Category: Personal Finance
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If you’re juggling bank accounts, swiping debit cards, popping into ATMs, settling bills by phone, or relying on direct deposits, getting cozy with Regulation E is a smart move. Often dubbed Reg E in everyday chatter, this regulation steps in as a guardian when funds vanish or mysteriously appear in your account via electronic channels—whether… read more
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Essential Insights Collect robust details on every credit card tied to the deceased, including any supplementary users. Contact each credit card issuer individually, adhering to their procedures for settling outstanding balances and formally terminating the cards. Properly dispose of all nullified cards and freeze credit files to shield against identity theft or fraudulent charges in… read more
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Key Insights at a Glance A home equity line of credit (HELOC) can be applied to a variety of needs, yet certain uses outperform others in terms of financial sense. HELOCs shine when funding projects or expenses that bolster your financial standing: home improvements, tackling high-interest debt, education costs, emergencies, entrepreneurship, or property acquisition. Luxury… read more
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Rated an impressive 4.5 out of 5 stars by Bankrate across its deposit products, Ally Bank operates exclusively online, providing an extensive lineup of financial services. Among its offerings, the money market account garners a commendable 4.4 out of 5 stars, reflecting solid customer satisfaction and competitive returns. Delving into Ally Bank’s Money Market Interest… read more
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Core Insights to Keep in Mind Drawing a clear line between essentials and extras plays a crucial role in managing monthly outflows. The 50/30/20 guideline remains a nifty compass to divvy up earnings: half for necessities, nearly a third for wants, and the rest for building savings or chipping away at debts. Prioritize must-haves like… read more
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Key Insights to Navigate Your Decision Your choice to either clear your mortgage or channel cash into investments ultimately hinges on your financial landscape and appetite for risk. Known as “good debt,” mortgages come with lower risk and interest compared to other loans. Still, if debt makes you jittery, knocking it out early could bring… read more
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Unveiling the Shadows of Credit Discrimination Applying solo for a credit card as a Black woman? That’s a straightforward reality I enjoy today—a stark contrast to pre-1974 days when lenders could lawfully turn me away just because of my gender or skin color. Back then, navigating the credit world meant more than just paperwork; it… read more
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Operated through alliances with a pair of FDIC-insured banks, this firm delivers two main deposit options. Overview of Chime Without a single brick-and-mortar outlet in sight, Chime stakes its claim as a fully online financial service, tailor-made for those who are content handling their banking exclusively via the internet. Although its lineup is slim with… read more
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Understanding the Nuts and Bolts of Wage Garnishment Picture this: a chunk of your paycheck vanishes before it even lands in your hands—that’s wage garnishment, a legal maneuver where your employer diverts part of your earnings to satisfy someone you owe money to. Often, this happens under the hammer of a court ruling and typically… read more
