MyBankTracker Blog

Should You Take Out a Personal Loan to Pay Your Taxes? When you cannot afford to pay the IRS, find out whether a personal loan can help you when you owe taxes. Learn about the costs and penalties of failing to pay your taxes and the IRS payment plan. Compare that situation to borrowing with a personal loan to avoid those higher costs, especially if the interest rates are lower. Valencia Patrice Higuera Valerie Ashton Why Were You Denied a Savings Account? It's fairly common for banks to deny you from certain services they offer, like... Valencia Patrice Higuera Should You Use a 401(k) Loan to Pay Off Student Loans? Depending on your career path, getting the job you want may require a college... Changing Jobs Before Getting a Mortgage? The Good and the Bad Learn about the effects of a job change on your chances of qualifying for a mortgage. Find out what you can do to improve your chances of approval even if you switch careers in the middle of the mortgage application process. Compare the pros and cons of the employment change on how lenders could view your income stability. Thomas (TJ) Porter Compounding Interest Daily vs. Monthly: What’s Better for Your Savings? Learn the differences between daily and monthly compounding interest to determine if it actually matters to you and your savings. Find out how the two terms are related to APR and APY. Understand how the rate of compounding is used to calculate the effective return of your deposits in savings accounts and CDs. Thomas (TJ) Porter Krista Baum In Your 20s With a Large Inheritance? How to Manage Your Extra Money If you receive a large inheritance in your 20s, it's easy for this windfall to be... Ben Luthi 5 Biggest Car Sales Days of the Year The best time to buy a car is when you need one. If you wait too long to try to... Discover® Bank IRA CD Rates 2024 Review Find out whether the IRA CDs from Discover Bank are worth considering for your long-term retirement savings. Learn about the interest rates, early withdrawal penalties, IRA types, a minimum opening deposits. Compare IRA CDs offered by other banks. See how you should go about picking the best IRA CD for you. Rebecca Lake PenFed Credit Union Personal Loan 2024 Review We analyze the features of personal loans offered by Pentagon Federal Credit Union (PenFed) to determine whether they're worth your consideration. Find out what interest rates are charged, the fees that may apply, and terms (borrowing terms and amounts). Compare them to the best personal loans available with other lenders. Thomas (TJ) Porter Paul Sisolak How To Protect Yourself From The 12 Most Dangerous Tax Scams of 2024 You go to file your income taxes with the hopes of getting a nice, big refund this... Valencia Patrice Higuera Unsecured Auto Loans: What’s the Catch? Some car dealerships make the car buying experience easier for customers by... How to Invest for Retirement When You Don’t Have a 401(k) Learn how you can still save for retirement when you don't have access to a 401(k) that is normally provided as an employer-sponsored retirement plan by your company. Find out what the other investment options are available to generate long-term returns that are better than a savings account. Thomas (TJ) Porter Overdraft Fees: Different Types, Explained & Compared Find out what a bank will do when you overdraw your checking account and leave a negative balance for several days. You may encounter an extended overdraft fee. Learn about how it works and when it charged depending on the bank. See the alternatives that can help you avoid overdrafts and the expensive fees. Krista Baum Valerie Ashton What's a Good Credit Score For a College Student? College is a great time to make memories, get a once-in-a-lifetime education, and... Thomas (TJ) Porter How to Avoid Having Medical Bills Go to Collections Americans make more than 140 million visits to the emergency room each year, and... The Best Credit Unions for Personal Loans We analyzed the personal loans offered by the largest credit unions that have easy membership requirements - and chose the best options for borrowers. Rebecca Lake Is It a Good Idea to Finance Furniture Purchases? Find out whether it is a wise money move to using financing options when buying new furniture. Learn about the tricks of this particular retail industry to get the best deal. Compare the alternatives to store financing programs that may not be the best for you. Thomas (TJ) Porter Valencia Patrice Higuera Should You Close Your First and Oldest Credit Card? A credit card is an excellent tool for establishing a credit history and many... Thomas (TJ) Porter Capital One 360 IRA CDs 2024 Review Learn all about the detail of IRA CDs offered by Capital One 360, one of the top online banks. Find out whether the certificates of deposit provide the best interest rates and low fees to make them suitable for your long-term retirement savings. Savings Account Monthly Fee Comparison At Top U.S. Banks Find out what the monthly maintenance fees are for the savings accounts at the nation's largest banks--and how customers can waive that fee. Alex Feldler What are the Limits on Chase ATM and Purchase Transactions? Find out what the exact transaction limits are for your Chase ATM and debit cards and how you can access more of your funds after the limits. Thomas (TJ) Porter Krista Baum Should You Cosign Your Child's Student Loans? With little to no credit history and minimal income, students fresh out of high... Rebecca Lake The Best Credit Cards for Restaurants & Dining of 2023 Picking up takeout meals on the fly or regularly sitting down to lunch or dinner... The Differences Between Money Market Accounts and Money Market Funds Learn the differences between money market accounts (MMAs) and money market funds (MMFs), two similar-sounding financial vehicles that are often confused with each other. Find out how each of them work and their roles in your finances. Then, you are better informed with what you should do when you come across either of them. Thomas (TJ) Porter Compare Overdraft Protection Transfer Fees at the Top U.S. Banks Learn about the costs to transfer money from your savings account to cover a purchase on your checking, known as an overdraft protection transfer. Find out how it works to help you avoid expensive overdraft fees. See what options are available when you overdraw your checking account to a point where you'll have a negative balance. Valerie Ashton Krista Baum Emergency Fund Calculator: Find Out Your Ideal Safety Net Dealing with an emergency, such as losing your job or unexpected car repair, is... Paul Sisolak How to Handle a Tax Bill That You Cannot Afford Whether you’ve prepared your tax return already or just getting around to it, you... Toys R Us Bankruptcy: What Will Happen to Your Credit Card? Find out what will happen to the Toys R Us store credit cards after the toy retailer completes bankruptcy and closes down its stores. Learn how your credit score is calculated and how it is affected when your Toys R Us card is closed. See what you can do to counteract any negative impact on your credit. Krista Baum How to Place a Credit Freeze at the Equifax, Experian, and TransUnion Find out how to put a security freeze on your credit report at the three major U.S. credit bureaus: Equifax, Experian, and TransUnion. Valencia Patrice Higuera