Key takeaways Financing an established business can be easier than starting a new venture. Business acquisition loans rely on your personal financial capacity and the historical performance of the business you are purchasing to determine eligibility. Personal funds, seller financing and private equity or venture capital are alternative ways to…
Images by GettyImages; Illustration by Bankrate About 200 days into the Trump Administration, leadership at both the White House and the Department of Education have attempted to reshape higher education, including how we repay the debt borrowed for it. And only once did they have to rely on student loan-related…
Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Lenders calculate how much interest you’ll pay with each payment in two main ways: simple or on an amortization schedule. Short-term loans often have simple interest. Larger loans, like mortgages, personal loans and most auto loans, have an amortization schedule. The…
Morsa Images/Getty Images Robo-advisors are a great option for investors who are looking to automate the investment management process at a cost below that of traditional financial advisors. Fortunately, there are robo-advisors that offer the best of both worlds, including some that offer access to certified financial planners (CFPs). Here’s…
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New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit…
Many people in economics, finance, business, and regular consumer life have been waiting for the forecast inflation, the tariff shock,…
President Trump’s 2026 budget would freeze spending for many services for older adults, deeply cut others, continue his efforts to…
The Trump administration is clamping down on federal student loan defaults; at the same time, Republican lawmakers in Congress just…
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Key takeaways A fixed annuity offers the security of predictable income but generally does not adjust for inflation, which could erode your purchasing power over time. Benefits include tax-deferred growth and insurance-like features such as death benefits. However, fixed annuities can be complex and carry…
Dept Managmnt
Key takeaways It may be difficult to obtain a new loan after you enter a debt management plan, especially if you have recently…
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OBSERVATIONS FROM THE FINTECH SNARK TANK In 2022, President Biden signed an executive order directing the government to develop a framework for digital…
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Key takeaways Crowdfunding for your small business allows you to fundraise money through individual investors interested in your project You can use different types of crowdfunding, including donation, reward, debt and equity crowdfunding Depending on the platform, you may or may not have to pay back the funds, or you…
Inflation under Trump and Biden reflects two very different economic backdrops. During Trump’s first presidency, inflation remained modest, with rates generally staying below the Federal Reserve’s 2% target. Under Biden, inflation surged beginning in 2021, influenced by supply chain disruptions, stimulus spending and rising energy costs. Forecasts for a second…
Citi is an advertising partner. For frequent American Airlines flyers, having a co-branded airline credit card can provide valuable perks and rewards within the American AAdvantage program. However, it can be overwhelming to determine which card is the best fit for your needs. American Airlines co-branded credit cards offer varying…
Charles Schwab and Robinhood are two of the most popular online brokerages, letting clients buy and sell stock, options, exchange-traded funds and more. Millions of people trust these names to help them access the market, track investments and research stocks, among other things. Charles Schwab has a long-deserved reputation as…
The house always wins in gambling, and soon it could feel like Uncle Sam does too. That’s because gamblers face what amounts to a tax hike beginning in 2026: They’ll no longer be able to deduct the full amount of their wagering losses. New rules included in the massive tax…
Key takeaways The Flex Modification program helps homeowners experiencing financial hardship still make their mortgage payments, allowing them to avoid foreclosure. The program can reduce payments by up to 20 percent and extend loan terms. The Flex Modification program also makes your loan current instead of delinquent, moving past-due payments…
The Federal Reserve left interest rates unchanged for a fifth straight meeting, with policymakers stuck in a prolonged wait-and-see mode as President Donald Trump’s tariffs leave them wary of cutting borrowing costs too soon. The decision means the key interest rates that Americans pay to finance anything from a car…
Imagine a retirement where you never worry about running out of money. No more fretting over market fluctuations or questioning if your savings will last. Income annuities are often hailed as the solution to longevity risk — that is, the risk of outliving your money. They allow you to swap…
The earned income tax credit (EITC) offers support to low- and moderate-income workers, but certain conditions can make you ineligible. You may be disqualified if your income is too high, if you have significant investment income, or if you are married but filing separately. You also cannot claim the credit…
Key takeaways Dealership car loans offer convenience, but you’ll likely find better deals on interest rates by getting a loan from a bank, credit union or online lender. To secure the best auto loan rate, whether at the dealership or elsewhere, it is essential to arrange financing before visiting the…
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