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,…
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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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Key takeaways The Alaska Airlines Mileage Plan program is an exceptional choice for anyone who regularly flies to or from the West Coast. Mileage Plan boasts a vast partner network of airlines, hotels, rental car companies and everyday shopping sites — all of which can help you earn miles more…
Key takeaways Cosigning means you are responsible for covering payments if the main borrower cannot, but you do not have any legal rights to the car. Co-owning means both parties have equal ownership and financial responsibility for the car. Both cosigning and co-owning can significantly impact your credit scores, either…
Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Airlines Federal Credit Union, American Express National Bank, Apple Bank, Arvest Bank, Axos Bank, Banesco USA, Bank of America, Bank of Hope, Bank5 Connect, BankPurely, BankUnited Direct, Barclays Bank, Bask Bank, BMO Alto, BMO Bank, Boeing Employees’ Credit…
If you’re sitting on $1.2 million in a traditional IRA and expect to receive $2,000 per month from Social Security, you may be wondering if that’s enough to retire at age 67. The answer, as always, depends on several factors, such as how long you expect to live, how much…
Key takeaways Subprime borrowers are charged nearly $3,400 more than others on average for essential financial products each year, a new Bankrate study finds. The subprime tax costs at least 4 percent of annual income for a typical American household with low credit. The subprime tax affects roughly 1 in…
Key takeaways It’s possible to secure a competitive auto loan rate following bankruptcy, but it will be more challenging due to the negative marks on your credit report. To get the best possible auto loan, work on improving your credit before you apply. You may receive better rates by making…
Key takeaways The process of selling a house can take quite some time, so it’s important to plan ahead and stay organized. Start by setting a timeline to keep to and teaming with a local real estate agent who knows your market well. Be sure to take high-quality listing photos…
Key takeaways A principal-only car payment is an extra payment that is applied to your auto loan balance when there is no interest due. Lenders may not automatically apply extra payments to the principal, so you might need to make a specific request. Making principal-only payments can help you pay…
Key takeaways It’s important to prioritize your financial goals and make a plan for your bonus money before it arrives. A bonus can be a great opportunity to pay off debt, contribute to retirement accounts, or invest in an index fund. Using your bonus for self-improvement, such as learning a…
Key takeaways Inform your card issuer before your trip, so your card spending won’t be flagged as suspicious. Make sure to take more than one card with you and choose cards that offer travel rewards and benefits — and no foreign transaction fees. Stay alert, watch out for card skimming…
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