Credit Check Facts

Question by tevans1947: I have a tax voucher from an English company that includes "tax credit". Does that mean tax withheld?

Best answer:

Answer by notmarriednochildren
The UK has a partial imputational tax system that means that shareholders get a notional 'credit' for the corporation tax paid on the profits of the company.

The amount paid to you is 90% of the dividend due to you. This means that 10% is already deducted by the company paying you the dividend.

Because a dividend is a distribution of the profits the company has already paid tax on dividend income is taxed at 10% to the shareholder if they earn less than £33k. It is taxed at 32.5% for those with an income of over £33k. The 10% tax credit means that the tax has already been paid by lower earners and for higher earners it is offset against the 32.5% income tax leaving only 22.5% to pay on the gross amount. The gross amount of dividend is calculated by 1/9 x amount of dividend income.

Hope this makes it clear.

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Question by ∞boomstika∞: Has any body bought a vehicle from Eastern Moters "where your job is your credit"?
If so was it a good experience and what did they check for to qualify you for a vehicle ?

Best answer:

Answer by allansc2005
ANYTIME you buy a used vehicle,spend a few extra $ $ $ and take it to a GOOD mechanic BEFORE buying.

IF the dealer doesn't like the idea,move on.

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Question by bean: For you accounting folks, where did the words "debit" and "credit" come from?

Best answer:

Answer by CYBERELITE
Latin roots. Almost every english word comes from latin. latin is the foundation of almost every language.

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Question by Dr Yes!!!: Since the word "Credit" comes from the Latin "Credo"?
Which means "I believe". Then isn't that further evidence that money is the one true god?

Best answer:

Answer by Brother Wind
I believe that you mean the word creed comes from the Latin "credo"

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Question by The Marvelous Mad Madame Mana: "Bad credit" from applying for multiple credit cards?
Say you apply for a Wal-Mart credit card multiple times, though you know you'll probably be declined because you only have a little bit of credit... could something like that contibute to "bad credit"?
i've only had my capital one card for a few months, and i've applied [for special offerers and such] for 2-3 other cards and have been denied.
i just over heard the butt-end of a conversation about this and wanted to know if it was true or not.

Best answer:

Answer by trdconsult
Yes, recent inquiries do negatively affect your credit. The impact is marginal, but multiple inquiries will hurt more. I've seen this happen with people trying to buy a car, and going through the application process at multiple dealerships. After 4-5 attempts, they start getting denials and don't understand why.

Look at it from the lender's standpoint. When a creditor extends credit to you, they want to be reasonably sure that you can pay them back. But if they know there are 3-4 other lenders out there also considering offering you credit, that fifth lender will be reluctant until they have more details about the commitments you'll be making to those other companies.

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