The Motley Fool

APRIL 21, 2024

In honor of Earth Day, April 22, 2024, let's look at a few interesting banks that are taking action to fight climate change -- and how your banking decisions can make a difference. You might not know it, but the money in your bank account could be getting used to help make loans to an oil company or a coal mine.

Banks 238

Banks Accounting Financing Finance 238

The Motley Fool

APRIL 12, 2024

Image source: The Motley Fool/Upsplash If you're taking out a personal loan and you need it to be a big one, you might be wondering what the maximum amount you can borrow is. Unfortunately, there's not one simple answer to that question because it depends on a few things, including your personal finances and the lender you pick.

Debt 130

Debt Legal Financing Finance 130

The Motley Fool

NOVEMBER 14, 2023

Featured offers: compare interest rates for the best personal loan options here So you want to buy a used car? Not checking your financial status first Before you start looking at used cars, take a little time to sit down with your finances. Finally, decide how much money you can put down for the purchase. in October.

Financing 237

Financing Finance Banks Prospects 237

The Motley Fool

DECEMBER 17, 2023

Featured offers: compare interest rates for the best personal loan options here One big misconception about the Fed is that it's tasked with setting consumer interest rates -- rates for products like mortgages and personal loans. Meanwhile, auto loan rates have been up this year as part of a broad trend.

Financial Institutions 225

Financial Institutions Debt Prospects Banks 225

The Motley Fool

MARCH 5, 2024

Image source: Upsplash/The Motley Fool Do you know what makes the biggest difference between people being happy or unhappy with their personal finances? Among people who are "unhappy" with their finances, only 20% said that they had earned enough money during the past year.

Financing 240

Financing Finance Accounting Banks 240

The Motley Fool

APRIL 7, 2024

Read more: we researched free tax software and put together a list of the best options here Let's see what Americans told Trustpilot about their hopes and dreams for how to use their 2024 tax refunds. Image source: The Motley Fool/Upsplash Do you have big dreams for your tax refund? Tax refunds are a financial lifeline for many U.S.

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Taxes Debt Financing Finance 237

The Motley Fool

MAY 24, 2024

Image source: Getty Images A 2022 survey by Capital One found that 73% of individuals identified their finances as a major contributor to their stress levels. Here's how it works: Make a list of your debts, how much you owe, and the current interest rate on each, from highest to lowest. Debt is a temporary situation.

Debt 130

Debt Financing Finance Banks 130

The Motley Fool

JANUARY 6, 2024

Personal loans are often a better choice. Featured offers: compare interest rates for the best personal loan options here There's another huge benefit that comes with getting a personal loan that can make it a great way to finance purchases. Here's what it is.

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Financing Finance Debt 130

The Motley Fool

MAY 26, 2024

Image source: Getty Images According to a survey by Greenwald Research, 52% of workers have calculated how much money they'll need in retirement and have started to save more as a result. How much money we end up with in retirement may vary. How much money we end up with in retirement may vary. Next, create a detailed budget.

Debt 130

Debt Financing Finance Funds 130

The Motley Fool

MARCH 19, 2024

You probably have closets or garages in need of cleaning out, but don't forget to give your finances a cleanse, too. Add them to your list to see how much they can save you in 2024. Flag every recurring purchase and note what it's for and how much it costs. But there's no sense in paying for a service you're not using.

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Debt Financing Finance Accounting 244

The Motley Fool

MAY 1, 2024

Moreover, only 42% have their financing needs met, emphasizing a significant gap in financial services for these businesses. Tap into nonprofit organizations for loans Believe it or not, nonprofits were a game changer for me. They loaned me $25,000, which was a substantial amount to kick things off.

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Crowdfunding Angel Investors Funds Venture Capital 242

The Motley Fool

SEPTEMBER 20, 2023

But this year, you might really end up in over your head if you're forced to sign a new auto loan. We can attribute that to a combination of higher vehicle prices and financing rates on the heels of the Federal Reserve's recent string of interest rate hikes. During the first quarter of 2023, the auto loan delinquency rate was 6.9%.

Debt 233

Debt Financing Finance Assets 233

The Motley Fool

JANUARY 15, 2024

But just how many Americans owe, and what should you do if you're one of the many who is carrying a balance? Here's how many Americans are in credit card debt Credit card debt is the most common type of debt, according to the Federal Reserve. Among those who owe, the median family had a balance of $2,700 in 2022.

Debt 246

Debt Financing Finance Funds 246

The Motley Fool

SEPTEMBER 19, 2023

But you can also take out a mortgage loan with someone else without being married to them. After all, relationships are like personal finance -- personal. So you have a veritable ton of options for home loans, including the more common types (like conventional loans and FHA loans ) as well as more specialized loans.

Financing 246

Financing Finance Stakes Taxes 246

The Motley Fool

MAY 6, 2024

Image source: The Motley Fool/Upsplash If you have credit card debt that you'd like to pay off, two financial tools you can use to help knock out your debt as quickly and efficiently as possible are balance transfers and personal loans. Here's a quick guide to both options and what you should keep in mind before you decide.

Debt 130

Debt Financing Finance Companies 130

The Motley Fool

JUNE 30, 2023

Ramsey recently shared a video about a common personal finance mistake that "broke people" make, and it's something that holds lots of people back. Ramsey recently shared a video about a common personal finance mistake that "broke people" make, and it's something that holds lots of people back.

Financing 241

Financing Finance Debt Accounting 241

The Motley Fool

MAY 16, 2024

Featured offer: save money while you pay off debt with one of these top-rated balance transfer credit cards Find out when your introductory period ends A 0% introductory APR can be very appealing, whether you have existing debt you're trying to shake or you want to finance a purchase interest-free.

Debt 130

Debt Financing Finance 130

The Motley Fool

JULY 1, 2023

You have the business down to a fine art and now want to see how far you can take it. This is how one SBA loan program can help. The SBA Express Program loan can provide an influx of cash Whether you operate an online business or have several small shops spread across town, the SBA has well-tested ways to help.

Collateral 225

Collateral Financial Institutions Financing Finance 225

The Motley Fool

MARCH 9, 2024

They're pretty popular, especially since they are more accessible than other forms of funding to start a business (such as loans). of survey respondents who opened a business credit card did so because they could not access other conventional financing. Do you struggle with keeping personal and business expenses separate?

Taxes 245

Taxes Accounting Financing Finance 245

The Motley Fool

MARCH 24, 2024

A big part of women's history is about money: when, whether, and how women are allowed to earn their own money, control their own money, and make their own decisions about personal finances. That's right: until 1974, women didn't have the right to open their own credit cards. The word "credit" is based on the idea of trust.

Banks 264

Banks Financial Institutions Venture Capital Financing 264

The Motley Fool

MARCH 13, 2024

Image source: Getty Images Many homeowners finance their home purchase with a mortgage loan. A higher interest rate will result in you paying more interest throughout the life of the loan. Unfortunately, home loan rates have been higher in the last year. Find out how much you could save with lower mortgage interest rates.

Financing 130

Financing Finance Taxes Banks 130

The Motley Fool

FEBRUARY 14, 2024

Image source: Getty Images When someone applies to take out a personal loan , lenders look at their financial credentials like their income and credit score. If those credentials aren't solid, a lender may deny the applicant a loan or only offer a loan at a very high rate. How much will the monthly payments be?

Debt 130

Debt Legal Financing Finance 130

The Motley Fool

MAY 9, 2024

I have started three different businesses and I know how exciting that initial phase can be. More than that, when it comes to building your team, getting financing, and launching your company, you will likely need help from your network. This will help you know how to position yourself and how you will stand out.

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Collateral Liabilities Accounting Financing 246

The Motley Fool

NOVEMBER 20, 2023

I feel your pain -- I have also been watching mortgage rates climb since early 2022 and wondering if I've missed the boat on getting an affordable mortgage loan. The average rate for a 30-year fixed mortgage loan is currently sitting at 7.44%, according to Freddie Mac -- this is down from 7.79% just a few short weeks ago.

Debt 244

Debt Financing Finance Accounting 244

The Motley Fool

SEPTEMBER 2, 2023

A credit report is a record of how you've managed borrowed money, such as personal loans, credit cards, and mortgages. If you've made all your payments on time and paid off, say, an auto loan on time and in full, that'll be reflected on your credit report. Your finances have been compromised It could happen at any time.

Financing 246

Financing Finance Financial Institutions Accounting 246

The Motley Fool

JANUARY 22, 2024

Image source: Getty Images When you take out a personal loan , the amount you borrow and the rate that you pay will determine both how much your monthly payments are and how much the loan costs you in total over time. You should also get quotes from at least three to five different personal loan lenders.

Debt 130

Debt Banks Financing Finance 130

The Motley Fool

DECEMBER 22, 2023

If that's your situation, a personal loan could be one way to foot the bill. Featured offers: compare interest rates for the best personal loan options here Before you get a personal loan to pay for presents, you need to understand just how much more your holiday gifts will cost you if you go this route.

Financing 130

Financing Finance Funds 130

The Motley Fool

APRIL 25, 2024

If you're buying a home in that price range, you probably need to finance it with a mortgage -- unless, of course, you happen to just have around $400,000 sitting in your bank account waiting to be spent. As such, lenders tend to do a pretty thorough job of vetting applicants' finances before writing these large loans.

Debt 130

Debt Taxes Banks Financing 130

The Motley Fool

SEPTEMBER 26, 2023

It's a wise strategy, but sometimes, making loan payments comes at the cost of putting money aside for retirement. Featured offers: compare interest rates for the best personal loan options here So, how can Americans save for their future while tackling loan payments?

Debt 246

Debt Accounting Banks Financing 246

The Motley Fool

APRIL 25, 2024

This insurance coverage protects lenders when homeowners default on their home loans. I recently wrote about how I ditched my PMI after achieving 20% equity in my home. If you plan to make a smaller down payment when buying, you should budget for PMI so you're not surprised when your first home loan bill arrives.

Financing 130

Financing Finance Accounting Funds 130

The Motley Fool

MAY 8, 2024

Let's look at a few of the biggest challenges in starting a small business, and how you can solve these problems. Forming a legal business entity can help you establish a separate identity for your company that is different from your personal identity and personal finances.

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Legal Banks Taxes Professional Services 130

The Motley Fool

JUNE 27, 2023

How does a car lease work? A car lease is an agreement between a person and a dealership that allows the person to use a car for a predetermined amount of time, typically two to three years. During this period, the person pays a monthly fee, which covers the depreciation of the vehicle as well as interest on the lease.

Depreciation 234

Depreciation Financing Finance Buyout 234

The Motley Fool

FEBRUARY 15, 2024

It's that time again when we're all buzzing with resolutions, and for many of us, improving our personal finances is at the top of the list. This year could be the year you turn things around and get a firm grip on your finances. This is especially true for tackling one of the most common challenges we face: managing our debts.

Debt 245

Debt Financing Finance Financial Services 245

The Motley Fool

JANUARY 5, 2024

Rate cuts could be a mixed bag While interest rate cuts could be a good thing for some people's personal finances , for others, they may not be so great. Plus, those looking to put new loans in place might benefit from lower interest rates at some point this year. Thankfully, inflation cooled steadily in 2023.

Banks 246

Banks Financing Finance Debt 246

The Motley Fool

AUGUST 4, 2023

The actress recently shared in an interview that she paid off her mother's home loan after becoming a successful actress. Here's how everyday people like you can pay off their mortgages faster. The actress discussed how her mother helped fund her early acting endeavors by borrowing money against their home loan.

Debt 246

Debt Financing Finance Funds 246

The Motley Fool

DECEMBER 22, 2023

Image source: Getty Images Personal loans can be a great way to borrow money, but you have to be qualified to get one. Most creditors want at least fair credit to approve someone to get a personal loan , and lenders also require proof of income to repay the debt. When you cosign, you apply with the primary borrower.

Debt 130

Debt Financing Finance Accounting 130

The Motley Fool

MARCH 27, 2024

Others feel guilty about being in debt, like debt is a moral failure; like they're a bad person because they borrowed some money. Other people hate being in debt so much that they bend over backwards to pay off all their debt as fast as possible, even lower-interest debt like car loans and mortgages. What is debt and how is it used?

Debt 130

Debt Banks Financing Finance 130