Mary N. asked: I have been offered a personal loan from a company that communicates to me from Toronto Canada, however, they say their home office is in New Hampshire. I can’t find a listing for them in the states anywhere. First, they told me I had to pay for an insurance policy in case [...]
ecemajor asked: We had two personal loans this year totaling around $8,000 with interst of about 800. Is this tax deductible?Harold
gabyrig asked: If you get a conventional mortgage, your interest is tax deductible. If I take out a personal loan to buy my primary residence, can I deduct interest from that personal loan when I file my taxes? Thanks.Wilma
Jan R asked: I loaned a friend some money several years ago to help start a business, and the business failed and I was not repaid for the loan. I also, the same year, had losses from other investments (in the stock market). My understanding is that I can only deduct $3000 in investment losses [...]
MLE asked: I had a federal student loan which I consolidated about 8 years ago to someone who eventually sold that loan to Citibank. I pay about 8.35% in interest. I am considering paying off that student loan with a personal loan where I can get a better interest rate. If I do this will [...]