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 Borrowing is only available on permanent life insurance policies, such as whole or universal life, not on term policies. Borrowing from your life insurance policy requires no credit checks or approvals, making it simple and hassle-free. If not paid off, interest will accumulate over time, and any unpaid…
Option trading can deliver tremendous profits, but the flip side of those gains is the potential for tremendous losses, since option trading is a zero-sum game. Those who are just getting started with options need to be particularly careful, because option strategies can be complex. Options offer what often looks like…
I found it funny — and a bit scary — when I noticed Halloween decorations on the shelves beside the back-to-school section of the local grocery store last week. The ghosts and goblins smiled mockingly at me, reminding me of the days when I experienced the horror of another school…
Whether you are in the market for buying or selling a car, or you’re just curious about how much your vehicle is worth, it’s helpful to understand how to calculate car value. It may take a little research to find an accurate price, but there are multiple online resources that…
Key takeaways Overheated pandemic housing markets are cooling fast, particularly across the Sun Belt, according to Bankrate’s 2025 Housing Heat Index. Four of the five coldest housing markets this year are in Florida, including Cape Coral-Fort Myers, Punta Gorda, North Port-Sarasota-Bradenton and Naples-Marco Island. The five hottest housing markets in…
Key Takeaways The Wells Fargo Active Cash® Card offers unlimited 2 percent cash rewards on purchases, making it one of the best flat-rate cards available. This card also features an easy-to-earn welcome bonus, a cellphone protection benefit and introductory APR offers on both purchases and qualifying balance transfers. You’ll also…
Key takeaways You’re more likely to secure a personal loan despite a low income if you apply for a smaller loan amount, apply with a cosigner or work with an online lender. Check your budget and ensure you can afford your monthly payment because defaulting can damage your credit score.…
Key takeaways To get your student loans discharged in bankruptcy, you’ll need to prove that they cause you “undue hardship.” Borrowers can choose between Chapter 7 and Chapter 13 bankruptcy, but they must file a separate adversary proceeding for student loans. The new processes established by the Department of Justice…
10’000 Hours/Getty Images Key takeaways You can log into the Federal Student Aid website to identify what type of loans you have. Federal student loans are distributed by the federal government and are serviced by lenders assigned by the Department of Education. Major changes are coming to federal loans starting…
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