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What is credit utilization? (and how to improve it)

What is credit utilization? (and how to improve it)

Your credit utilization rate measures the balances of your revolving accounts against your credit limits. Naturally, your ratio can influence your credit scores. A low utilization rate could improve your credit scores while a high utilization rate may hurt them.

What is car refinancing & how does it work?
Auto loan refinancing is when you use a new car loan to pay down your old loan—often with a lower monthly payment or interest rate. 
Auto Refinance
Apr 7, 2025
7 min read
What is car refinancing & how does it work?
What is debt consolidation?
Debt consolidation is a debt management strategy that uses methods like a debt consolidation loan to combine multiple debts into an easy-to-manage monthly payment—usually with a lower interest rate.[1]
Personal Loan
Apr 6, 2025
7 min read
What is debt consolidation?
Can allowances help kids build smart financial habits?
Allowances are common in the U.S., but it’s important to weigh out the pros and cons before giving your kids an allowance.
Personal Finance
Apr 5, 2025
4 min read
Can allowances help kids build smart financial habits?

Personal Finance

What is credit utilization? (and how to improve it)

What is credit utilization? (and how to improve it)

Your credit utilization rate measures the balances of your revolving accounts against your credit limits. Naturally, your ratio can influence your credit scores. A low utilization rate could improve your credit scores while a high utilization rate may hurt them.

Can allowances help kids build smart financial habits?
Allowances are common in the U.S., but it’s important to weigh out the pros and cons before giving your kids an allowance.
Personal Finance
Apr 5, 2025
4 min read
7 Financial lessons every teen needs to know
A growing number of school districts are adding financial literacy to the high school curriculum with the goal of increasing teen’s financial skills. Do you remember learning about money?
Personal Finance
Apr 2, 2025
7 min read
7 ways to practice self-care on a budget
Self-care doesn't have to be expensive. Here are some creative, low-cost strategies to boost your mental well-being.
Personal Finance
Apr 1, 2025
6 min read
See All

Personal Loan

What is debt consolidation?
Debt consolidation is a debt management strategy that uses methods like a debt consolidation loan to combine multiple debts into an easy-to-manage monthly payment—usually with a lower interest rate.[1]
Personal Loan
Apr 6, 2025
7 min read
Does debt consolidation hurt your credit score?
Consolidating debt often helps your credit—at least over the long term. A lower interest rate and a single fixed monthly payment make it easier to pay down debt, and lower credit card balances and on-time loan payments often help raise your score.
Personal Loan
Feb 18, 2025
6 min read
How to evaluate your loan offer (and know if it’s right for you)
There are many situations when borrowing money, such as when buying a home, financing an education, growing a business, making home repairs and improvements, or consolidating debt (such as with a personal loan), can make good sense.
Personal Loan
Feb 11, 2025
7 min read
Do you understand the time value of money?

Do you understand the time value of money?

The time value of money means money today is worth more than the same amount in the future due to its earning potential. It reflects the benefit of receiving money now versus later.

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Personal Savings

​Financial Independence, Retire Early (FIRE) movement explained

​Financial Independence, Retire Early (FIRE) movement explained

What does it take to achieve financial independence early in life? The end goal for many FIRE followers is early retirement—but it’s not the only goal.

CD early withdrawal penalty: What you need to know
What happens when you take money out of a CD before the maturity date? Here's everything you need to know, including how CD early withdrawal penalties are calculated, how to avoid these fees, and when incurring them might be a good idea.
Personal Savings
Jun 26, 2024
6 min read
What is a high-yield savings account & do you need one?
Savings accounts are considered a low-risk and highly liquid place to hold cash—and typically provide a very low annual return. Recently, high-yield savings accounts are proving to be the exception.
Personal Savings
Jun 26, 2024
5 min read
Understanding Average American's Savings by Age
Find out how your savings stack up against other people your age—and what you can do to grow your savings at any stage of life.
Personal Savings
Sep 18, 2023
10 min read
See All

Personal Checking

Guide to banking online
Chances are, you’re managing money differently today than you were a few years ago. If your shopping, spending, and money management have moved online and onto your phone, you might want to consider whether an online-only bank is a fit for you.
Personal Checking
Sep 30, 2024
7 min read
How to open a bank account online

How to open a bank account online

Opening a bank account online is a convenient way to manage your money without setting foot in a local branch. Today, many online-only banks, traditional banks, and credit unions have easy online applications, so you can shop around and open an account from the comfort of your home.

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Auto Refinance

What is car refinancing & how does it work?

What is car refinancing & how does it work?

Auto loan refinancing is when you use a new car loan to pay down your old loan—often with a lower monthly payment or interest rate. 

Does refinancing a car hurt your credit score?
Your credit score may be impacted when you refinance your auto loan thanks to a hard credit check, but the effects are typically short-lived.   
Auto Refinance
Mar 19, 2025
6 min read
What is the total cost of owning a car?
The total cost of owning a car includes the purchase price, interest on loans, insurance, fuel, maintenance, repairs, taxes, registration, depreciation, and unexpected expenses.
Auto Refinance
Feb 5, 2025
3 min read
Pros and cons of leasing vs. buying a car
Should you lease or buy your next car? Leasing costs less on a monthly basis and puts limits on how you can use your car. Buying comes with ownership responsibility but will cost you less in the long run.
Auto Refinance
Jan 15, 2025
7 min read
See All

Business Loan

How to Get Your First Small Business Loan
A small business loan can help you get the cash you need to grow your business. Getting a business loan can sometimes be tricky, especially if you’re a new business owner.
Business Loan
Jun 23, 2024
6 min read
7 Recession-Proof Small Businesses

7 Recession-Proof Small Businesses

Some small businesses seem to thrive no matter what the economy is doing. What’s their secret? Here are a few business ideas to consider and tips to help you bake some resiliency into your venture.

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Business Checking

5 benefits of opening a business checking account

5 benefits of opening a business checking account

You’ve probably heard the saying, “keep your personal and your business life separate.” Well, the same motto can be applied to your small business banking. When you open a business, one of your first tasks should be to open a ​business checking account.

What you need & how to open a business bank account
To open a business bank account, you’ll need to choose a bank, gather documentation to apply, and have funds on hand for an initial deposit.
Business Checking
Jul 9, 2024
5 min read
See All

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A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $19,389 for a term of 36 months, with an interest rate of 11.75% and a 6.00% origination fee of $1,163 for an APR of 16.10%. In this example, the borrower will receive $18,226 and will make 36 monthly payments of $642. Loan amounts range from $1,000 to $40,000 and loan term lengths range from 24 months to 72 months. Some amounts, rates, and term lengths may be unavailable in certain states.

For Personal Loans, APR ranges from 7.90% to 35.99% and origination fee ranges from 0.00% to 8.00% of the loan amount. APRs and origination fees are determined at the time of application. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of Jan 9, 2025 and are subject to change without notice.

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