Best small business bank accounts for June 2024

In a nutshell If you own a small business or are considering starting one, you’ll need to use a bank or another financial system (like a neobank) to conduct online and in-person transactions. A small business bank account allows small business owners the ability to conduct financial transactions to operate and maintain their business legally. … Read more

Best business savings accounts

In a nutshell If your business normally maintains significant deposit balances, you owe it to yourself to earn interest on those deposits by opening one of the best business savings accounts. Other reasons to open a business account include: Some legal structures for businesses require a business bank account. It makes accepting credit card payments … Read more

What is an FHA loan?

In a nutshell FHA loans are mortgages insured by the U.S. Federal Housing Administration (FHA), and these loans have more flexible qualification requirements than conventional mortgages. Down payments may be as low as 3.5% with an FHA loan. Borrowers with credit scores of 500 could qualify. Upfront and ongoing mortgage insurance premiums (MIPs) are required. … Read more

LendingClub personal loans review

In a nutshell Looking for a personal loan when your credit isn’t stellar isn’t easy. LendingClub makes it accessible for borrowers with fair-to-average credit to gain access to financing. LendingClub’s minimum required credit score is 600. LendingClub lets you change your payment due date, which can help you stay on top of your payments. LendingClub … Read more

Understanding federal student loan types: What you need to know

In a nutshell Federal student loans provide help for families looking to cover the cost of higher education. On average, tuition is $29,150 per year for public four-year, out-of-state schools, according to data from educational nonprofit College Board. That figure jumps to $41,540 for private schools. Like scholarships and grants, federal student loans are a way … Read more

What is collision insurance?

In a nutshell Collision insurance is part of a car insurance policy. If your car is damaged in an accident in which you’re at fault, your collision coverage will help pay to repair or replace it. Collision is not mandatory coverage under the law. If you finance your car with a loan or lease, your … Read more

What is homeowners insurance?

In a nutshell Homeowners insurance is a type of property insurance that provides a way for you to protect your house, which is likely your most valuable asset. Homeowners insurance is like other kinds of insurance in that you pay premiums for coverage, and in case you need to file a claim, you may pay … Read more