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Measuring Finances
Credit Cards
Assets vs. Liabilities

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Current Level:
Assets vs. Liabilities 2
Assets vs. Liabilities 3
Assets vs. Liabilities 4


In Scope Solutions, Inc. offers a variety of Consulting Services to help you grow your business, increase you productivity and reduce the time you need to spend in the office. We can help you achieve the state where you can focus on running and growing your business as opposed to fighting fires and doing the work yourself. From overhead reduction through employee training to IT Management services. We use tried and true methods to save you time, effort and money. Contact us and Give us a try.
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This and That:
Learning Financial Responsibility

Impact Of A “Home Equity Loan”

So you’re now all clear on asset, liability and equity and you’re thinking abut getting that advertised Home Equity Loan. Remember what equity actually is: it is the part of an object that you own. Once you’ve taken out that $90,000 loan the bank is offering you, how much are you worth? – NOTHING, zip, zero, zilch, niente, nada. Whichever way you want to say it, you don’t own your house or even part of your house anymore. The banks own it. And on top of it, you’ll pay interest on the money you sold your part of the house for. You will have to slowly build up equity in your house again by paying off the principal. – Judge for yourself but it doesn’t sound like a smart deal to me.

(read on ...) 

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