Bob Musinski

3 weeks ago | money.usnews.com | Bob Musinski |Adriana Ocanas |Ray Frager

Getty ImagesConsider working with an estate planning attorney to help protect your assets in the event of your death. Key Takeaways Under certain circumstances, your family members could liable for your credit card debt after you die. Your estate's assets cover any and all debts first before being divvied up to family members, causing inheritances to shrink. To avoid this, it's best to create a living trust because assets held in a trust will not be subject to probate.

3 weeks ago | money.usnews.com | Bob Musinski |Melanie Lockert |Sebastian Oliveira |Whitney Blair Wyckoff

Key Takeaways A credit-builder loan helps consumers with a limited or blemished payment history establish credit. Customers make monthly payments, which are reported to credit bureaus. At the end of the term, they receive the loan proceeds. Credit-builder loans aren't widely available at major banks, but there are a range of options at credit unions and online lenders. Building a credit history isn't as simple as securing a conventional loan and paying it off.

1 month ago | money.usnews.com | Bob Musinski |Erika Giovanetti |Emily Hayes

How Do Personal Loans for Students Work? When you obtain a personal loan – whether from a bank, credit union or online lender – you usually get the money upfront and pay in monthly installments for as long as seven years. Personal loans can total as much as $100,000, but the amount allowed depends on your debt-to-income ratio and overall creditworthiness. Personal loans can be used for a variety of reasons, ranging from home repairs to debt consolidation.

2 months ago | money.usnews.com | Bob Musinski |Emily Roth |Erika Giovanetti

DisclaimerReady to find a student loan? Compare rates from private lenders to find the right student loan for you!Check My RatesPowered by Credible Disclaimer Lender View DisclosureLearn More College Ave4.4Fixed APR 6.99% to 13.99% with autopayVariable APR 6.99% to 13.99% with autopayMax. Loan Amount $500,000Min. Credit Score Mid 600s Read Review Lender View DisclosureLearn More SoFi®4.6Fixed APR 4.49% to 9.99% with all discountsVariable APR 5.99% to 9.99% with all discountsMax.

Nov 15, 2024 | money.usnews.com | Adriana Ocanas |Bob Musinski

Dear Clever Credit,I am a 20-year-old college student with a Discover it® Student Cash Back card. My credit score is 774. I want another card that will give me better rewards for what I actually buy. My biggest expense is groceries. I applied for the Blue Cash Everyday® Card from American Express and was denied. I think it was because of my annual income, which is around $15,000. What would you recommend for my next card? I want one that I can keep for years so I can build my credit history.