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 A business credit card can help companies streamline their cash flow so they can expand their operations and continue to grow. To keep your business and personal finances separate, you may not want to apply for a business credit card with your Social Security number (SSN). Depending on…
An Employee Stock Ownership Plan (ESOP) gives employees an ownership stake in the company. It does this at no direct cost by allocating shares of company stock to their retirement accounts. In contrast, a 401(k) allows employees to save and invest a portion of their paycheck. These plans often offer…
Kentaroo Tryman/Maskot/Getty Images Key takeaways Both the Capital One Savor Student Cash Rewards Credit Card and Discover it® Student Cash Back are good options for students who want to build credit and earn rewards. The Capital One Savor Student Cash Rewards Credit Card is great for those who spend more…
hobo_018/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways The mortgagor is the person or entity who borrows and pays back a mortgage loan. If you’re getting a mortgage to buy a home, you’re the mortgagor. The mortgagee is the lender, such as a bank or credit union. This is the entity…
Key takeaways Pet insurance has three plan types: accident-only, accident and illness, and wellness and preventive care. Deductibles are upfront costs, while reimbursement rates determine how much the insurance pays back. Owners usually must submit claims to be reimbursed for covered vet expenses. Understanding the claims process and how pet…
Image by Getty Images; Illustration by Bankrate Key takeaways Companies needing quick cash to cover an expense or take advantage of an opportunity should consider fast business loans. Fast business loans can be approved in as little as 24 hours. Fast business loans may not have the best terms and…
As a certified student loan counselor, I’m often asked if there are any quick fixes or secret hacks to getting rid of education debt overnight. (Spoiler alert: There’s not.) There are, however, ways of “working the system” in a perfectly legal fashion. So, when I sought to catalog legitimate loan…
Key takeaways A customized budget template helps you make better business decisions. You can use free spreadsheet tools or paid accounting software to create your template. Budgets allow you to track monthly, quarterly, and annual changes to your income and expenses. Make sure you regularly review this document so it’s…
Key takeaways A purchase agreement is a legally binding contract that spells out the details of a real estate transaction. Homebuyers and sellers typically sign a purchase agreement shortly after negotiating the final sale price. Most include contingencies that must be met in order for the deal to proceed, such…
Key takeaways Fast business loans offer rapid funding, often in one to three business days. Business lines of credit, business credit cards and merchant cash advances can be considered types of fast business loans. Having a high credit score, a solid revenue stream and being an established borrower with your…
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