As if it isn’t hard enough to afford your federal income taxes come April, now Chicago residents have to worry about a state income tax hike as well.

Illinois – like California and a handful of other states – is facing a major budget shortfall. To cover it, lawmakers agreed to raise the personal income tax from 3 percent to 5 percent, at least temporarily. On the one hand, it’s probably long overdue – the state of Illinois has not raised income taxes since 1989. On the other hand, it’s not the best timing for thousands of Chicago residents currently struggling with unmanageable debts.

If you paid $1,000 in state income taxes last year, that means you’ll have to pony up $1,660 this year – no small change if you’re already cutting your budget. But look on the bright side. Some of that increase could be offset if you qualify for the recent federal payroll tax cut.

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The Federal Trade Commission currently released the guiding rules that will further enhance the accuracy of the information furnishers provide to the credit bureaus or credit reporting agencies. The guidelines also involved the new way on how consumers may file dispute for any inconsistency with their credit reports.

The guidelines issued included specific actions for furnishers to make certain that the information they provide to credit reporting agencies are correct and credible. In relation to this furnishers are expected to create sensible procedures and policies to put into practice the said guidelines. According to the guidelines, furnishers like financial institutions must include any additional information necessary so as not to cause confusing notion on the consumer’s credit record. Furnishers must also not fail to include consumer’s credit limit and the date when the account was opened for instance. For

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An auto loan is like any other form of credit except for this loan is exclusively intended for people who want to purchase a new or used car depending on the loan they apply for. Like all other forms of credit your credit score plays a major role in the interest rates you are offered. Even the cheapest auto loan companies online will offer you a higher interest rate if you have average or below average credit scores. This is why if you have been applying for an auto loan and everyone seems to be offering you a high interest rate the first thing you need to check is your credit report.

The truth is that the first step you should take before you even consider looking for an auto loan is to get a copy of your credit report and go over it. Your credit report is the deciding factor in terms of what auto loan companies will offer you.

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Cars are a necessary tool in our everyday life. But you can’t always get a car with your own money, so people go for loans. But if you can’t have any security deposit then also you have a solution. At first banks were pretty strict on lending money to people based on credit. But in recent times even for bad credit auto loans are quite popular. 

The consumers should have access to their credit. This actually ensures that the application will run smoothly. The clients are also asked to repay the banks in due time. They should also pay the monthly installments regularly and timely. Recently, the banks have formulated regulations for providing an auto loan to people with bad credit. The banks have decided to give the clients a basic rate independent of the clients’ credit history.

Along with that there will be a risk premium which on the other side would be decided by the bank. Now, this risk premium is determined by the bank after going through the clients’ credit history. This gives

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