Key takeaways Prepaid car maintenance plans cover scheduled and expected maintenance but not unexpected repairs. It is important to research and compare the cost of a prepaid maintenance plan to the estimated cost of scheduled maintenance to determine if it is worth the cost. These plans can be a good…
Americans have a total of around $1.16T in credit card debt in 2024 according to the Experian Study: Average U.S. Consumer Debt and Statistics. Achieving a debt-free life is a transformative journey that offers both emotional relief and financial stability. It allows you to experience peace of mind, greater control…
Key takeaways You can technically take out as many personal loans as you want, but having several can lead to cash flow issues. Applying for multiple loans in a short window can also temporarily lower your credit score. Alternatives to multiple bad credit loans include secured credit cards, government or…
If you’re looking to build your fortune, investing can be one of the best places to do it. While starting with $1,000 may not sound like much in the grand scheme of things, you can grow your money over time and create a better financial future for yourself and your…
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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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In dealing with the aftermath of a car accident, finally receiving the insurance claim check can be a major relief. Depending on your situation, you may receive a check made out to you, or you and a third party like your bank or leasing company.…
Dept Managmnt
Debt settlement is when you negotiate with creditors to reduce the amount you owe in exchange for a lump sum payment. It might…
Banking
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 A memo ordering a freeze on federal funding programs and services has been rescinded. The freeze did not include federal student loans or grants, and it’s unlikely Trump will pause this funding in the future. While announcements of major changes like this can be jarring, most require further…
On Jan. 2, 2025, the California Department of Insurance began accepting pre-application materials that would change how home insurance companies can price policies. Five days later, Los Angeles erupted in flames. The full scope of the damage is still being calculated, but insured loss estimates hover around $40 billion. If…
No one can predict the future direction of interest rates for certain, but some prescient economic prognosticators have been successful.Case in point: Just prior to the Federal Reserve’s announcement on Jan. 29 that it maintained its benchmark federal funds rate at a range of 4.25-4.5 percent, nearly all professional investors…
Investing as a young adult is one of the most important things you can do to prepare for your future. You might think you need a lot of money to start investing. After all, the average Gen Zer said they’d need to earn $200,000 a year to feel financially comfortable,…
Key takeaways ACH transfers and wire transfers are both types of electronic funds transfers (EFTs). ACH transfers are typically free but may take a couple of days to process, while wire transfers are faster but can be more expensive. There are alternatives to ACH and wire transfers, such as peer-to-peer…
Key takeaways When comparing checking accounts, it is important to understand monthly fees and other benefits of each account. Opt for a checking account that offers FDIC insurance and has minimal or no fees. Beyond that, choose an account that offers perks based on your preferences, such as a sign-up…
Cryptocurrency has changed the financial landscape in a big way, and that’s affected estate planning, too, the process of allocating your assets to your heirs after you pass away. Experts say that while crypto hasn’t changed the principles of estate planning — after all, you still want to distribute your assets…
Key takeaways Prioritizing loan payments in your business budget will help avoid delinquency or default Adjusting your plan based on actual revenue and expenses can help with managing your loan throughout the repayment term Making extra payments can help repay the loan early, but beware of prepayment penalties You did…
FG Trade Latin/Getty Images Key takeaways M&T Bank offers a variety of auto loans that could be a good fit for you if you’re a non-military member. A USAA auto loan may be best for military members and qualifying family members seeking a lender with competitive rates. If you’re a…
Key takeaways Working capital loans are a type of short-term business loan that can help businesses cover immediate costs like payroll, inventory or rent Working capital loans offer fast funding and can have relaxed eligibility requirements, but they have small loan amounts and short repayment terms with frequent payments Interest…
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