PM Images/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Personal loan amounts of $50,000 are offered by banks, credit unions, online lenders and marketplace…
Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways Unsecured loans aren’t backed by collateral, making them a higher risk for lenders. Unsecured business loan rates vary, ranging from 7% to 75% APR. With…
Hispanolistic/Getty Images Key takeaways The time it takes to raise your credit score depends upon the reason(s) that your score is lower in the first place. The longer your accounts are open and in good standing, the better it will reflect on your credit score. You can do several things…
Key takeaways If you need money now but can’t get a loan, products like emergency loans and payday loans may be appealing. These options may come with higher interest rates and shorter repayment timelines than a standard personal loan. Payday loans and some no-credit-check loans can have fees that translate…
Westend61/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Before signing off on an auto loan, crunch the numbers to ensure you can afford your new set of wheels. To find how much you’ll spend on interest, use an auto loan calculator, work it out yourself or talk to a lender. Factors…
Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways When you prepay your mortgage, you pay extra toward the loan principal. This helps you pay your loan off sooner and save money on interest. There are many ways to prepay a mortgage, including through biweekly payments, periodic extra payments or…
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Americans are facing rising electricity costs around the country as winter weather and the rise of artificial intelligence (AI) data centers increase demands on the electric grid. Electricity prices have risen faster than the pace of…
