Do companies automatically deduct tax from your dividends?
Question by Steve C: Do companies automatically deduct tax from your dividends?
If you hold, say, shares in BP and they pay you a dividend of £500, do they automatically pay the tax on that for you?
And are the “tax credits” they give you with the dividend equal to this – what can one write these tax credits off against?
Best answer:
Answer by William C
You need to request the payer of the dividend to deduct any percentage you want to cover potential taxes. Or, you can have none deducted and pay at the end of the year.
What do you think? Answer below!
Categories: Credit Score Questions Tags: automatically, companies, deduct, dividends, from, think
When I got the score from one of those free services?
Question by Go with the flow: When I got the score from one of those free services?
It said this is a CE score used by lenders
What does the CE stand for?
I dug and found out that their (Quizzles) scoring model is completely different
They add Amount of Cash Flow to the formula
Which takes the amount of money you earn
The site asks you your salary, and I lied and put almost none and my score with them was disastrous.
They say they use a CE scoring model
Does the CE stand for the model used by mortgage lenders ?
What does it stand for?
Best answer:
Answer by timothy p
any score other than FICO is useless. The FICO name brand score is the one lenders use. It doesn’t include your income.
Your income will be considered in your ability to repay a loan but is irrelevant when considering how well you repaid loan is the past.
If you want your real score, go to myfico.com. They will charge for this score but it will be much more accurate. Keep in mind that some lenders give heavier weight to certain types of accounts so your score still may not match exactly. ex. My credit card company orders a custom FICO that gives heavier weight to how well I repay revolving accounts. A car loan may give heavier weight to how well you repay installment accounts… The only time I have had my FICO match exactly was at my credit union. The others were close though.
What do you think? Answer below!
How can your credit score keep you from getting a job?
Question by Martini: How can your credit score keep you from getting a job?
I heard on some commercial that a bad credit score can keep you from getting a loan, a car, and a job? How is this possible? Why wouldn’t someone hire you because of your credit score?
Best answer:
Answer by Michelle
Having a good credit score and history is one way of checking if you are responsible and reliable. A large company is not going to hire you to work in accounting if your own money management is a mess, plus they consider you a theft risk if you are hard up for cash. Not necessarily right, but it’s what they do. If you are missing car payments and in debt up to your eyeballs it doesn’t look good to them.
Know better? Leave your own answer in the comments!
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