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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Key takeaways Federal loan borrowers lose government protections when refinancing, making it a bigger trade-off Autopay discounts offer an easy way to cut rates without changing loan terms Cosigners remain responsible for loans even after refinancing Tens of millions of Americans have borrowed money to pay for college. If you…
$100,000 bodily injury liability per person $300,000 bodily injury liability per accident $50,000 property damage liability per accident $100,000 uninsured motorist bodily injury per person $300,000 uninsured motorist bodily injury per accident $500 collision deductible $500 comprehensive deductible 250/500/100 level: $50,000 bodily injury liability per person $100,000 bodily injury liability…
Key takeaways Nonstandard car insurance is insurance for drivers who present a greater risk to insurers, making it more expensive than standard insurance. New drivers, those with poor driving history, a lapse in coverage or a foreign driver’s license could be considered high-risk drivers. Shopping around with multiple carriers may…
Key takeaways Diminished value is the difference between your car’s value before an accident and after, even if it’s repaired. Filing for a diminished claim may help you earn back some of your car’s lost market value after an accident. You’re unlikely to be successful in a diminished value claim…
Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Agreed value insurance policies aren’t common, but they are most often used to insure classic or antique cars whose estimated market value can’t easily be determined. To purchase an agreed value policy, you will have to provide a statement of property…
Key takeaways A car insurance premium is money you pay to your insurance company in exchange for an active insurance policy. Car insurance providers calculate personalized premiums based on your risk of filing a claim, considering factors like your driving profile, vehicle, location and more. Shopping for quotes, applying for…
Key takeaways Payday loans are a form of predatory lending with exorbitant interest rates and short repayment periods, making them a risky option for emergency cash. There are safer alternatives to payday loans, such as taking out a personal loan, using an advance or opening a 0% APR credit card.…
Key takeaways A refinance appraisal is part of the underwriting process for a new mortgage. Appraisers consider various factors, including the size, layout, improvements and location of your home. Many lenders will not approve a refinance without an appraisal. When refinancing your mortgage, your lender may want to have a…
With the economy on many Americans’ minds, you may have questions about two hot topics and how they’re related — tariffs and credit card debt. Recently, President Donald Trump announced tariffs ranging from 10 to 41 percent on imports from dozens of countries, the latest in a flurry of tariff…
Dividend stocks are a popular way for investors to generate income, especially retired investors who need reliable cash flow. While most dividends are paid on a quarterly basis, some companies make their payouts monthly, and many investors like the greater frequency, in part because it can help them structure their…
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