At a time of sticky inflation and a softening job market, extra money in the bank can serve as a lifeline for many consumers. Yet 8 in 10 Americans did not increase their emergency savings this year, a new Bankrate survey found, leaving them in no better financial position to…
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…
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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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Reaching age 65 doesn’t automatically change how the IRS taxes your 401(k) withdrawals. Instead, it taxes distributions from a traditional 401(k) as ordinary income, just like wages or Social Security benefits. Your tax rate depends on your total taxable income and filing status in the…
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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 A lien serves as legal notice that you owe a creditor for an unpaid loan. Liens are not just associated with unpaid debt — they can result from defaulted property taxes, contractor claims against your home, unpaid HOA dues or judgments. Lenders typically use liens as a collection…
Key takeaways Secured and unsecured loans can be obtained from a bank, credit union or online lender. Secured loans require collateral but can get you access to a larger sum of funds. Unsecured loans do not require collateral. The amount and rates you’re eligible for are based on your creditworthiness.…
ImagePixel/Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways There’s no one-size-fits-all “best” credit card rewards program — the right choice depends on how you spend and how you prefer to redeem rewards. Top programs offer flexible earning structures and valuable redemption options, including travel, cash back and points transfers. Many…
Joe Schmelzer/Getty Images Key takeaways A loan modification is a long-term mortgage relief option for borrowers experiencing financial hardship, such as loss of income due to illness. A modification typically changes the loan’s rate, term or both to make monthly payments more affordable. If you’re seeking to modify your mortgage,…
MoMo Productions / Getty Images Key takeaways A business credit card is designed to support small business owners and entrepreneurs and help them keep business spending separate from personal spending. These cards typically offer higher credit lines, lucrative rewards and business-related perks — including additional employee cards. However, these cards…
Jordi Salas/ Moment/ Getty Images Key takeaways You’ll want to choose a credit card that will be widely accepted at your destination, with capabilities for contactless or chip-and-PIN transactions. You can save money by going with a card that doesn’t charge foreign transaction fees and offers travel insurance protection. You…
Image by GettyImages; Illustration by Bankrate Debt doesn’t just weigh on your finances, it can weigh on your sense of security, self-worth and connection to others. It’s easy to feel ashamed or alone, but support can help get you through tough times. Asking for help doesn’t mean you’ve failed —…
Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them to focus on adding information that is uniquely helpful. The article was reviewed, fact-checked and edited by our editorial staff prior to publication. Key takeaways Loans that require no down…
By Julie Jaggernath and Garrett Johnson Many people only glance at their credit card bill to see the total they owe, but the question of why should you check your credit card statement goes far beyond simply knowing your balance. Your statement provides a detailed record of every transaction, fee,…
Key takeaways Many factors impact whether or not you’ll qualify for a mortgage, but your marital status is not one of them. Buying a home with your partner now means you can start building equity sooner than if you waited until after marriage. However, waiting until after you’re married gives…
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