Key takeaways Building credit can be daunting, especially if you’ve had bumps in your credit history. You can use AI to help you understand and spot errors on your credit report, negotiate and repay debt and improve your credit score. Once you have good or excellent credit, you’re more likely…
Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates fell this week, with the 30-year fixed rate averaging 6.38 percent, compared to 6.55 percent the previous week, according to Bankrate’s latest lender survey. Current mortgage rates Loan type Current 4 weeks ago One year ago 52-week average 52-week…
Image by GettyImages; Illustration by Bankrate Last week’s HELOC spike was short-lived. The average rate on a $30,000 home equity line of credit fell 80 basis points to 8.10 percent, back to the level it was two weeks prior, according to Bankrate’s national survey of lenders. The rise and fall…
Key takeaways The Capital on Tap Business Credit Card offers high credit limits, no annual fee, speedy approval and cash back rewards. The card is only available to businesses with good credit, at least six months of activity and a minimum yearly revenue of $30,000. While the rewards and credit…
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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 Grants can help Black female business owners bridge the funding gap Many grants are tailored to specifically help Black business owners and women business owners overcome racial biases Grants designed to help minority business owners overcome barriers are currently facing legal challenges Additional…
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When I finished graduate school, I had $72,000 in student loans weighing me down. But less than a year after graduation, I’d paid…
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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 While credit card companies technically have the ability to pursue your home for unpaid debt, it’s rare. A debt collector must go to court and get a judgment before it can place a lien on your home. There are limits and exemptions to how much of your home’s…
The Good Brigade/Getty Images Key takeaways The private mortgage insurance (PMI) deduction will be available again for homeowners in tax year 2026 — the first time since the end of 2021. The full PMI deduction will be available for homeowners earning less than $100,000 per year. Most borrowers pay mortgage…
Key takeaways You can get home equity loans on investment and rental properties, though they may be harder to obtain. To get this type of loan, you’ll usually need a stronger-than-average financial profile and substantial assets. A rental or investment property home equity loan could come with tax benefits, depending…
Air France and KLM’s joint Flying Blue program is part of the SkyTeam alliance and offers some of the cheapest international flights using miles. The program partners with five transferable rewards programs, making it easy to save up miles for an award flight. Network coverage: 5/5 Flying Blue has a…
Key takeaways The Amazon Prime Secured Card is geared toward cardholders with bad credit, so you’re required to put $100 to $1,000 down as a security deposit to get this card. Despite the security deposit requirement, this card offers unique benefits, like no annual fee with a Prime membership…
Artfoliophoto/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Mortgage recasting lets you reduce your mortgage payments and total interest paid over the life of the loan by making a lump sum toward your loan principal. When you recast a mortgage, your interest rate and loan term stay the same.…
Images by Getty Images/Illustration by Bankrate For many people, charitable giving often involves writing a check or donating online. But what if there was a way to weave your generosity into your retirement plan while generating income for yourself at the same time? Charitable gift annuities (CGAs) offer a strategic…
Key takeaways Business bank loans offer flexible terms and attractive interest rates. Businesses should expect longer waiting periods for approval and slower funding times when applying for a business bank loan. Types of business bank loans include term loans, equipment loans, microloans and lines of credit. Bank financing can be…
MoMo Productions/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Annuities allow you to grow your money on a tax-deferred basis. Some withdrawals from an annuity are taxable, and some are not. You can switch your annuity to another provider tax-free. Annuities are popular with retirement investors because they can offer an…
Key takeaways A 414(h) plan is a tax-advantaged retirement savings account that is offered to many government employees. These plans allow for tax-deferred growth and don’t have income caps, and because contributions aren’t counted as income, employees can avoid payroll taxes. However, they come with less flexibility for contributions and…
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