Key takeaways Repossession for a car happens when you’ve defaulted on your auto loan, and your lender may seize the vehicle to recover its losses. In many states, lenders are not required to give you notice before seizing your vehicle. Consider modifying or refinancing your loan before you miss payments.…
Key takeaways Most dealership fees are negotiable, though there are a few you can’t avoid. If you’re interested in a service or product, there is likely a third party option that will cost less. Try not to wrap additional costs into your loan to save on interest. Once you negotiate…
xavierarnau/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Real estate agents earn a commission when a transaction closes, typically ranging from 2.5 to 3 percent of the home’s sale price. Each agent’s rate — and who pays it, buyer or seller — is negotiated and agreed upon in advance.…
NoSystem images/Getty Images Key takeaways Private equity is a type of alternative investment in which investors’ money is pooled together, often in exchange for stock in a private company. There are three main types of private equity strategies: venture capital, growth equity and leveraged buyouts. Investments in private equity are…
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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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Business owners often have startup or major costs that come with investing in their businesses. A 0 percent intro APR card buys you time to pay off a big purchase without accruing interest. And many of the cards charge no annual fee while letting you…
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Level 2: Discover the Fastest Way to Pay Off Debt With Rules and Challenges When looking for the fastest way to pay off…
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Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many banks from making…
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Key takeaways Public Service Loan Forgiveness discharges federal student loan balances for certain workers in qualifying public service jobs. You must make 120 months of payments to qualify for the discharge. Federal Direct Loans and consolidated FFEL and Federal Perkins Loans qualify for forgiveness under this program. While President Donald…
Key takeaways The best business debt consolidation loans will offer you longer repayment terms or lower interest rates You can use a variety of business loans to pay off current business debt, including an SBA loan, line of credit or short-term loan Compare multiple debt consolidation lenders to find the…
NBC / Contributor / Getty Images Key takeaways Some personal finance issues are timeless, but smart money habits can also make them avoidable. You can learn personal finance lessons from TV, but even more from experts in the industry. Today’s technology makes it even easier to follow simple finance rules…
Key takeaways When it comes to applying for any type of loan, preparation is key. Improving your credit, lowering your DTI and decreasing the amount you need to borrow can help you qualify for a loan. Loan denial isn’t the end. There may be other funding options or opportunities to…
If you’ve been investing since 2020, you’ve already been through two bear markets — a brief one in early 2020 during the initial outbreak of the COVID-19 pandemic and another in 2022 as investors fretted about rising interest rates and high inflation. Fair warning, there will be more. Long-term investors…
Key takeaways Having a pre-existing condition doesn’t automatically mean you’ll be denied life insurance — or face significantly higher rates. Insurers evaluate conditions differently, so comparing quotes can help you find the best fit. Options like term, guaranteed issue and group life insurance may still be accessible depending on your…
Financial advisors can provide a lot of value to their clients, and they can also offer access to investments that might not be easily accessible, if at all, otherwise. While many investors stick to publicly traded stocks and bonds, others turn to alternative assets that may offer strong returns. “Alternative assets…
Rawpixel.com/Shutterstock Key Takeaways It’s been a tumultuous time for stock market investors, as the constant stream of macroeconomic news reports of latest tariff developments, an escalating trade war with China and predictions of a recession. Meanwhile, many savings accounts continue to offer competitive rates and a safe place to keep…
Thomas Barwick/Getty Images Key takeaways The Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card allows cardholders to select their top rewards-earning category, including options like office supplies, gas stations, travel and more. Cardholders who are members of the Bank of America Preferred Rewards program can…
Self-employed people have some extra work at tax time compared to their counterparts who receive a W-2 — and that often includes filling out Schedule C. This form is for reporting a profit or loss that you made as a freelancer or sole proprietor, and it should be attached to…
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