Later today, the Federal Reserve’s Federal Open Market Committee (FOMC) is likely to authorize its first interest rate cut since 2020, likely either a quarter or a half of a percentage point. The FOMC increased the federal funds rate by a cumulative 5.25 percentage points in 2022 and 2023 in…

Paul Bradbury/Getty Images Key takeaways An excellent-credit personal loan usually caters to borrowers with credit scores above 800. Personal loans for excellent credit can be used for large expenses, like home improvements or paying for major life milestones like weddings. Excellent-credit loan benefits include lower APRs, higher loan amounts and…

Every small business owner looking for financing should understand the fundamental differences between a business line of credit and a term business loan.  Both types of financing can be useful, but they do serve slightly different business needs. Applying for the right type of capital at the right time ensures…

If you’re struggling with your debt payments and don’t know if you’ll ever be able to pay off your balance, working with National Debt Relief might be for you.  National Debt Relief is a debt settlement company offering borrowers a reprieve from their payments by negotiating their balances with creditors.…

As the leaves turn colors of orange, red, gold, and the wind brings a chill in the air, it’s the perfect time to start thinking about how to bring the essence of fall into your home. Decorating for the season doesn’t mean you have to go into more credit card…

While the U.S. economy rebounded from the coronavirus pandemic in 2021, the Federal Reserve chose not to raise rates as inflation topped its official 2 percent target, then doubled it, then tripled it, then quadrupled it — believing those price increases would be only a temporary burden thanks to a…

Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them to focus on adding information that is uniquely helpful. The article was reviewed, fact-checked and edited by our editorial staff prior to publication. The technology sector moves quickly, so if…

Key takeaways The Fed uses various tools like buying and selling securities to control interest rates, and its actions have a direct impact on credit card interest rates. Credit card rates are higher due to the risk associated with unsecured debt, and consumer protections provided by the CARD Act contribute…

Nattakorn Maneerat/Getty Images Key takeaways An installment loan is a debt that gives you funds all at once that are paid off in monthly amounts, called installments, over a set period. Installment loan payments usually include interest charges that are charged over the life of the loan and may be…

Key takeaways Working capital loans are a type of short-term business loan designed to help businesses cover their regular operating expenses Working capital is calculated by subtracting current liabilities from current assets There are many types for working capital loans, including term loans, lines of credit, business credit cards, invoice…