Key takeaways Loss of use reimburses expenses incurred when your home is uninhabitable after a loss. Elective renovations and general maintenance are not covered by loss of use. Pet boarding, parking fees, moving expenses and laundry services are just a few of the expenses loss of use may cover. If…
Illustration by Grant Crowder/Bankrate Key takeaways To find a mortgage lender, first take stock of your finances and decide what type of mortgage you need. You can compare rates and fees by getting a preapproval from at least three mortgage lenders. There are six main types of mortgage providers: direct…
Photography by Getty Images Key takeaways FICO and VantageScore credit scores span from 300 to 850. The higher your score, the more likely you are to secure loans, credit cards and financing options with better terms and lower interest rates. Different factors are considered when calculating your credit score, including…
As a personal finance journalist and a credit counselor, people often ask me for credit card advice. And I’m happy to give it! But I find myself sharing the same set of basic facts because they’re helpful for so many people. And then it dawned on me: Credit cards can…
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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 Both charge cards and credit cards allow you to make purchases that you can pay off at a later date. Credit cards allow users to carry a balance from month to month, but those balances are usually subject to credit limits and interest…
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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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Images by GettyImages; Illustration by Bankrate The Consumer Financial Protection Bureau (CFPB) reported in June that buy now, pay later (BNPL) plans, the four-payments-in-six-weeks loan you can find from many online retailers, aren’t causing repayment struggles or financial distress for first-time borrowers. That’s a huge sigh of relief — and…
If you have a retirement account, you are probably wondering, does a 401(k) reduce taxable income? The short answer is yes, contributing to a traditional 401(k) plan does indeed reduce your taxable income for the year of contribution. When you make contributions with pre-tax dollars, the money goes into your…
When reviewing your auto, home, condo, or renters insurance policy, you may come across two similar but distinct terms: “additional insured” and “additional interest.” This guide from Bankrate breaks down the differences between an additional interest and an additional insured, including how each designation affects your coverage. What is additional…
Car insurance coverage for first-time drivers often comes with high premiums — especially for teenagers — due to statistics that show riskier driving behaviors and accident outcomes. However, by comparing quotes, exploring available discounts and selecting the right provider, you can uncover the most affordable insurance options. How much is…
PhonlamaiPhoto/Getty Images; Illustration by Issiah Davis/Bankrate The artificial intelligence (AI) boom has investors wondering how they can benefit from what some experts believe is the next revolutionary technology. AI has the potential to dramatically change how we live and work on a daily basis. AI ETFs are one of the…
ArtistGNDphotography/Getty Images Protecting your crypto is about more than avoiding the most common scams — it’s also about making sure your accounts are locked down properly to limit the risk of your coins and personal information being stolen. Weak passwords, reused email addresses and not activating two-factor authentication (2FA) are…
Most of us know how to use our credit card to make purchases, but not everybody knows how to get cash from a credit card at an ATM. When you use your credit card to request a cash advance, you can withdraw money from your credit card and use it…
Zero-day options have increasingly become a trading strategy for “go-for-broke” retail investors. But despite that fancy name, zero-day options are regular options with just one day until expiration. Because of this, zero-day options can act like options on steroids. The right options could soar thousands of percent on their last…
Skyhobo/ Getty Images; Illustration by Austin Courregé/Bankrate If you’re in the market for a home, affordability is likely top of mind — perhaps now more than ever. The record-high home prices of recent years have led to record-high monthly mortgage payments as well, according to data from Redfin. While the…
Key takeaways Betterment provides a broader range of investment options. Fidelity charges less to manage smaller accounts. Both Betterment and Fidelity Go offer tax strategies, though they vary widely. Fidelity might appeal to current Fidelity customers, new investors or those seeking simplicity, while Betterment could suit more advanced investors. Betterment…
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