Personal finance

FICO is the most common credit scoring model.  Its latest version examines your monthly credit balances

FICO is the most common credit scoring model. Its latest version examines your monthly credit balances

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. Developed by the Fair Isaac Corporation, FICO is the oldest and most …

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The hidden costs of early retirement - and why you might want to avoid this trend

Early retirement sounds good, but it’s not for everyone

On paper, the notion of early retirement is appealing. But the reality can be more grueling, as it usually involves working on a host of side tasks in order to save enough money to bring your retirement date forward. That’s what Gwen Merz and Derek Sall learned, years after their early retirement. “Financial Independence, Retire …

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Why you should repay your student loans even after Biden extends repayment break

Why you should repay your student loans even after Biden extends repayment break

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. The Biden administration has extended the student loan repayment pause until 2023. …

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Auto loan balances increased by $22 billion last quarter. Are consumers in over their heads?

Image source: Getty Images Rising car prices and loan rates could spell disaster for drivers. Key points Car prices have risen this year due to shortages in the supply chain. This forces borrowers to take on higher car payments – and put their finances at risk. Compare your total monthly expenses to your income to …

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Retail credit cards will lure you in with discounts, rewards, and “special financing” offers, but read the fine print or you might end up paying more.

Store Credit Cards May End Up Costing You More This Holiday

Store credit cards seem like a good deal with these introductory discounts and initial interest-free payment periods. But if you’re not vigilant about paying them back, just wait until the bill is due, experts warn. Store credit cards can only be used at that store or chain of stores and are usually offered at checkout …

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10 Common Investing Mistakes That Can Easily Be Avoided

10 Common Investing Mistakes That Can Easily Be Avoided

As a financial advisor, I have helped hundreds of clients with their finances during my career. Clients often arrive with worries having already taken a misstep or two, but I’ve observed common investing mistakes that can easily be avoided. I’m happy to share the top 10 investing mistakes to avoid so you can set yourself …

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An illustrative image of Christine Benz, director of personal finance and retirement planning of Morningstar.

The bucket approach to building a retirement portfolio

Those who lived through the 1970s and 1980s undoubtedly find their photographs from those decades to be credible. But while few want to repeat a fashion era marked by pastel-colored suits and big hair, one aspect of those decades past is appealing: significantly higher interest rates than prevail today. The average interest rate on a …

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VantageScore is the second largest credit scoring model.  It is slowly gaining momentum, but could soon become very important.

VantageScore is the second largest credit scoring model. It is slowly gaining momentum, but could soon become very important.

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. VantageScore is a credit scoring model developed by the three major credit …

VantageScore is the second largest credit scoring model. It is slowly gaining momentum, but could soon become very important. Read More »