Key takeaways Automotive companies plan vehicles years in advance, making it difficult and expensive to make changes as quickly as new tariffs require. Short-term discounts are available for automakers that use imported parts to assemble…

Key takeaways A home equity loan can be a good option to consolidate debt, as it usually carries lower interest rates and longer terms than other financing options. Advantages of using home equity loans or HELOCs to pay off debts include having fewer bills to pay and lower monthly payments…

Key takeaways Low-income taxpayers could be hit hard by the tax bill, according to a new report from the CBO. Lawmakers in the Senate are currently debating the bill. The current version of the bill includes key tax provisions, including maintaining current income tax rates that otherwise would expire, eliminating…

Key takeaways While the Trump administration has suggested sweeping changes to the federal student loan program, many loan forgiveness options still exist. Programs that lead to forgiveness typically require monthly payments for 10 to 25 years, after which remaining balances can be wiped away. Make sure to stay up-to-date on…

Key takeaways Debit card spending limits are safeguards to help prevent excessive, unauthorized spending in case your card or account details are stolen. Limits vary widely by bank. If you need to make a large purchase or regularly run up against your limit, you can ask for either a temporary…