Money News
What a credit utilization ratio is, and why 30% isn't a magic number
Utilization is balances divided by limits, it carries about a third of common credit scores, and 30% is a ceiling — not a target. Here's how the ratio works and…
Money News
Reporting on central bank rate moves, savings and mortgage rate changes, benefit adjustments and price shifts that alter what a household budget absorbs.
Money News
Unbanked US households fall to 4.2%, FDIC survey finds — here's why it matters for your savings
The FDIC's 2023 National Survey found the unbanked share at 4.2 percent of households, and the most-cited reason for not having an account was fees — something…
Money News
How overdraft opt-in works, and what happens if you say no
A federal rule lets you block your bank from covering — and charging you for — one-time debit card and ATM overdrafts. Here's what your opt-in choice actually…
Money News
How a credit freeze works, and how it differs from a fraud alert
A freeze is free at all three bureaus, lasts until you lift it, and by law comes off within an hour when you ask online or by phone. Here is what it blocks,…
Money News
What debt collectors can and cannot do
The Fair Debt Collection Practices Act draws hard lines — no calls at midnight, no workplace harassment, no discussing your debt with your boss — and knowing…