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 Requesting a credit limit increase can have both positive and negative impacts on your credit score. If you request the increase, expect the issuer to conduct a hard credit inquiry. If the issuer gives you an automatic increase, only a soft inquiry, if any, will be performed. …
Key takeaways The Bank of America travel rewards program can be lucrative and flexible, but the specifics of how you’ll earn points in this program depend on which credit card you sign up for. You can redeem most Bank of America travel rewards points for eligible travel purchases, cash back…
If your newer car is totaled in an accident, gap insurance can help cover the difference between what you owe on your loan and what your insurance pays out — potentially saving you thousands out of pocket. This type of coverage is especially relevant today, as rising vehicle prices, high…
It’s understandable to feel envious of people who live in states with low or no income taxes. After all, after paying federal taxes, state income taxes take another swipe at your bottom line. But if you’re comparing places to live, look at the big picture and consider other local taxes,…
dragana991 / Getty Images Key takeaways There is no federal maximum interest rate for auto loans. Whether you receive a high interest rate is based on factors such as your credit score, the vehicle you purchase, the terms of your loan and the state where you are financing the vehicle.…
Dependent life insurance is a type of life insurance you may not have encountered, but which could be good to investigate. Life insurance is designed to provide financial resources in the event that the insured person — often the policyholder — dies while the policy is in force. Dependent life…
Maria Korneeva/ Moment/ Getty Images Store credit cards have some advantages over general-purpose credit cards. They’re often easier to qualify for, which is handy if you’re working to establish your credit. You can also earn extra rewards and benefits at the places you shop at the most. The downside is…
Key takeaways HO-3 insurance is the most common type of home insurance policy. Standard HO-3 policies provide coverage for your home’s structure, contents, liability, medical payments and additional living expenses. Standard HO-3 policies exclude damage from flooding and earthquakes, but coverage may be available through endorsements or standalone policies. It’s…
ALotOfPeople/Getty Images Key takeaways Private credit has become a popular investment, as investors seek out above-average returns. Private credit allows investors a way to buy into off-market loans that they might not have been able to access before, offering an alternative investment that could diversify their portfolios. However, private credit…
If you have life insurance but no longer need the coverage, or you are looking for ways to make some cash, you may be wondering if you can sell your life insurance policy. Fortunately, selling a life insurance policy is possible, although the amount you receive will vary based on…
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