PM Images/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Personal loan amounts of $50,000 are offered by banks, credit unions, online lenders and marketplace lending sites. Because they’re unsecured, they can be funded quickly and come with higher interest rates. Maximum repayment terms are typically seven years, which could…
Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways Unsecured loans aren’t backed by collateral, making them a higher risk for lenders. Unsecured business loan rates vary, ranging from 7% to 75% APR. With good credit, you could secure a low interest rate on an unsecured loan — between…
Key takeaways You typically cannot return a car unless the dealership has a return policy. To avoid being in a position where you need to return the car, research the history of the vehicle and the dealership’s policies. If you cannot return the car, look into refinancing your auto loan,…
Wavebreakmedia/Getty Images Key takeaways An auto loan hardship program can help if you’re facing a financial emergency and need help with your car payments. Eligibility criteria, fees and program options vary by lender. If you don’t qualify for an auto loan hardship program, other forms of debt relief are out…
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Last year, on the day before Tax Day, my mom was scheduled to fly into Philadelphia International Airport to stay…
The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
With Republicans ending the Grad Plus program, private lenders are eyeing billions in new business, while some students could be…
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A tax refund often feels like a sudden financial windfall, offering a brief moment of relief. However, instead of treating it as a ticket for a shopping spree, consider using it as the ultimate opportunity for some financial spring cleaning. By strategically channeling your refund,…
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Does a Consumer Proposal Affect My Credit Score? Yes, filing a consumer proposal will affect your credit score. Your score reflects your past…
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For fintech startups, the first five years of the decade have been a roller-coaster ride. At the outset, companies were awash in easy…
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When Jessye Kass Karlin asked for a raise, she didn’t just need one person to say “yes.” She needed eight. A director of programs at a women’s shelter in Cambridge, Massachusetts, Karlin was in her mid-twenties, making around $60,000 per year. She sought a $20,000 salary increase and a new…
In the heart of every community, first responders stand as pillars of strength, protection, and safety. Firefighters, police officers, paramedics, and other emergency personnel dedicate their lives to protecting the public, often putting their own safety at risk. Yet many of these everyday heroes face a growing challenge outside the…
Key takeaways Unsecured business loans don’t require you to back the loan with valuable assets Making on-time payments and building payments into your budget can help you effectively manage the unsecured business loan If you’re struggling to make repayments, talk to your lender and consider refinancing to help you meet…
Practical Money Tricks That Lead to Real Treats Getting out of debt doesn’t happen overnight, but small, consistent actions can help you regain confidence and control. Here are a few tried-and-true strategies: Budget like a pro: Track every dollar for a month to see where your money really goes. Focus…
Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways A money market account is a deposit account that earns interest while providing check-writing and debit card access to your funds. Money market accounts currently earn between 0.47% and 4.00%+ APY, with top accounts offering rates significantly higher than traditional…
Key takeaways Your account number is located at the bottom of a check — it’s the second set of numbers, between the nine-digit routing number and the check number. The routing number comes first — it’s the nine-digit number on the left that identifies your bank or credit union. Account…
Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways A debt consolidation loan replaces multiple streams of debt with one new loan at a fixed rate and monthly payment. A personal loan for debt consolidation is typically a fast and simple way to consolidate all kinds of debt. Debt consolidation…
Martinns/GettyImages; Illustration by Hunter Newton/Bankrate A money market account is a type of savings deposit account that tends to offer check-writing privileges and a debit card for ATM access to your savings. Typically, savings accounts usually don’t let you write checks from the account, making money market accounts a unique…
Images by Getty Images; Illustration by Issiah Davis/Bankrate The average savings account rate is a benchmark for the overall interest-rate environment, but it’s not a rate you should settle for. Rather, aim for an annual percentage yield (APY) many times the national average, such as those offered by high-yield savings…
Morsa Images/ Getty Images; Illustration by Austin Courregé/Bankrate A certificate of deposit (CD) is a time deposit account in which your money accrues interest at a fixed yield for a set period of time, or term. CD terms typically range from as short as a few months to as long…
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