring regular payments will affect the liquidity of businesses and households. Therefore, governments should consider fiscal relief as a way to minimize the economic impact of the…