While the top ten largest credit unions still hold significantly less in assets than even the top five largest banks, they have been growing considerably in recent years. Just within the last five years, total assets in federally insured credit unions have risen by approximately 45 percent over the past…
Key Takeaways: Transition Challenges: Veterans face unique financial challenges when transitioning from military to civilian life, including employment hurdles, healthcare costs, and housing instability. Employment and Economic Stability: Despite strong leadership skills, veterans often encounter unemployment or underemployment due to skill mismatches. Support from programs like VETS and the GI…
Key takeaways Most unemployment payment delays happen due to missing information, fraud checks, or system backlogs. You can often fix the issue by verifying your ID, submitting missing documentation, or updating your payment profile. While you wait, contact lenders to negotiate temporary relief and use savings accounts or short-term loans…
Good news for those looking for more affordable housing: Rents keep falling. In October, rents fell for the 27th straight month year-over-year and the third consecutive month-over-month according to Realtor.com’s October Rental Report. The median asking rent for a 0-2 bedroom property in the 50 largest U.S. metros was $1,969,…
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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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Images: Getty Images; Illustration: Bankrate Key takeaways A mortgage prequalification helps potential homebuyers know how big of a loan they might qualify for. Getting prequalified does not negatively affect your credit score — but getting preapproved does. While a prequalification is faster and easier to…
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The Downsides of Credit Card Churning and Why It Is Risky You may be asking yourself, “Those benefits sound great, why is credit…
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The fundamental flaws in the way the Federal Reserve operates these days were on full display Wednesday when Jerome Powell talked to the…
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Key takeaways To prepare for getting a mortgage, figure out what you can realistically afford, how much you’ll have saved for a down payment and if you need to improve your credit score before applying. Comparing offers from multiple lenders — at least three — could save you a significant…
Key takeaways Significant home renovations can impact the value of your home, and you may need to adjust your homeowners insurance accordingly. Adding square footage or valuable upgrades could increase your insurance premium. Renovations that reduce your risk of a claim, like a roof replacement or new security system, could…
StacieStauffSmith Photos/Shutterstock Key takeaways An easement is a legal right to use part of someone else’s property for a specific purpose, such as a shared driveway or utility access. Easements are typically documented in property records and often remain in place even if the property changes owners. Easements can be…
kelvn/GettyImages; Illustration by Hunter Newton/Bankrate The airport is usually not an enjoyable place to spend time, especially when delays spring up. You can easily spend an entire day at a crowded airport gate, shelling out significant money on food and drinks while you wait for your flight. Having airport lounge…
Key takeaways If you want to boost your chances of getting a credit card, knowing where your credit score falls on the spectrum can help. If you have limited credit history or no credit, you may have to start your credit-building journey with a secured credit card. Keeping your credit…
Nearly everyone thinks the Federal Reserve will cut interest rates this week. That sentiment has translated to falling mortgage rates. Last week, the average 30-year fixed rate dropped to 6.38 percent, according to Bankrate’s national survey of lenders. Rates haven’t been this low in nearly a year. “These lower rates…
Retirement is a goal nearly everyone hopes to reach someday. People spend decades working, saving and investing to meet their retirement goals — and achieving those goals is a real accomplishment. But how do you know when’s the best time of the year to retire? The time of year you…
Westend61/Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Current balance shows all money in your account, including transactions that haven’t cleared yet. Available balance is the actual cash you can spend right now without overdrawing your account. The difference between these balances comes from pending transactions, holds and deposits that…
Arbitrage is the process of taking advantage of a price difference in different markets in order to earn a low-risk profit. In the classic example, an investor buys the asset in the lower-priced market and sells it in the higher-priced market. More likely than not, the price difference is small.…
While taxable income and adjusted gross income (AGI) might sound similar, they refer to different stages of your income after certain deductions and adjustments have been applied. AGI starts with your gross income and subtracts specific adjustments, such as retirement contributions or student loan interest, to arrive at a baseline…
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