Monty Rakusen/Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways A business equipment loan is designed specifically for buying equipment and is secured by the equipment itself Equipment loans can’t be used for any other business need Equipment leasing is another option, which could have lower upfront costs than a loan…
Kimbal Musk, the brother of Tesla CEO Elon Musk, has been offloading shares of Tesla in recent months just as the stock has made a massive retreat from all-time highs. The electric vehicle maker, however briefly, had been among the select group of trillion-dollar companies following the stock’s post-U.S. presidential…
Taking out an unsecured business loan gives business owners financing without securing the loan with collateral. These loans can be especially appealing to business owners who don’t have assets. Since these loans don’t require collateral, the eligibility requirements for some types are often more strict than other business loans, and…
Key takeaways Car salespeople receive commissions and bonuses for making sales, which can influence their tactics. Stick to your budget and not be swayed by add-ons or extras the salesperson offers. To give yourself more leverage, research the vehicles you’re interested in, know the value of your trade-in and secure…
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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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Image by GettyImages; Illustration by Bankrate New week, new lows for home equity loans and lines of credit. The average rate on a $30,000 home equity line of credit (HELOC) dropped two basis points to 8.04 percent, its lowest level since 2023, according to Bankrate’s…
Dept Managmnt
Key takeaways Social Security benefits are generally protected from creditors, but exceptions exist for federal debts, child support and legal judgments. The IRS…
Banking
Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many banks from making…
Credit Cards
Key takeaways Adding authorized users to your business credit card account can make it easier for you to complete purchases and earn rewards…
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Key takeaways The uncertainty surrounding several popular student income-driven repayment (IDR) plans under the new administration could disproportionately hurt women with student loan debt, according to experts. Women increasingly outnumber men on college campuses; they leave with higher student loan balances on average, and when they graduate, they tend to…
Images by Getty Images; Illustration by Issiah Davis/Bankrate These days, the perks of a shiny new bank account often include high yields and no fees, and many can be opened in mere minutes. Nevertheless, Americans with a checking account have held onto that account for an average of 19 years,…
Key takeaways CardMatch is a safe, secure Bankrate tool that helps users get preapproved for a range of credit card offers all in one place. In addition to showing consumers which credit cards they may be eligible for, CardMatch also highlights special welcome offers targeted to individuals based on their…
Key takeaways Balance transfer checks are a way to transfer credit card balances from one issuer to another with a lower interest rate. These checks may come with fees and may not offer the same benefits as balance transfer credit cards, so read the fine print to understand all the…
Key takeaways Not paying your secured credit card bill won’t land you in jail, but it definitely damages your credit score and may forfeit your security deposit. If you’re struggling to pay your secured credit card bill on time, it’s best to act quickly. Start by calling your card issuer…
Image by GettyImages; Illustration by Bankrate You’ll owe federal taxes, and probably state taxes, too, on most of your income. But there are some sources that Uncle Sam won’t touch. Keep in mind, too, that there are nine states that don’t tax your income. Here are eight types of income…
Credit Sesame’s personal finance news roundup for March 8, 2025. Stories, news, politics, and events impacting personal finance during the past week. February 2025 job growth sub-parPCE index still elevatedAutomakers warn of steep price hikes due to tariffsGender pay gap narrows a littleMortgage rates fall again for seventh weekUS productivity…
Key takeaways Many lenders offer no-closing-cost mortgages, meaning you don’t need to pay the closing costs upfront when you buy a new home. Instead, closing costs are rolled into the loan balance or compensated for in the form of a higher interest rate. On the plus side, no-closing cost mortgages…
Key takeaways Experts debate the impact of a diminished CFPB, with some saying the responsibility of consumer financial protection could shift to state governments. Some consumer credit protections, such as medical debt reporting and buy now, pay later (BNPL) safety nets, may be scaled back or eliminated with new CFPB…
Key takeaways The benefits of debt consolidation include saving money on interest, paying off debt more quickly and streamlining your finances. There are many options to consolidate debt, including balance transfer credit cards, home equity loans, debt consolidation loans and peer-to-peer loans. To choose the best product, assess your credit…
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