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This blog is curated by the team at Experian Business Information Services. Here, you can access valuable business insights and learn about credit education, along with the latest news and trends for small businesses.

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Can You Borrow Money Against Your House for a Car Loan?

1 day ago | experian.com | Karen Axelton

You can borrow money against your house for a car loan, but it's generally not recommended. Loans against your home equity are much more expensive than auto loans, and you could lose your home if you can't make your payments. Here's what to know before using your home equity for a car loan. Can You Borrow Money Against Your House for a Car Loan? You can borrow against your house for a car loan using your home equity, or the difference between your home's value and what you owe on your mortgage.
What Is a No-Closing-Cost Mortgage?

4 days ago | experian.com | Brianna McGurran

Pros and Cons of a No-Closing-Cost MortgageThere are clear benefits and drawbacks to a no-closing-cost mortgage, and it's key to understand exactly how much it'll cost you in total before choosing one. Here are the major pros and cons:Less to pay initially: It's already overwhelming for many borrowers to come up with a down payment, let alone closing costs. A mortgage that lets you transfer some of the upfront charges to a different part of the loan means less to save up for.
Do I Need a License to Buy a Car?

5 days ago | experian.com | Karen Axelton

Quick AnswerNo, you do not need a driver’s license to buy a car, but it will be more difficult to insure and register your new vehicle. You’ll also need a licensed driver to drive your new car home. You don't need a license to buy a car, but being unlicensed could make it harder to register and insure the vehicle after the purchase. You'll also need a licensed driver to drive your new car off the lot. If you're thinking about buying a car without a driver's license, here's what you should know.
Pros and Cons of a VA Loan

6 days ago | experian.com | Evelyn Waugh

Quick AnswerBenefits of VA loans include no down payment requirement, no mortgage insurance, lower rates and potentially flexible borrower requirements. Downsides may include closing costs, higher property requirements and occupancy requirements. If you're eligible for a VA loan, you may be wondering whether it's your best option. VA loans are mortgages guaranteed by the U.S. Department of Veterans Affairs (VA).
How to Save Money on Groceries: 18 Ways

6 days ago | experian.com | Karen Axelton

Quick AnswerThere are plenty of ways to save money on groceries, including setting a budget, planning menus, making a shopping list, joining store loyalty programs, using cash back apps and shopping with cash back credit cards. It's not your imagination: The cost of groceries is rising. From 2019 to 2024, the price of food and beverages increased by 29.3%, according to the Bureau of Labor Statistics—which projects prices will keep rising faster than average in 2025.
How Much Does the Average Wedding Cost?

6 days ago | experian.com | Evelyn Waugh

How to Plan a Wedding on a BudgetIf you're worried about making your big day special without breaking the bank, start with these tips for keeping your wedding costs down. The breakdown of vendor costs above can give you a lot of insight on where you may end up spending the most—and where you may be able to cut back. For example, you could save $1,700 to $4,500 on average by opting to spin your own wedding playlist during your reception, rather than hiring a DJ or a band.
What Is the Right of Rescission on Home Loans?

1 week ago | experian.com | Ben Luthi

Quick AnswerThe right of rescission allows you to cancel certain home loans within three days of closing without incurring any financial penalties. It's also known as the cooling-off period. The right of rescission is a legal right that allows consumers to cancel certain types of home loans within three days of closing. Understanding how the right of rescission works can help you make sure you're not being taken advantage of and can give you some time to rethink your decision if need be.
Bad Credit Car Loan Trends: Buying a Used Car Is Common

1 week ago | experian.com | Ben Luthi

Quick AnswerBuying a car when you have bad credit can be challenging, but it’s not impossible. Understanding the potential costs and taking steps to improve your credit can help you navigate your options. You can qualify for a car loan with bad credit, but expect the terms to be less favorable compared to auto loans for good credit. In some cases, the interest costs can be extremely high.
What Is a Rebate on a Car?

1 week ago | experian.com | Karen Axelton

What Is a Rebate on a Car? A rebate on a car is a cash incentive offered by the manufacturer to the buyer after the purchase of a new vehicle. Sometimes called bonus cash, customer cash, cash allowance or cash back, rebates can range from a few hundred to several thousand dollars. At the end of 2024, the average new car incentive was $3,958 (about 8% of the average transaction price), according to Cox Automotive. Rebates typically apply to certain models or trims and are used to help move inventory.
What Are Tariffs and How Do They Impact Consumers?

1 week ago | experian.com | Ben Luthi

How Tariffs Can Raise PricesTariffs are effectively a cost of doing business for importers. But like other costs associated with manufacturing and selling goods and services, that cost is usually incorporated into the price you pay as a consumer. In some cases, the tariff is applied directly to the end product. Examples include:BeefCheeseChocolateCoffeeFruitLiquorNutsRiceSeafoodIn this instance, the tariff applies to the full cost of the item imported.