Personal Finance

American Credit Card Consumers Paid Down a Record $82.9 Billion in 2020

For only the second time in 35 years, Americans ended last year with less credit card debt than they started it with. Although U.S. consumers added $36.7 billion to their credit card debt during the fourth quarter of 2020 — snapping a three-quarter payoff streak — that wasn't enough to...

Credit Bureaus Extend Weekly Free Credit Reports Offer for Another Year 3

Last April, as the COVID-19 pandemic led to shutdowns in many parts of the country, the three major credit bureaus in the United States announced that they'd begin allowing consumers to download their credit reports on a weekly basis at no cost. Now, that program is being extended for another...

Survey Details What Banking Features Matter Most to Customers

Throughout 2020, the personal finance site MyBankTracker conducted a survey with nearly 2,000 Americans participating. Now, the latest results show that what consumers found important from savings accounts evolved in some notable ways during the year. For example, more respondents put an emphasis on customer service this past year, with...

WalletHub Study Finds States with the Cheapest Average Car Insurance

In nearly every state, drivers are required to hold at least a minimum amount of auto insurance coverage. However, the price of this coverage can depend on several factors, including age, driving record, type of vehicle, and more. Additionally, another major factor in determining price is where the vehicle will...

Top 10 Personal Finance Articles of the Month — January 2021 2

It’s time again for one of my favorite features here on Dyer News: a look at the top 10 personal finance articles of the month. As we welcome the new year, we begin with a look at living your financial values and principles. Then, we'll check in on the FIRE...

Robinhood Cash Management Account Review (2021) 3

It’s hard to believe that it’s now been two full years since the stock trading app Robinhood announced it was launching a cash management account. That offering — then dubbed Robinhood Checking & Savings — was quickly scrapped and the entire episode was a bit of an embarrassment for the...

Survey Finds 42% of Americans Avoided Large Purchases Last Year

Last year proved to be a financial anomaly in many ways — evidenced by a number of dichotomies that emerged. While the loss of employment and other economic issues impacted many Americans, on the whole, consumers saw increased savings rates and credit card payoffs. Now a new survey from WalletHub looks...

Upgrade Introduces Rewards Checking Account

Recent years have brought a flurry of FinTech and so-called neobanks, presenting some attractive alternatives to consumers seeking more for their money. Unfortunately, with interest rates falling tremendously in the past year, the APYs that many of these accounts once offered have been decimated, leaving startups to find other means...