How to Finance a New Car When Interest Rates Are Ridiculous

Photo: Quoteinspector.com (Flickr)That car purchase you’ve been mulling over might be more expensive than you anticipated. Car loan interest rates are the highest since 2009, Ronald Montoya of Edmunds writes. The average APR for new financed vehicles was 6.4% in March. For used cars, it was 9.5%.“While these rising auto loan rates are a sign…

These Are the Only Three Money Apps You Need

How many money apps do you have? Turns out, the perfect number might be three: a budgeting app, an investment tracker, and a credit monitoring service.At Business Insider, Eric Rosenberg explains that these three apps are “the three most important tools I use to manage my own personal finances whether I’m on my laptop or…

Amazon Will Give You $5 For Placing Your First Order Through Its Mobile App

Image: PexelsIf you’re an Amazon Prime member, then taking a picture of the next package you receive from the service could potentially earn you $5.Amazon is currently running a promotion where Prime users can score a $5 Amazon credit when they take a snapshot of the box tape used on their Amazon package when it…

I’ve opened more than a dozen credit cards and figured out exactly how opening a card for the bonus affects my credit

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. Business Insider may receive a commission from The Points Guy Affiliate Network, but our reporting and recommendations are always independent and objective.New credit cards temporarily lower your credit score, but using them responsibly can raise your credit…

5 Mistakes That Sabotage Your Company’s Bank Credit Score

Bank Loans Yes, there are many types of creditors from which you can get funding for your business. But here’s why good bank credit is one of the most important. Image credit: PeopleImages | Getty Images April 12, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Bank credit is the full…

What to Do If Your Credit Card Application Was Rejected

Photo: Getty ImagesNo one likes to admit that they’ve been rejected for a credit card, but it happens to more of us than you might think.According to the National Foundation for Credit Counseling, of the 19% of people who applied for a new credit card in 2018, 8% percent also got rejected. Meaning quite a…

4 credit score horror stories that could happen to anyone

A person’s credit score determines the likelihood they’ll repay debt.Simple mistakes or oversights can sink a credit score.Getting caught up in life events such as the purchase of a new home or going on vacation can make it easy to overlook seemingly minor financial mistakes.Thankfully, all of the people in these credit score horror stories…

The best way to build your credit is the same strategy people use to build wealth

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective.It can seem intimidating to build your credit score, but it’s not hard to maintain once it’s established.Your credit…

How Paying Your Credit Card Minimum Puts You in a Debt Spiral

Image: Ludde Lorentz on UnsplashIf you have a credit card, you should, theoretically, know how missing a payment or paying off less than your total balance each month can lead to a debt spiral. The interest rate on credit cards is very high compared to other financial products, and it compounds when you don’t pay…

The Difference Between Hard and Soft Credit Inquiries

Image: rawpixel on UnsplashIf you’ve received credit offer after offer in which you’re “pre-approved” for a certain product, you may wonder how the lender made their decision. The insurance/credit card/mortgage company likely made a “soft” credit inquiry into your report without your permission, allowing them a glimpse of your credit.Soft credit inquiryIn addition to those…