Results for "Banking"44 results found.
Sinking Fund vs. Emergency Fund: How Do They Work?

No matter the situation, it is good to have some money on hand. Sinking funds and an emergency fund are good strategies to make sure that happens. Find out the difference between the two.

by Shaun Morgan
Avoid Holiday Debt By Using a Sinking Fund

If you're tired of holiday debt, it is time to start using strategies to avoid it. One of the most powerful strategies to avoid holiday debt is the sinking fund. Learn more here.

by Shaun Morgan
What is Bankruptcy and How Does It Work?

Bankruptcy is a debt relief procedure in which a bankruptcy court is used to relieve a debtor's obligation to pay off all or part of their debts. Here's how the bankruptcy process works.

by Sha'Kreshia Terrell
What is a Bank Statement? | CapWay

Tracking the activity in your checking and savings accounts is a great money management strategy. In addition, your monthly bank statement is an excellent resource provided by your financial institution to assist you in staying on top of your finances.

by Sha'Kreshia Terrell
The 3 C's of Credit: Character, Capital, and Capacity

Have you ever wondered why you were denied a loan? It usually comes down to the 3 C's of credit: Character, Capital, and Capacity. Learn more here.

by Shaun Morgan
Revolving Credit Line vs. Non-Revolving Credit Line

One of the simplest ways to secure financing is through a line of credit.  The application process for lines of credit tends to be quicker and less involved than for other types of financing such as business loans, personal loans or mortgages.

by Pam Hill
The Dotcom Bubble | Financial Flashback

The historical event being reviewed is the Dotcom Bubble, which plummeted tech stocks of various companies, some of which are still around today. Between 1995 and 2000, the NASDAQ Composite Index, which tracks most of the stocks traded on its stock exchange, rose by 582%.

by Sheena Allen
Wells Fargo Rejected Half of Their Black Applicants

During the COVID-19 pandemic, there was high economic turmoil. To help keep the economy going, the Federal Open Market Committee (FOMC) determined that it was a good idea to lower interest rates to an all-time low.

by Nailah Herbert
Homeowners Can Get Money From the Homeowner Assistance Fund

The COVID-19 pandemic caused times of financial hardships for the majority of people. As some were forced to work remotely or were left out of a job, it became increasingly difficult for some to accommodate their living expenses.

by Nailah Herbert
What's the Best Mortgage? | Picking Loans

Choosing the right mortgage depends on a host of important factors. Some of those factors include your FICO score, your available down payment, and how long you plan on living in your new home.

by Pam Hill
How the Russian Invasion Impacts U.S. Home Mortgages

Overseas events such as the invasion of Ukraine often reach beyond their borders, impacting global financial markets, energy prices, and mortgage rates.

by Pam Hill

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