Gabriel Sánchez Vissepó

Nov 22, 2024 | money.com | Carlos Silva |Gabriel Sánchez Vissepó |Taina Cuevas |Andrea Agostini Ferrer

Some 8 in 10 American adults have at least one credit card, according to the Government Accountability Office, and their debt has now surpassed $1.1 trillion. A balance transfer — moving existing credit card debt from one card to another — is a popular way to manage this kind of debt. This is typically done to take advantage of a lower interest rate as many specialized balance transfer cards offer an introductory period with no interest charges on transfers (and often on purchases, too).

Jul 29, 2024 | money.com | Quinlan Grim |Gabriel Sánchez Vissepó

Best for Term Life Policies A life insurance policy ensures that your loved ones will be taken care of if you pass away. There are multiple types of policies but, generally speaking, they each charge an annual or monthly premium and provide coverage to your named beneficiary when you die. Corebridge Direct is a longstanding financial institution that offers a variety of life insurance policies.

Jun 28, 2024 | money.com | Timothy Lemke |Gabriel Sánchez Vissepó |Colin Grubb

Saving enough money for a down payment on a house is one of the biggest obstacles prospective homeowners must face. The Federal Housing Administration (FHA) requires a down payment of at least 3.5%, and many lenders insist on a 5% minimum. Placing less than 20% down requires private mortgage insurance (PMI), which will increase your monthly payments. According to the Federal Reserve Bank of St. Louis, the average price of a home in the U.S. in the 3rd quarter of 2023 was $431,000.

May 1, 2024 | money.com | Amarilis Yera |Gabriel Sánchez Vissepó

Repairing bad credit is possible but time-consuming. There is no one-size-fits-all strategy, and the process can be a minefield. You need to know what steps to take, where to find help and which credit repair companies to avoid. Your credit report and score both wield a huge amount of power over your personal finances.

Apr 30, 2024 | money.com | Carlos Silva |Gabriel Sánchez Vissepó

Best for: Frequent travelers, foodies Why we like it: The Chase Sapphire Reserve® packs all of the luxury benefits premium cards are known for, but for a lower annual fee than some competitors. Welcome offer: bonus_miles_full Annual fee: annual_fees Intro APR: intro_apr_rate,intro_apr_duration The Chase Sapphire Reserve® is a premium credit card and a favorite of frequent travelers, despite its hefty $550 annual fee.