Penn Credit Corporation’s Blog
What to Know About Investing in Private Companies
When the majority of a business is owned by a single entity, that business is said to be “closely held.” Privately held businesses can also have a minority subset of owners—who provide guidance and funding. What makes any business private, however, deals with how it...
Eliminating Unnecessary Payments
If you're trying to establish financial freedom for yourself or your family, an important first step is to create a source of disposable income. You can do this by reducing the amount of money you have to pay out each month on bills and debts. Many people don't...
The Significance Of Looking At Your Finances In The New Year
The start of a new year is the ideal time to re-evaluate your financial situation. This should start with determining your net worth since this can help you see how well you're progressing towards meeting your financial goals. Make a side-by-side list of your income...
Are You on Track for Retirement?
Retirement is a word that people don't think about when they're younger. It's too far off. Unfortunately, many people haven't planned enough ahead for retirement. Are you on track for retirement? If not, here are a few tips to help you get back on track for...
The Impact Of A Second Mortgage
As interest rates remain low, many homeowners are considering if they should refinance or access cash through a second mortgage. Depending on the unique circumstances of the individual homeowner, the origination of a second mortgage may have a significant impact on...
How To Get Your Finances Organized For The New Year
As soon as the glitz, glamor, and excitement of ringing in the New Year fade, the inevitable dread sets in for many as they realize those midnight chimes mark the start of the countdown to tax season. Whether it is for tax season or as part of a New Year's resolution,...
How To Come Back From Bankruptcy
There are plenty of reasons why you may need to file for bankruptcy. This huge decision may make you feel doomed, but it is often the right choice. If you make the right decisions following your bankruptcy, then you can easily find yourself in a solid financial...
Finance Programs to Help During Difficult Times
The best thing, of course, is to have some financial cushion ahead of time, but even the biggest cushion will only go so far.
How to Find Support for Overdue Bills
For people who are still experiencing financial hardship due here are three resources to help you get caught up on overdue bills.
3 Things to Understand About Passive Investing
Passive investing is a simple yet very powerful financial concept that few people seem to understand or care about. In a nutshell, passive investing is a strategy that aims to maximize returns by assuming long-term positions in the market. While it can indeed improve...