What is Inflation? How It Affect Your Purchasing Power

What is Inflation? How It Affect Your Purchasing Power

No one desires a reduction in their income, yet in the face of inflation, many Americans find themselves compelled to accept just that. As Americans emerged from pandemic-related lockdowns with pent-up spending and a willingness to consume, inflation emerged as a significant threat to both household finances and the broader economy, a situation not seen […]

10 Common Car Insurance Myths Answered

10 Common Car Insurance Myths Answered

Car insurance is a necessity for many Americans but can also be complex to grasp. Like other financial services, the insurance industry can be overwhelming if you’re not well-versed in its intricacies. A lack of understanding about your policy could lead to errors such as underinsuring your vehicle or paying more than necessary for coverage. […]

Why are My Credit Card APRs so High?

Why are My Credit Card APRs so High?

The annual percentage rate (APR) on a credit card represents the total cost of credit to the cardholder. It includes the periodic interest rate applied by the issuer to the outstanding balance, determining the finance charge for each billing period. Most credit card issuers use a variable interest rate tied to the prime rate, which […]

Why Did My Credit Card Interest Rates Increase?

Why Did My Credit Card Interest Rates Increase?

As a credit card holder, you likely rely on your card’s terms to remain consistent. However, there are times when this doesn’t happen. For various reasons, your credit card issuer may increase your annual percentage rate (APR). This change can significantly impact your account. Your APR determines your monthly payments and how quickly you can […]

When are Car Interest Rates Going Down?

When are Car Interest Rates Going Down?

Rising interest rates have affected nearly every aspect of the economy, from grocery prices to loan costs. While the Federal Reserve paused increasing the federal funds rate at its June meeting, rates have climbed a total of 11 times during this economic cycle. As the summer car-buying season approaches, it’s essential to understand how these […]

What to Do after a Car Accident

What to Do after a Car Accident

Vehicle collisions are an unfortunate reality, often accompanied by significant financial implications. According to the National Safety Council (NSC), around 5% of the 235 million licensed drivers in the U.S. experience a motor vehicle accident. The costs associated with these incidents vary widely, spanning from $6,000 to well over $1 million, contingent on the accident’s […]

Is a HELOC Available for an Investment Property?

Is a HELOC Available for an Investment Property?

A home equity line of credit (HELOC) on an investment property involves borrowing against real estate that generates income or financial returns. Unlike borrowing against a primary residence, where you reside, a HELOC on an investment property uses non-primary residential property as collateral for borrowing funds. Although there has been increased interest in HELOCs in […]

A Guide to Roadside Assistance

A Guide to Roadside Assistance

If you find yourself stranded with a flat tire on a bustling highway, especially in the dead of night or lacking a spare in your trunk, roadside assistance can be a literal lifesaver. Yet, its benefits extend beyond merely dispatching a professional to change your tire. Roadside assistance proves invaluable when a vehicle becomes inoperable […]

Types of Mortgage Loans for Homebuyers

Types of Mortgage Loans for Homebuyers

Most of us require a mortgage to purchase a home, but these loans aren’t one-size-fits-all. To assist you in finding the right home loan for your needs, here’s a guide to the five main types of mortgages. Types of home loans There are five main types of mortgages, each with its own benefits and features: […]