Pekic/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways A mortgage lets you purchase a property, while a home equity loan — which is a type of second mortgage — allows you to tap the value of your property to get cash. Compared to other forms of credit, both mortgages and home…
Key takeaways The value of the child tax credit in 2025 (for tax returns filed in 2026) is $2,200, up from $2,000 in 2024. Going forward, the value of the child tax credit will be adjusted for inflation each year. There are income limits: The child tax credit starts to…
Key takeaways An LLC has access to some small business loans that are designed specifically for funding a variety of business expenses. LLC loans can be used for many things, including working capital, covering start-up costs, equipment or inventory purchases, advertising and marketing and even commercial real estate. Signing a…
A complicated U.S. economy. Stubborn inflation and a jobless boom. Unprecedented conflict with the president. Personnel changes, and a new Fed chair. Federal Reserve officials are no stranger to difficult economic moments, but the upcoming year could prove to be more dramatic than usual for the U.S. central bank —…
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The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent…
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…
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With interest rates somewhat in flux, savers and investors might have to search a little bit harder to find the best returns from relatively safe investments such as money market funds. Money market funds invest in short-term securities issued by governments and corporations and are…
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Delmaine Donson/Getty Images Debt relief companies work on your behalf to negotiate your debts, usually through a settlement for less than you owe.…
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These entrepreneurs, traders and investors are making an outsized impact in fintech, crypto and traditional financial services.By Jeff Kauflin, Hank Tucker and Nina…
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Getting behind the wheel without car insurance can quickly turn into an expensive mistake. If you are caught driving without coverage, you run the risk of facing penalties, including fines, loss of your driver’s license and potentially jail time. If you cause an accident while driving uninsured, you may have…
State Department of Insurance contact information Alabama Department of Insurance201 Monroe St, Ste 502, P.O. Box 303351Montgomery, AL 36104 Phone: 334-269-3550Email: [email protected] https://www.aldoi.gov/ Alaska Department of Community and Economic Development, Division of Insurance Anchorage office: 550 W 7th Ave, Ste 1560, Anchorage, AK 99501Juneau office: 333 Willoughby Ave, 9th Fl,…
If you are looking for holiday debt relief after a season of overspending, the immediate answer is to pause credit card use, assess the total damage, and switch to a “bare-bones” budget. When it comes to holiday shopping a lot of consumers go into debt getting that perfect gift. According to a lending…
Sean Murphy, Getty Images If you get a speeding ticket, you’re probably most worried about the fine, but speeding tickets can make an even bigger dent in your budget when your auto policy renews. In Florida, speeding ticket fines cost an average of $125, but a single speeding ticket raises…
Michal Krakowiak/ Getty Images If you’re already planning your next vacation, now might be a good time to start earning rewards to fund it. The Capital One Venture Rewards Credit Card can help with that. For a limited time, new cardholders can earn a one-time $250 Capital One Travel credit,…
lillisphotography/Getty Images Key takeaways A deed of reconveyance, also known as a satisfaction of mortgage, is a document that proves you’ve paid off your mortgage. The deed of reconveyance releases the lien the mortgage lender placed on your property. You’ll need this document to prove a clear title when you…
Key takeaways CDs and share certificates both earn guaranteed returns over a set period. CDs are offered by banks and pay interest; share certificates are offered by credit unions and pay dividends. Both are federally insured up to $250,000 per depositor (FDIC for CDs, NCUA for share certificates). Credit unions…
Key takeaways Online banks typically offer higher annual percentage yields on savings products and charge fewer fees than their brick-and-mortar counterparts. If you need to deposit cash regularly, you’ll likely want the convenience of a brick-and-mortar bank’s ATM network as many online banks don’t accept cash deposits. Large brick-and-mortar banks…
In her half-century on earth, Torry Holmesly has been subjected to neglect, violence, eviction and homelessness. So, if you ask her about what life is like in a banking desert, forgive her for looking at you funny. And yet, Holmesly, 50, is far from a fool. She knows that not…
Dmitrii Marchenko/GettyImages Key takeaways With a Roth IRA, you contribute money without getting an up-front tax break (unlike a traditional IRA, which offers a tax deduction in the year you contribute). The tax break comes later: You can withdraw your money tax-free in retirement. Ideally, you keep your money in…
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