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☆ Chase Slate Edge Credit Card Review
▼ + stars: | 2023-08-28 | by ( Aaron Hurd | ) www.wsj.com time to read: +7 min

By Aaron HurdIf you’re one of the millions of Americans dealing with credit card debt — which recently hit a record $1.03 trillion — a balance-transfer credit card can offer temporary relief. That’s exactly what the Chase Slate Edge, our pick for Best Balance-Transfer Credit Card, delivers. But the thing that gives the Slate card the edge is how it helps you improve your credit score. If this is you, the automatic credit line increases you can earn with the Chase Slate Edge will give your credit score a boost while you pay off your credit card balance. We preferred credit cards with longer balance transfer promotional periods and lower balance transfer initiation fees.

Persons: Aaron Hurd, you’ve, Chase Organizations: Slate, Chase, Chase Slate, Slate Edge, Wings, Navy Federal Credit Union, Navy Federal

Credit scores usually drop at least 100 points or more after bankruptcy is added to a credit report. As such, if a bankruptcy is added to your credit report, it can have a severe negative impact on your credit score. More Information No hard credit report pullReports to all 3 bureausBuild credit AND savingsJoin over 1 million credit buildersUnlock a Secured Credit Card after meeting eligibility criteria24 months loan durationCan you remove a bankruptcy from your credit report? Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.8/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Aura's website Learn more On IDShield's website Learn more On IdentityForce's websiteFinal thoughtsRemember, bankruptcy is just one of various debt relief options. If you're patient and commit to following good credit habits, your credit score will slowly but surely rise.

Persons: myFICO, you'll, You'll Organizations: Service, Visa, Card, Credit Monitoring, Chevron Locations: Wall, Silicon

☆ Here's what to do if you could only afford a used vehicle and are saddled with high interest rates
▼ + stars: | 2023-08-25 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

I Love Images | Cultura | Getty ImagesRising interest rates are pushing auto loan rates upwards for both new and used cars across the U.S. "If you have good credit, you get lower interest rates," he said. "If you have poor credit, you're going to get higher interest rates." Interest rates on used cars currently are the highest in Alabama, Georgia, Louisiana, Mississippi, Nevada, New Mexico, Ohio, South Carolina and West Virginia. The longevity risk associated with used cars is yet another factor driving up interest rates for car shoppers, Yoon said.

Persons: Edmunds, Joseph Yoon, Tom McParland, McParland, Here's, Yoon Organizations: Getty, U.S, Automatch Consulting, WalletHub, Finance, AAA Locations: Alabama , Georgia, Louisiana , Mississippi , Nevada , New Mexico , Ohio, South Carolina, West Virginia, Ohio, New Mexico, Massachusetts

☆ As credit card debt tops $1 trillion for the first time, 'a huge test' for cardholders is coming
▼ + stars: | 2023-08-08 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

watch nowCollectively, Americans now owe more than $1 trillion on credit cards. Total credit card debt rose nearly 5%, or roughly $45 billion, in the second quarter to a new high of $1.03 trillion, according to a new report on household debt from the Federal Reserve Bank of New York. "One trillion dollars in credit card debt is staggering," Schulz added. "Credit card balances saw brisk growth in the second quarter," Joelle Scally, regional economic principal in the New York Fed's research and statistics group, said in a statement. On the heels of another rate hike last month by the Federal Reserve, the average credit card rate is also more than 20% on average, another all-time high.

Persons: Matt Schulz, LendingTree's, Schulz Organizations: Federal Reserve Bank of New, New York Fed, Federal Reserve Locations: Federal Reserve Bank of New York, York

Municipal Credit Union Personal Loan DetailsMunicipal Credit Union offers personal loans for a variety of purposes. See our picks for the best debt consolidation loans »Municipal Credit Union Personal Loan Pros and ConsPros Cons Excellent rates. Municipal Credit Union TrustworthinessMunicipal Credit Union has an A+ rating from the Better Business Bureau, a nonprofit organization focused on consumer protection and trust. Municipal Credit Union Personal Loans CompetitorsMunicipal Credit Union Personal Loans vs. First Tech Personal LoansFirst Tech Personal Loan and Municipal Credit Union have similar minimums. Municipal Credit Union Personal Loans vs. Navy Federal Personal LoansYou can get the smallest loan amount with Navy Federal Credit Union Personal Loan, as the credit union offers loans as small as $250Navy Federal has more stringent membership requirements than Municipal Credit Union, as you only qualify if you are an active military member, veteran, or employee or retiree of the Department of Defense.

Persons: You'll, you'll, Formally, Municipal Credit Union hasn't Organizations: Municipal Credit, Credit, Municipal Credit Union, New, Loan, Municipal, Chevron, Union, Better Business Bureau, BBB, First Tech, Financial, Navy, Navy Federal Credit, Federal, Department of Defense Locations: New York, New York City, York, Oregon

See Insider's picks for the best personal loans >>Compare Personal Loan RatesHere's how you can get approved for a $20,000 loan from a credit union, bank, or online lender. $20,000 loan offersThere are plenty of personal loan options out there for folks shopping around for a good deal on a $20,000 loan. You can take out a loan as low as $5,000 and as high as $100,000, so a $20,000 loan is more than doable with SoFi. How to get a $20,000 loan FAQsHow much would a $20,000 loan cost per month? The monthly cost of a $20,000 loan can vary greatly based on the annual percentage rate (APR) and the terms of your loan.

Persons: —, It's, You'll, you'll, SoFi, Wells Organizations: Service, Social, National Credit Union Administration, Wells Fargo, Wells, PenFed Credit, Avant, Chevron Locations: Wells Fargo, Massachusetts , Ohio, New Mexico, Georgia

See Insider's picks for the best personal loans >>Compare Personal Loan RatesHow to get a $5,000 loanYou'll need to meet some lender qualification requirements before you can be approved for a $5,000 loan. How to qualify for a $5,000 loan with bad creditCredit scores are key in determining whether or not you'll be able to pay back your loan. Insider's Featured Personal Loan Companies LightStream Personal LoanMarcus Personal LoanSoFi Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. How to get a $5,000 loan FAQsHow much would a $5,000 loan cost per month? The monthly cost of a $5,000 loan can vary greatly based on the regular annual percentage rate (APR) and the terms of your loan.

Persons: —, You'll, they'll, Goldman Sachs, Avant, you've Organizations: Service, Social, National Credit Union Administration, PenFed Credit, Chevron Locations: Massachusetts , Ohio, New Mexico, Georgia

Credit score and history: Your credit score and history are key to getting your loan approved for a personal loan. How to qualify for a $10,000 loan with bad creditA good credit score is essential when getting approved for a $10,000 loan. $10,000 loan offersIf you're looking to take out a $10,000 loan, here are some lenders worth considering:LightStream is best for borrowers with excellent credit scores, but you can still qualify with a score as low as 660. How to get a $10,000 loan FAQsHow much would a $10,000 loan cost per month? The cost per month for a $10,000 loan can vary greatly based on the regular annual percentage rate (APR) and the terms of your loan.

Persons: —, you've, They're, LightStream, SoFi, Avant Organizations: Service, Social, National Credit Union Administration, SoFi, PenFed Credit, Avant, Chevron Locations: prequalification, Massachusetts , Ohio, New Mexico, Georgia

Review: Is Discover it® Balance Transfer the Best Credit Card for You? Discover it Balance Transfer Card RewardsThe card offers a generous cash-back rewards structure. With the 0% intro APR on balance transfers, there's an intro balance transfer fee of 3% of the amount of each transfer that post to your account by September 10, 2023. Yes, the Discover It Balance Transfer Credit Card allows balance transfers. Yes, the Discover It Balance Transfer Credit Card has an an intro balance transfer fee of 3% of the amount of each transfer.

Persons: you've, you’ve, Cardholders, It's, cardholders, you'll Organizations: Discover, Reading Chevron, Wholesale, PayPal, American Cancer Society, Children's Miracle Network, Diabetes Research Foundation, World Wildlife Fund, JCB, U.S, Bank Locations: Japan, skylines

Our experts answer readers' student loan questions and write unbiased product reviews (here's how we assess student loans). See Insider's picks for the best lenders to refinance student loans >>If you have federal student loans, you have options for debt forgiveness, including Public Service Loan Forgiveness and Income-Driven Repayment Plans. Insider's Featured Student Loan Refinance Companies SoFi Student Loan RefinancingSplash Financial Student Loan RefinancingEarnest Student Loan Refinancing Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Show more Variable: 5.32 % - 8.94%, Fixed: 4.96% - 8.99% (with AutoPay discount) Editor's Rating 3.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Apply now Apply now Apply now2. While private student loans aren't eligible for forbearance in the same way federal student loans are, you still have options if you're struggling to keep up with your payments.

Persons: —, Pell Grant, Autopay, forbearance Organizations: Service, Public, Biden, Loan, SoFi, AutoPay, Federal Reserve Bank of New, AK, IL, forbearance Locations: Federal Reserve Bank of New York, MN, NH, OH, TN, TX, California, Florida, Texas, In Texas

☆ US credit card debt stands at a record of nearly $1 trillion. 5 moves to pay down your balance
▼ + stars: | 2023-05-15 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

While balances are higher, nearly half of credit card holders carry credit card debt from month to month, according to a separate Bankrate report. Here's what experts recommend:Five ways to tackle high-interest credit card debt1. Snag a 0% balance transfer credit card. Cards offering up to 21 months with no interest on transferred balances are one of the best weapons Americans have in the battle against credit card debt, Schulz said. Ask for a lower credit card rate.

PenFed Auto Loans Frequently Asked QuestionsIs PenFed good for auto loans? What credit score is needed for a PenFed auto loan? PenFed Auto Loans CompetitorsHow PenFed compares PenFed Auto LoanNavy Federal Auto LoansPNC Auto Loans Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. How we rate auto loansWe rate all auto loan products in our reviews and guides on a 1-5 scale. See our ratings methodology for auto loans »Ryan Wangman, CEPF Loans Reporter Ryan Wangman is a reporter at Personal Finance Insider reporting on personal loans, student loans, student loan refinancing, debt consolidation, auto loans, RV loans, and boat loans.

☆ Your credit card debt is probably about to get more expensive—here’s why
▼ + stars: | 2023-05-11 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

The Federal Reserve's latest interest rate hike means your credit card debt will likely get more expensive to pay off if you carry a balance month to month. However, it's rare that you'll receive a credit card with that interest rate. Typically, credit card interest rates are much higher to account for the costs incurred by the card issuer and the risk of some cardholders not paying back their debt, Rossman says. Currently, the average credit card annual percentage rate (APR) is about 22% for new offers and 20% for existing accounts, according to WalletHub's "Credit Card Landscape Report." Tips for tackling credit card debt

☆ Credit card companies need to explain the 'exorbitant' late fees they're charging customers, says Elizabeth Warren
▼ + stars: | 2023-05-09 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +6 min

Sen. Elizabeth Warren wants to know if credit card companies stand with the banks. Currently, credit card companies are permitted to fine consumers up to $41 for each missed credit card payment — no questions asked. The other nine credit card companies Warren sent the letter to did not immediately reply to a request for comment. She wanted to know why reducing credit card late fees would be any different. Warren also asked each credit card company to answer how much money they collect in credit card fees each year — and the proportion from low-income earners — and the actual cost of collecting those fees.

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Plus, the existing TD Double Up℠ Visa Credit Card and TD Cash Credit Card each got a makeover, with customer-friendly updates that make it easier to earn maximum rewards. Here's a look at the new TD credit cards and existing card improvements to help you decide if they're worth it. TD credit card changesNew TD credit cardsThe new TD Clear and TD FlexPay Credit Card aren't for folks who love to earn and use credit card rewards for free travel or cash back. Enter the newly remodeled TD Cash Credit Card: While it's always offered strong bonus categories, they were previously fixed.

Pros Check mark icon A check mark. Pros Check mark icon A check mark. Geoff Cudd, Owner of FindTheBestCarPrice.comKareem Saleh, founder and CEO of FairPlay AIRyan Wangman, loans reporter at Personal Finance InsiderHow to Choose the Best Auto Loan for Bad CreditTo pick the best auto loan, take stock of the factors that are most important to you. See our full ratings methodology for auto loans »Auto Loans for Bad Credit Frequently Asked QuestionsCan I get auto financing with a 500 credit score? Our Experts' Advice for Choosing the Best Auto Loan for Bad CreditCan you get an auto loan with bad credit?

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Our Experts for the Best Personal Loans With No Origination FeesWe consulted personal loan and financial experts to give their insights into finding the best personal loans with no origination fees. Personal Loan With No Origination Fees Frequently Asked QuestionsCan you get a personal loan without an origination fee? How to Choose the Best Personal Loan With No Origination FeesTo select the best personal loan for you, look at the factors that are most important to you. Methodology: How we chose the best personal loans without origination feesWe rate all personal loan products in our reviews and guides on a 1-5 scale.

Students with a limited credit history are unlikely to be approved for the best credit cards, and even some student credit cards require good to excellent credit. Step is a secured credit card that has a dynamic credit limit that is attached to the bank account balance -- it operates like a debit card but it is a credit card, which is what enables the unique credit building feature. Best Credit Cards for Students With No Credit of 2023Methodology: How we chose the best credit cards for students with no creditInsider's credit cards team looked at dozens of student credit cards, secured credit cards, and starter credit cards and narrowed down the list by choosing only those that students with limited or no credit have a good chance of qualifying for. Credit Cards for Students With No Credit Frequently Asked Questions (FAQ)Which credit card is best for students with no credit? US Bank Altitude Go Secured Credit Card ReviewBest for Students Under 18Step Secured Visa CardWhile credit card accounts are only available to those aged 18 and over, the Step Secured Visa Card offers a solution for students looking to build credit who haven't yet reached legal adulthood.

Your credit limit is the maximum amount you're allowed to spend on a credit card. Credit card issuers extend a credit limit based on debt, income, and ability to repay the amounts you charge to your card. Your credit limit is your borrowing capacity, or the amount of money you can charge to your credit card. And if that's not possible, you can consider moving your existing balance to a balance transfer credit card before you approach your credit limit. Increase your credit limit by requesting an increase from your card issuerWhat to know about going over your credit limitGoing over your credit limit is a worst-case scenario, and most alternatives are a better choice.

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). Our Experts for the Best Personal Loans With No Origination FeesWe consulted personal loan and financial experts to give their insights into finding the best personal loans with no origination fees. See our full ratings methodology for personal loans »Best personal loans without origination fees LightStream Personal LoanSoFi Personal LoanDiscover Personal LoanWells Fargo Personal LoanPenFed Credit Union Personal LoanUSAA Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Personal Loan With No Origination Fees Frequently Asked QuestionsCan you get a personal loan without an origination fee? How to Choose the Best Personal Loan With No Origination FeesTo select the best personal loan for you, look at the factors that are most important to you.

To help you get started, CNBC Select rounded up a list of the best mortgage lenders first-time homebuyers should consider. Types of loans offered: The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. Fees: Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees. Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees.

☆ Credit card debt is at an all-time high, putting households near 'breaking point,' study shows
▼ + stars: | 2023-03-09 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

That will cost credit card borrowers an extra $3.4 billion in interest charges over the next 12 months, WalletHub calculated. How to tackle credit card debt"Something has to give," Gonzalez said. It's time to rein in spending, pay off debt and avoid any new debt, she added. Zero percent balance transfer credit card offers are even more plentiful than they were a year ago and remain one of the best weapons Americans have in the battle against credit card debt, he said. Those rates have climbed recently, as well, but at 10%, on average, are still well below what you currently have on your credit card, according to Schulz.

☆ U.S. CFPB's bid to curb late credit card fees faces strong opposition
▼ + stars: | 2023-03-06 | by ( Niket Nishant | ) www.reuters.com time to read: +2 min

Fitch identified Discover Financial Services (DFS.N), Capital One Financial (COF.N), Synchrony Financial (SYF.N) and Bread Financial Holdings (BFH.N) among those at risk. Credit card companies typically rely on late fees to act as a bulwark against spending volumes tapering off when the economic environment is tough. If the CFPB's rule is implemented in its current form, it could reduce those fees by as much as 75% annually, the agency said. Michael Taiano, senior analyst at Fitch Ratings, said card companies could potentially resort to legal action to delay enforcement of these rules. "They could also respond by introducing other fees, like statement charges, which would charge a customer every time they request a statement," Taiano said.

Balance transfer fee: Many balance transfer cards charge a fee per transfer. Learn more: How 0% APR cards work and how to complete a balance transferWhat credit score is required for 0% APR credit cards? Most 0% APR credit cards are reserved for consumers with good (670-739) or excellent (740 and greater) credit. 8 things to know before applyingWhat's the best way to use a 0% APR credit card? When you apply for a credit card (including a 0% APR card), you'll have a hard credit pull on your credit report, which typically comes with a dip of a few points in your credit score.

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