Key takeaways Filing a home insurance claim might make the most sense when the loss estimate is more than your deductible. Any claim, even a minor one, might lead to an increase in your home insurance premium. Having frequent or repeat claims could cause a property insurer to nonrenew your…
Key takeaways Tapping into home equity carries several risks, including putting the property at risk, the potential to fall into significant debt, and the dilution of a valuable asset. The unpredictable nature of the housing market and high interest rates are also reasons not to borrow against a home’s worth.…
Paige DeVriendt, a 32-year-old living in Columbus, Ohio, has spent most of her life associating money with shame and anxiety. Today, DeVriendt and her husband both work, bringing in a combined annual salary of around $225,000. With that, they’ve been able to pay their bills, save and invest, all while…
Key takeaways Carrying a balance on your credit card past your grace period means that you’ll start accruing interest on that balance, which will continue to grow until you pay it off completely. If this is the first time you’ve carried a balance on your credit card, don’t worry —…
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While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
Lifestyle inflation occurs when your expenses increase as you earn more income. It can start subtly—dining at pricier restaurants, upgrading…
Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30%…
Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
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Key takeaways Similar to other major card issuers like American Express and Chase, Capital One offers its own selection of airport lounges for cardholders. The issuer launched its airport lounge program in 2021 with the release of the Capital One Venture X Rewards Credit Card.…
Dept Managmnt
Key takeaways Debt relief is a method of restructuring debt to make it easier for you to pay it back. You can get…
Banking
Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many banks from making…
Credit Cards
Key takeaways Adding authorized users to your business credit card account can make it easier for you to complete purchases and earn rewards…
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There are a multitude of leveraged strategies aimed at retail investors. Most of these follow the performance of major indexes, while others track niche areas of the market like the semiconductor and biotech industries. With leveraged strategies, investors hope to capture additional return using the power of debt. What is…
No one wants to be in trouble with the tax man. If you missed this year’s filing deadline, don’t panic. But also…? Act fast. The deadline for most taxpayers to submit their 2024 tax return was April 15 — except for those who get some extra time to file because…
Target-date funds are an increasingly popular way for Americans to invest for the future. In fact, more than $3.5 trillion was invested in target-date funds at the end of 2023, according to Morningstar. And they’re especially popular in 401(k) plans, helping workers manage their retirement finances. Here’s what a target-date…
Image by GettyImages; Illustration by Bankrate Both home equity loans and home equity lines of credit (HELOCs) are heading down. The average rate on a $30,000 home equity line of credit (HELOC) once again broke through the 8 percent barrier, declining 8 basis points this week to 7.94 percent, according…
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 Skimming is a type of…
Key takeaways The only way to know if you can share your credit card legally is to review your credit card agreement. Even if sharing is permitted, it’s not encouraged or suggested. Letting someone use your credit card with permission could put you at risk for unexpected charges and complications…
Key takeaways PayPal offers a simple and secure way to make online purchases as well as send and receive money from family and friends. Customers can use their bank account, credit card, debit card or PayPal balance to send money or make purchases. Sending money domestically is typically free of…
If you’re preparing to buy or sell a home in the Great Lakes State, there’s a good chance you’re thinking about hiring a real estate agent to help you through the process — most people do. And if that’s the case, you’re probably also wondering how much an agent’s services…
Key takeaways Most pet insurance policies operate on a reimbursement payment model. Pet owners are required to settle fees at checkout and then seek reimbursement from their insurance provider within a specific timeframe. Insurers typically use percentage-based reimbursement or benefit schedule models. Knowing the specifics of an insurance policy, including…
Key takeaways Overpaying your credit card bill is a common mistake that usually has no negative effect on your credit card account or credit report. If you’ve overpaid by a significant amount, however, then your issuer may send a fraud warning. You can either request a refund or…
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