Key takeaways Allowing team members access to your business checking account can help delegate tasks, but it also introduces potential risks. Set permissions based on job functions to minimize exposure and limit access to your business checking account by authorizing only trusted individuals Never share your username and password. Instead,…
High-yield dividend funds are an attractive way to invest. You get what can be a highly stable payout from a diversified collection of securities. The best high-yield exchange-traded funds (ETFs) can offer a growing payout year after year, making them a great way to generate passive income. (If you’re looking for…
Key takeaways It’s fine to get rid of monthly mortgage statements, but you should keep all your mortgage documents, including proof of title insurance and the promissory note, until your loan is paid off. Having your mortgage documents handy can be beneficial when filing home insurance claims, calculating capital gains…
Nikola Stojadinovic/Getty Images. Key takeaways The SBA created a program licensing Community Advantage Small Business Lending Companies (CA SBLCs) to provide a permanent solution to the lack of accessible traditional small business loans in underserved communities The CA SBLC program is built on a pilot program of the same name,…
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Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
The Covid pandemic crushed immigration and demand for Nova Credit’s tech. Then its founder discovered a second line of business.…
A perfect storm is brewing for millions of federal student loan borrowers, who may experience dramatic increases in their monthly…
As the Biden administration exits Washington, President-elect Donald Trump inherits a federal student loan system that looks much different than…
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Image by mbogacz/GettyImages/Illustration by Hunter Newton/Bankrate Key takeaways A construction-to-permanent loan finances the construction of a house and converts to a mortgage on completion. Construction-to-permanent loans only require one round of closing costs compared to construction-only loans, but require a down payment. With a…
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Key takeaways Governments often borrow money to cover deficits when taxes and other revenues don’t cover expenses. The national debt is the total…
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F or private financial technology companies, last year was a quiet one for fundraising. Fintechs raised $34 billion in 2024, down from $42…
Credit Cards
Key takeaways The Southwest Companion Pass is attainable by using Southwest credit card welcome bonuses to meet the 135,000-point requirement. Applying for a…
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Key takeaways Acts of God are natural events or acts of nature that usually can not be predicted or controlled. Car insurance covers acts of nature through comprehensive coverage. Accidents caused by sliding on ice, wind or hydroplaning are not considered acts of God. Imagine it’s a dark and stormy…
Key takeaways Credit cards typically offer more value in perks and benefits than just points, miles or cash back. Top travel credit cards come with perks like airport lounge access, airline companion passes, lost baggage coverage, complimentary upgrades and statement credits for travel expenses. Everyday shoppers can also benefit from…
Key takeaways Many pet insurance companies have started using the term “complementary treatments” to to describe what was referred to as “alternative therapies” and “holistic treatments.” Pet insurance coverage for alternative therapies is becoming more common thanks to increasing demand for holistic treatments. Several top pet insurance companies cover alternative…
Key takeaways Your monthly auto loan payments should not exceed 10 to 15 percent of your take-home salary. New and used vehicle prices have remained high over the last few years, and experts predict that they are unlikely to decrease significantly in the near future. To secure the best deal,…
Key takeaways A private party loan allows you to finance a vehicle purchased from a vehicle owner rather than a dealership. Private party auto loans are less common than other financing options and tend to have higher interest rates, but they can save you money because private sellers tend to…
Key takeaways To ensure that you purchase a used vehicle you can truly afford, make a budget and stick to it. Many experts advise not to spend more than 20 percent of your take-home pay on monthly vehicle costs. Buying a certified pre-owned (CPO) vehicle is an excellent option for…
Key takeaways Home repair grants can give you money to improve your house — but they usually come with strict eligibility requirements. Grants for home improvements often come from federal or state agencies. You can only use a grant for home renovations that make your property safer or more accessible,…
Key takeaways It may be difficult to obtain a new loan after you enter a debt management plan, especially if you charge off some of your current debt. Many creditors report the details of a debt management plan to credit bureaus, which may impact your ability to qualify for a…
Small-business owners are integral to the fabric of the U.S. economy, generating millions of jobs and providing identity to the communities they serve. Small businesses have generated 12.9 million net new jobs over the past 25 years, which accounts for two-thirds of the jobs added to the economy, according to…
Your home, renters and condo insurance policies all include coverage for your personal belongings. Called “Coverage C,” your personal property insurance limit is usually around 50 to 70 percent of your total dwelling, or “Coverage A”, limit. For insurance, if you have a $300K dwelling policy for your home, you…
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