Images by GettyImages; Illustration by Bankrate You just found out that you’re getting a tax refund and are considering using it to make a lump-sum payment toward your credit card debt. Before you do, let’s make sure you are setting yourself up for long-term financial security — not just temporary…
Debt doesn’t mean you have to send all your extra cash toward repayments and stop enjoying your life. It is possible to carry debt while still traveling, replacing worn-out clothes and spending time with loved ones on the weekends. Nobody wants debt freedom at the expense of their joy. But…
A few years ago, I made what seemed like an impossible decision: I was going to pay off $300,000 in debt, including student loans and even my mortgage. No lottery winnings. No inheritance as a first generation Filipino-American millennial. The secret? A simple, repeatable one-hour monthly money routine on the…
Key takeaways Millions of homeowners with high mortgage rates are hoping for rates to come down so they can refinance. Rate movement is notoriously difficult to predict, though, especially in today’s volatile economic environment. If you’re anxiously awaiting lower rates, here are some economic bellwethers to keep an eye on.…
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Key takeaways If you believe there is an erroneous or fraudulent charge on your credit card, you have the right to dispute the charge and potentially have it removed from your statement. The Fair Credit Billing Act allows you to dispute a charge within 60…
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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 DACA recipients can apply for college in most states, but they don’t qualify for federal aid. Some states allow DACA students to qualify for state aid or in-state tuition. DACA recipients may require a cosigner to get approved for private student loans, which can be a barrier to…
Key takeaways With one deceased parent, students can file the FAFSA using the information of the surviving parent only. If both parents are deceased, the student is considered an independent and should file the form without any parental information. If a parent dies after the FAFSA is submitted, adjustments can…
Mango Productions / Getty Images Key takeaways With divorced or separated parents, the one who provides you with the most financial support is typically who lists their income and tax information on the FAFSA. With 50-50 split custody after the divorce or separation, the parent with the greatest financial means…
Key takeaways The Discover it® Secured Credit Card is one of the best secured cards on the market. This card comes with a welcome offer and the opportunity to earn rewards on your spending, features that are not standard for most secured cards. In addition to reporting your credit activity…
Key takeaways Timeshare loans are often affiliated with timeshare property developers and have steep interest rates. Personal loans from banks and other financial institutions may be a better choice for buying a timeshare. Home equity loans, cash and credit cards can also be used to purchase a timeshare. Frequent travelers…
Key takeaways Students can still be eligible for federal student aid even if they have not registered for the Selective Service System (also known as the military draft). Legislation passed in 2020 made the FAFSA and Selective Service registration processes separate. Not all students are required to register for the…
Key takeaways Lenders typically require that student loan money be used towards school expenses and basic living necessities. Leisure activities and luxury purchases, such as taking a vacation or buying high-end clothing, aren’t valid uses of a student loan and could land you in trouble with your lender. Create a…
Dragon Images/Shutterstock Key takeaways Student loans can be used to cover certain living expenses, but borrowers should use caution in doing so. Creating a budget and discerning wants from needs can help students to minimize debt and comply with borrowing guidelines. Misuse of student loan funds can result in serious…
Image by Hunter Newton/Bankrate Key takeaways The best boat loan lender depends on your unique financial situation and personal preferences. Consider interest rates, repayment terms, eligibility requirements and vessel restrictions when evaluating lenders. Get prequalified with at least three lenders and compare quotes to find the most affordable loan. A…
With the staggering rise and fall of some cryptocurrencies such as Bitcoin and Ethereum, crypto traders may have serious tax questions on their minds. The Internal Revenue Service (IRS) is stepping up enforcement efforts, and even those who hold the currency — let alone trade it — need to make…
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