Delmaine Donson/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Lengthy credit card balance transfer offers can mean the difference between paying hundreds in interest and paying nothing at all. Balance transfer cards with 21-month intro periods can help you pay off debt, but they carry few benefits beyond the…
Roth IRAs are known for tax-free growth and distributions in retirement. However, inherited IRAs come with their own rules and limitations that can complicate the picture. Whether you can convert an inherited IRA to a Roth IRA depends on both your status and current IRS guidelines. By understanding IRS law,…
Key takeaways Credit card fraud is on the rise, but there are many systems in place to protect your identity and your finances. The Fair Credit Billing Act limits liability to $50 if you report the fraudulent charges within 60 days of receiving your statement. Many credit card companies offer…
Key takeaways Understanding what not to say when selling a home can help you maintain bargaining power and secure a higher price. It’s best to let your real estate agent do the talking when possible, to avoid revealing information that might negatively impact the sale. However, there is some information…
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Key takeaways Since lenders require you to repay a personal loan, they are considered debt and not taxable income. If a lender forgives some or all of your loan, you may have to pay taxes on the forgiven amount. The IRS allows taxpayers to deduct interest on personal loan funds…
Image by GettyImages; Illustration by Bankrate Key takeaways Pay-for-delete letters are one possible solution to resolving blemishes on your credit report. You will need to verify that the debt is yours, that the balance is current and correct, and which company or collection agency you owe. After confirming the details…
Key takeaways Secured and unsecured loans can be obtained from a bank, credit union or online lender. Secured loans require collateral but can get you access to a larger sum of funds. Unsecured loans do not require collateral. The amount and rates you’re eligible for are based on your creditworthiness.…
The Big Beautiful Bill Act (BBB) will reshape how Americans repay student loans, but the Trump Administration’s landmark legislation is also expected to affect how we pay for nontraditional higher education. The BBB’s new version of the Pell Grant, dubbed the “Workforce Pell Grant,” will be available July 1, 2026.…
Key takeaways A lien serves as legal notice that you owe a creditor for an unpaid loan. Liens are not just associated with unpaid debt — they can result from defaulted property taxes, contractor claims against your home, unpaid HOA dues or judgments. Lenders typically use liens as a collection…
Joe Schmelzer/Getty Images Key takeaways A loan modification is a long-term mortgage relief option for borrowers experiencing financial hardship, such as loss of income due to illness. A modification typically changes the loan’s rate, term or both to make monthly payments more affordable. If you’re seeking to modify your mortgage,…
MoMo Productions / Getty Images Key takeaways A business credit card is designed to support small business owners and entrepreneurs and help them keep business spending separate from personal spending. These cards typically offer higher credit lines, lucrative rewards and business-related perks — including additional employee cards. However, these cards…
Jordi Salas/ Moment/ Getty Images Key takeaways You’ll want to choose a credit card that will be widely accepted at your destination, with capabilities for contactless or chip-and-PIN transactions. You can save money by going with a card that doesn’t charge foreign transaction fees and offers travel insurance protection. You…
Key takeaways Home improvement loans provide homeowners with quick funding and flexible repayment options. The best home improvement loan rates are reserved for borrowers with good or excellent credit, while rates for borrowers with bad credit can be high. Home improvement loans can build your credit and increase the value…
Key takeaways Personal loans are best for one-time, fixed expenses, while personal lines of credit are best for ongoing financing needs or purchases that require flexibility. Both options offer lower average interest rates than credit cards for borrowers with good credit. Repayment terms depend on how much you borrow and…
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