Bankruptcy is a legal process to help individuals and businesses manage overwhelming debt. While it provides a path to financial relief, the decision to file bankruptcy requires careful scrutiny due to its lasting impact on credit, assets and future financial opportunities. The two most common types of bankruptcy for individuals…
It’s not easy to grow your savings. If you’re like most Americans, earning the highest interest rate on your deposit accounts would be very helpful this year. But in Bankrate’s recent Emergency Savings Survey, most Americans say they have less emergency savings now than they did at the beginning of 2024. Previously,…
Key takeaways Americans spent an average of around $6,000 on food at home in 2023, a 6.1 percent increase from 2022. Grocery store category spending caps on credit cards haven’t increased to keep up with inflation. As credit card companies profit more than ever from fees and interest, they should…
Credit Sesame explains how rising bond yields could impact your finances and the economy—and what you can do to prepare. When it comes to questions about the direction of interest rates, the spotlight is usually on the Federal Reserve. However, recent activity in the bond market may steal the show.…
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Washington is abuzz over whether Congress will address President-elect Donald Trump’s ambitious policy agenda in one bill or two. But…
TomoCredit, a five-year-old San Francisco startup that claims it boosts consumers’ credit scores, is facing a growing number of problems,…
Millions of student loan borrowers face an uncertain future as a second Trump administration prepares to return to Washington. But…
The 2024 presidential election has ended, and Donald Trump is poised to retake the White House, with big implications for…
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Key takeaways Getting the timing right on your credit card application may increase your chances of approval while potentially reducing the impact on your credit score. If your balance is high, or if you’re making a big purchase, are preapproved or referred or you meet…
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Key takeaways Zombie debt refers to old or expired debts you’ve either forgotten about or never knew about that debt collectors try to…
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It was a close call for a dog named Max when fire raged through his Altadena neighborhood. The brindle-coated Corso mix hid, huddled…
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Key takeaways The Southwest Companion Pass is attainable by using Southwest credit card welcome bonuses to meet the 135,000-point requirement. Applying for a…
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Credit Sesame discusses expectations for interest rate cuts in 2025 and the effect on the stock market. The Federal Reserve delivered one of the most unpopular rate cuts in recent history at the December 18 meeting, the last in 2024. The Federal Open Market Committee (FOMC) announced a 0.25% rate…
Key takeaways States do not legally require homeowners to have home insurance, but it is usually required by your lender if you currently have a mortgage on your home. Home insurance provides financial protection from unexpected losses due to physical perils like fire and wind damage, as well as potential…
Consumers looking for a new checking account may find that online banks offer features that may not be available at the bank down the street. While brick-and-mortar banks may offer these checking account features, too, they may come at a cost: maintaining a high minimum balance. An online checking account,…
Key takeaways Top yields across all deposit account types are still outpacing inflation, which is currently at 2.7 percent. At least one money market yield exceeds 5 percent APY. It’s important to check that your savings yield is still competitive, as some banks and credit unions have lowered yields during…
Key takeaways Fleet fuel cards are specialized credit cards designed for businesses to manage and track their fuel and vehicle maintenance expenses. Different fleet cards offer various benefits, including rewards, fuel discounts and analytics for tracking vehicle movements and expenses. Businesses can choose a card based on fleet size and…
ImagePixel/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways Renting your home on Airbnb may not be covered by your homeowners insurance if it is considered a business activity. Airbnb offers a free insurance plan called AirCover, but it may not cover all potential damages or liabilities. It is important to…
Key Takeaways Paying your student loans could let you earn credit card rewards, buy time when the payment is due and secure a 0 percent intro APR offer. It’s important to consider both the risks and rewards when deciding if this might be the right strategy for you. …
The IRS will send an estimated $2.4 billion to taxpayers who didn’t claim the recovery rebate credit on their 2021 tax returns. About 1 million taxpayers were eligible for the credit but failed to claim it, the IRS said. The recovery rebate credit is a refundable tax credit for taxpayers…
The Internal Revenue Service is automatically sending $1,400 stimulus payments to about one million Americans who never claimed their COVID-19 relief checks from 2021, according to a recent announcement. If you’re eligible, you should receive your payment by late January 2025. But for the millions of Americans who won’t be…
Key takeaways To receive unemployment benefits, you need to have filed all the correct documentation, have your identity verified and have answered all the questions clearly. If something is missing in your documentation or your claim gets flagged, you may have to wait to receive your unemployment benefits. You can…
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