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 Buyer’s remorse is a feeling of regret or anxiety after making a purchase. For homebuyers, it means they regret buying their house. People might feel homebuyer’s remorse if they come to believe they overpaid or dislike the location once they move in, for example. Careful planning and working…
Various characteristics in a bank can help customers feel safe and confident about keeping their money there. Four such pillars of trust include: Federal deposit insurance Financial stability Fee transparency Strong customer service These four pillars are necessary for one vital aspect of banking relationships: trust. In fact, nearly 16…
Key takeaways SBA loans have set maximum interest rates, making them a flexible and affordable business lending option. It can take 30 to 90 days for SBA loan approval and funding. Be sure to find an SBA lender with experience and volume in loan applications so you can have a…
Key takeaways A SIMPLE IRA is a retirement plan designed for small businesses, generally those with fewer than 100 employees. It works somewhat similarly to a 401(k), but employers are required to contribute to employees’ accounts. A SIMPLE IRA can be easier to administer than a 401(k), but it’s important…
Nicola Katie/ Getty Images; Illustration by Austin Courregé/Bankrate As of July 2025, Capital One announced the new Capital One SavorOne Rewards Credit Card*, not to be confused with the new Capital One Savor Cash Rewards Credit Card, which previously had the same name. Key takeaways As of August 2025, Capital…
Key takeaways Using a personal loan to pay off credit card debt can save money on interest and simplify monthly payments. Keep in mind that personal loans are still a form of debt, so it’s important not to rack up more credit card debt while paying off your personal loan.…
Private insurance companies typically review and update risk ratings for home and auto policyholders at least annually. When the Federal Emergency Management Agency (FEMA) implemented its first change to flood insurance risk rating in over half a century, it sparked a controversy. The new system for setting rates for properties…
Key takeaways Personal loans give you a predictable payment and can be funded quickly. They can help your credit score if used instead of credit cards. May keep you from depleting savings accounts or altering long-term savings goals. Average personal loan rates are more than 7 percentage points lower than…
Key takeaways A 5/1 ARM loan provides an initial fixed-rate period of five years, after which the interest rate adjusts yearly depending on current market rates. ARM loans have rate caps, a ceiling for how high your interest rate can go once the introductory fixed-rate period ends. A 5/1 ARM…
Key takeaways There are several types of mortgage refinance options, including rate-and-term and cash-out refinancing. The most common, rate-and-term, involves replacing your current mortgage with a new loan with a different interest rate, loan term or both. Some types of mortgages offer the option of a streamline refinance, which doesn’t…
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