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 Crowdfunding for your small business allows you to fundraise money through individual investors interested in your project You can use different types of crowdfunding, including donation, reward, debt and equity crowdfunding Depending on the platform, you may or may not have to pay back the funds, or you…
Inflation under Trump and Biden reflects two very different economic backdrops. During Trump’s first presidency, inflation remained modest, with rates generally staying below the Federal Reserve’s 2% target. Under Biden, inflation surged beginning in 2021, influenced by supply chain disruptions, stimulus spending and rising energy costs. Forecasts for a second…
Citi is an advertising partner. For frequent American Airlines flyers, having a co-branded airline credit card can provide valuable perks and rewards within the American AAdvantage program. However, it can be overwhelming to determine which card is the best fit for your needs. American Airlines co-branded credit cards offer varying…
Charles Schwab and Robinhood are two of the most popular online brokerages, letting clients buy and sell stock, options, exchange-traded funds and more. Millions of people trust these names to help them access the market, track investments and research stocks, among other things. Charles Schwab has a long-deserved reputation as…
The Federal Reserve left interest rates unchanged for a fifth straight meeting, with policymakers stuck in a prolonged wait-and-see mode as President Donald Trump’s tariffs leave them wary of cutting borrowing costs too soon. The decision means the key interest rates that Americans pay to finance anything from a car…
Imagine a retirement where you never worry about running out of money. No more fretting over market fluctuations or questioning if your savings will last. Income annuities are often hailed as the solution to longevity risk — that is, the risk of outliving your money. They allow you to swap…
The house always wins in gambling, and soon it could feel like Uncle Sam does too. That’s because gamblers face what amounts to a tax hike beginning in 2026: They’ll no longer be able to deduct the full amount of their wagering losses. New rules included in the massive tax…
Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates retreated this week, with the 30-year fixed rate averaging 6.75 percent, compared to 6.76 percent the previous week, according to Bankrate’s latest lender survey. Current mortgage rates Loan type Current 4 weeks ago One year ago 52-week average 52-week…
When you score that great mail-in offer or discount, you might wonder: Do you have to pay taxes on rebates? The answer isn’t always straightforward. Generally, the IRS doesn’t consider most consumer rebates as taxable income. When a manufacturer’s rebate reduces the purchase price, that’s typically not a taxable event.…
Key takeaways Before redeeming points for flights, a little research can help you understand the basics. Numerous programs exist that make searching for award inventory easier, and some of them offer a free membership option. If you’d rather not invest time or money into research and tools, consider hiring a…
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