Key takeaways Getting approved for a credit card can be a fairly quick process — sometimes taking just seconds. But other times, it can be slower, with issuers making you wait up to 30 days. Once approved, you’ll typically receive your card within a week, though some issuers may send…
Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways Overdraft fees are down slightly after increasing the previous year. The average fee is now $26.77, down 1 percent from the previous year. If you regularly incur high monthly maintenance fees, ATM fees and receive low interest rates on deposits,…
DW labs Inc./Shutterstock Key takeaways Wire transfers can be an expensive way to send money, costing the average consumer $27 and $44 for domestic and international outgoing wires, respectively. Your bank might charge you for incoming wire transfers. It can cost less to initiate an outbound wire transfer on your…
Key takeaways There is no right number of credit cards to own, but in general, most people should consider having at least two in case of emergencies or fraud. Having multiple credit cards helps reduce your utilization rate and provides lenders with more information to better gauge your creditworthiness. If…
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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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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…
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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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STUDY SUMMARY Money is the number one issue married couples argue about. 86% of couples who got married in the last five years started out in debt. The higher a couple’s debt burden, the more likely they are to argue about money. Couples in healthy marriages are much more likely…
If you’re new to the world of investing, you’re probably wondering whether you need the help of a financial advisor. Here’s the truth: Even the most seasoned investors find value in having an investment professional guide their overall financial plan. According to a Ramsey Solutions research study, 44% of people who partner…
We’ve all seen them. Bright yellow and red signs with promises of instant cash to help you get to payday. And all you have to do is sign over your dignity and any leftover hopes of being financially stable in the near future. Yup—we’re talking about payday lenders. They’re the…
Preparing for your first meeting with a financial planner? Congrats! That’s a big step! It’s no secret that a lot of Americans feel clueless and helpless about retirement. Not having a solid plan could create an uncomfortable retirement that leaves you strapped for income and dependent on your children. And…
Moving is hard work. Packing all your stuff, helping your kids and pets make the transition, and loading a moving van with boxes isn’t easy. Oh, and did you remember to change your kids’ school records, shut off the utilities, call the post office, set up the internet, and schedule…
If you’re underwater on your mortgage, that means you owe more on your home than it’s worth. That’s not a situation any homeowner wants to be in, but it happens to more people than you may think! If you owe more on your home than it’s currently worth, it’s easy…
As the old saying goes: Those who fail to plan, plan to fail. And we want you to succeed. That’s why we believe financial planning is so important. It can be the difference between just scraping by and reaching the goals that are most important to you. But what if you aren’t…
STUDY SUMMARY The average American consumer debt load is $34,055. Generation X has the most debt on average, but Millennials are less than $2,700 behind. Consumer debt increases as household income increases. Millennials have less debt than other generations but are more stressed about their debt. Downloads Have questions about…
AaronP/Bauer-Griffin / Contributor/Getty Images A bank failure occurs when a state or federal regulator closes it, typically after determining that it’s insolvent. When this happens, the Federal Deposit Insurance Corp. (FDIC) steps in to cover member banks’ insured deposits. Regardless of its size, the bank is insured, provided it’s a…
Open enrollment—it’s one of the most important seasons of the year. Unfortunately, it doesn’t come with pumpkins or presents—mostly just confusion. But don’t worry. We’re going to go over everything you need to look for during the open enrollment period so you can look forward to this season of opportunity…
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