An unused credit card does not simply sit in a drawer forever, quietly waiting for retirement. If you leave the account open, the issuer may continue reporting it, and that available credit can affect … [Read More...]
What Happens If a Company Deposits Money Into Your Account by Mistake?
A surprise deposit can make a bank balance look much healthier, but money that a company deposits into your account by mistake does not automatically become yours. A payroll department might enter the … [Read More...]
You Have $20,000: Pay Off Student Loans or Put It Toward a House?
A $20,000 pile of cash can create a surprisingly awkward financial question: should it wipe out student debt or become part of a future down payment? Both choices can move a household closer to a … [Read More...]
Your Credit Score Is 720. How Much Money Could Getting to 760 Actually Save You?
A 720 credit score already puts you in a respectable credit range, but pushing it to 760 can matter when a lender prices a major loan. The catch is that there is no magic "$X savings" attached to … [Read More...]
IRS Sets December Hearing on Proposed Tax-Exempt Rules for Racial Nondiscrimination at Private Schools
The Internal Revenue Service has scheduled a December public hearing on proposed regulations that … [Read More...]
Bond Yields Are Surging Again — What That Means for Savings Accounts, Loans and 401(k)s
Bond yields are surging again, and that movement reaches far beyond Wall Street. The 10-year … [Read More...]
Treasury Opens $5 Billion New Markets Tax Credit Round to Drive Investment in Low-Income Communities
The U.S. Department of the Treasury is opening a new $5 billion round of a federal tax-credit … [Read More...]
A $500 Monthly Debt Payment Sounds Good — Until You See How Long It Takes to Pay Off $25,000
A $500 monthly debt payment sounds like a solid plan for a $25,000 balance. Then interest walks into … [Read More...]