Key takeaways Defaulting on a business loan can have severe consequences, including damage to credit scores, potential seizure of assets and legal action from the lender It is important to understand the difference between default and delinquency and to take steps to avoid default whenever possible Options for avoiding default…
Key takeaways Saving for a house while also paying rent is challenging, but there are specific things you can do to help reach your goal. Different types of mortgages have different down payment requirements, and a full 20 percent of the home’s price may not be required. In addition, assistance…
Key takeaways Compared to other types of lenders, banks may offer larger loan amounts and lower rates Banks typically require a credit score of at least 670 for a small business loan Bad credit and subprime borrowers may have better luck applying for a loan with online or alternative lenders…
Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30% from 2023, according to a person familiar with its finances. The San Francisco company wasn’t profitable for the year, but it lost less than $50 million, the person said. That…
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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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Key takeaways Hilton Honors is the hotel loyalty program associated with the Hilton brand. Hilton Honors members can earn and redeem points at more than 8,000 properties around the world. There are many ways to earn Hilton Honors points, including paid hotel stays, spending with…
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…
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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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Image by Getty Images; Illustration by Bankrate The top of the year is the time to set goals, get organized and get your ducks in a row for the coming year — especially when it comes to your money. A financial checklist can help you stay on task, and an…
Gold prices surged in 2024, rising 26 percent, narrowly beating the S&P 500’s return of 25 percent and leaving investors wondering if there’s more room to run or if it’s time to sell. The arrival of President Donald Trump’s second term also brings questions about the impact of tariffs on…
Key takeaways A budget is a financial plan that helps you manage your finances, so you know exactly how much you are earning, spending and saving. Having a budget helps you meet financial obligations such as paying your bills, preparing for any unplanned expenses and meeting your savings goals. Budgeting…
Catherine Ledner / Getty Images Key takeaways Military car loans offer several benefits, including easier and faster approval, as well as lower interest rates. Car purchases are more affordable since military car loans often require a smaller down payment or no money down. Like any car loan, defaulting on a…
Early retirement isn’t exclusively for the rich. Many people, particularly followers of the FIRE movement — short for Financial Independence, Retire Early — use a couple of key calculations to determine how much money they need to sustain an extended stay in retirement, which can begin years or even decades…
A slew of new tariffs and trade rules imposed by President Donald Trump have left world leaders, businesses and consumers in a state of surprise and uncertainty. The new administration recently imposed tariffs on Canada, China and Mexico, the United States’ three largest trading partners. Trump’s tariffs have the potential…
Key takeaways Car-lease incentives can help make leases more affordable. The three main types of lease incentive programs are lease cash, subsidized interest rates and subsidized residual values. You may have to watch out for balloon payments at the end of the lease and state taxes on incentives. If you’re…
After a big increase in housing prices over the past few years, it appears that the market has cooled. With mortgage rates soaring recently, it’s more difficult for investors and would-be homeowners to finance their investment property. While selecting a great investment property is difficult enough on its own, once…
If you’re a United States citizen living or planning to move outside of the country, you may be wondering what credit card is best to use in your new destination. There are many important factors to consider, including foreign transaction fees and rewards structures that will give you the best…
Key takeaways Small business tax deductions help you lower your taxable income, which may lower what your business owes You can claim business deductions for utilities, rent, insurance, interest on a business loan, equipment and more You can’t claim deductions for every business expense, including entertainment, charitable contributions or personal…
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