Key takeaways With debt forgiveness, creditors pardon some or all of your debt. Various types of debt may qualify for forgiveness. Debt forgiveness can offer relief from overwhelming financial burdens, but it does have downsides. Debt forgiveness is only one option for managing difficulties with repayment. Struggling with debt can…
Personalization is a hot topic in the marketing world. This is playing out in the credit card space in multiple ways. Here’s what you need to know, and how you can use this trend to your advantage. Have a question about credit cards? E-mail me at [email protected] and I’d be…
Key takeaways Financial and personal documentation provides lenders with the assurance and confidence you will pay off your loan. When you apply for an auto loan, gather any necessary paperwork, like proof of income and employment, to make sure the process runs smoothly. You will need specific vehicle and insurance…
Key takeaways In a Chapter 7 bankruptcy, creditors can seize certain assets to repay the debts you owe. However, exceptions allow debtors to retain some of their assets (or at least part of the asset’s value). Chapter 13 bankruptcy is more about restructuring debts than forfeiting assets. Under Chapter 13…
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The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
If a society is going to make intelligent choices in policy, it helps to understand reality, which includes facts and…
New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit…
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Key takeaways If you have a FICO score below 580 or a VantageScore credit score below 600, you have poor credit. You can still get access to a credit card with a score in this range, but your options will be limited. Credit cards for…
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Key takeaways A divorce decree outlines which spouse is legally responsible for each debt after the divorce is completed. States either have community…
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When it comes to selling coconut water to the health obsessed, New York’s Vita Coco has served up a master class, schooling even…
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Key takeaways If you’re looking for an entry-level travel card, the Discover it® Miles and Bank of America® Travel Rewards credit card are two strong options. Both cards offer a flat 1.5X miles or points on every dollar spent with no annual fees and no foreign transaction fees, plus solid…
Annuities can be a solid tool for generating guaranteed income in retirement, but they’re not for everyone. Despite promises of financial peace of mind, annuities come with some big trade-offs. They’re complex, often expensive and restrict access to your funds. Before you tie up your money potentially for decades, it’s…
Florida drivers with marks on their license may be required to carry SR-22 insurance in order to be legal while behind the wheel. Despite the name, an SR-22 isn’t actually insurance itself, but rather is a certificate that states that you have the appropriate amount of insurance coverage. Your carrier…
For millions of aging adults, finding a practical, reliable way to fund long-term care is one of the biggest challenges of retirement planning. The options aren’t great. Many people assume Medicare will handle it — it won’t. Medicare, which typically starts at age 65, only covers costs at nursing homes…
Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways If you’ve had no offers, or solely lowball offers, it’s possible that buyers see your house as overpriced. Similarly, if your home has been on the market for longer than the local average, buyers may be seeing better value elsewhere.…
Image by GettyImages; Illustration by Bankrate Home equity rates are on an upward course again. In the most recent week, the average rate on a $30,000 home equity line of credit (HELOC) rose 13 basis points to 8.27 percent, close to the highest level we’ve seen since the beginning of…
Some short-term Treasury ETFs beat money-market funds. Here’s a sortable list. Brokerage firms are short-changing customers with their money-market funds, says one angry commentator. Gosh. These brokers deliver a lot of terrific service for free (custody, trading, research). How are they supposed to pay for it all? Instead of grousing,…
For the fifth straight year, Forbes is partnering with market research firm Statista to rate insurance companies in the United States. But we need your input to do it. We want to hear about your experiences with your insurance provider—or a provider you’ve worked with in the past—to help us…
Frazao Studio Latino/Getty Images The Roth IRA is a unique type of investment account that offers every future retiree’s dream — the prospect of tax-free income after reaching retirement age. Like any retirement account, however — and really, anything that has to do with the Internal Revenue Service (IRS) —…
Ahead of its next interest rate decision on June 18, Federal Open Market Committee members are now in a blackout period. This limits public comments on monetary policy. Recent speeches suggest that June’s meeting will result in holding rates at their current 4.25% to 4.5% level. The CME FedWatch Tool,…
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