Key takeaways The major advantage of credit-building products is the potential to improve or establish your credit score. Higher rates and restrictions on how and when you receive funds are common drawbacks to credit-builder loans. Your local bank or credit union may offer small-dollar loans at much lower rates than…

Capital gains tax on commercial property can vary depending on factors like the length of ownership and the taxpayer’s income level. When a commercial property is sold at a profit, the difference between the property basis and the sale price is subject to capital gains tax. Understanding how the capital…

Tax-advantaged retirement accounts such as traditional and Roth IRAs are important tools for retirement planners accumulating wealth to provide for a secure retirement. And, under the right circumstances, individuals can continue to take advantage of these tax benefits by contributing to traditional or Roth IRAs after they have retired. The…

Credit Sesame discusses whether consumer understanding of the U.S. economy is wrong and how this may impact financial behavior negatively. The latest Survey of Consumer Expectations from the Federal Reserve Bank of New York found growing pessimism among consumers around their ability to pay their bills. This echoes a general…

Okay, so you have bad credit or little credit history and you’re trying to open a business credit card account for your small business… Plenty of successful business owners have launched their companies with bad credit.  Here, we take a look at the best business credit cards for bad credit—factoring…

This page was originally published in January 2022 and reflects the pricing, rewards rates and the author’s experiences of that time. The rest of the article has since been updated. Key takeaways Upside, formerly known as GetUpside, is a cash back app that offers limited-time deals for users to claim.…

Key takeaways Student credit cards offer rewards and incentives geared toward students and may be easier to qualify for. Credit cards can be a valuable tool for college students to learn how to manage money and build credit. To use your credit card responsibly, spend only what you can pay…

Key takeaways Ideally, you should refinance a personal loan only if you can secure a lower rate and save money without extending your repayment term. If your credit score has improved since taking out the original loan, you may have a better chance of qualifying for a more favorable rate.…

Leaving the workforce doesn’t necessarily mean leaving employer-provided health insurance behind. Some companies continue to offer retirees health coverage, even after they stop working and enroll in Medicare. When that happens, Medicare generally becomes the primary payer. Different rules may apply when it comes to prescription drug coverage, however. And…

Credit Sesame discusses the impact of a Fed rate cut for consumers. An interest rate cut in September 2024 looks increasingly likely. There is a general impression that this will provide fast-acting interest “pain relief” for consumers. However, people looking for instant results may well be disappointed. Lower interest rates…