Over 2.6 million homeowners are in mortgage forbearance programs. Here are 6 ways to pay the mortgage and avoid foreclosure. (iStock) The coronavirus pandemic has made it difficult for many households to pay their mortgage each month. Approximately 5% of all mortgages, or 2.6 million homeowners, are currently enrolled in a forbearance plan, according to the Mortgage Bankers Association. It’s possible […]

Is your child ready for their first credit card? Here’s how you can help them through the process. (iStock) There’s no denying that it can be hard to get a first credit card as a young adult. However, doing so is an important step in becoming financially responsible. Luckily, as a parent, there are several things that you can do […]

Economic activity in the U.S. unexpectedly grew faster than previously estimated in the fourth quarter of 2020, according to revised data released by the Commerce Department on Thursday. The report showed real gross domestic product surged up by 4.3 percent in the fourth quarter compared to the previously reported 4.1 percent jump. Economists had expected the pace of GDP growth […]

SMA Solar Technology AG (SMTGF.PK), a specialist in photovoltaic system technology, reported Thursday that its fiscal 2020 net income was 28.1 million euros, compared to last year’s loss of 8.6 million euros. Earnings per share were 0.81 euro, compared to loss of 0.25 euro a year ago. Earnings before interest, taxes, depreciation and amortization or EBITDA more than doubled to […]

These 6 credit mistakes can make it harder to get the best loan rates. See how to improve your credit and check your credit score for free. (iStock) There are many benefits to having good credit. It's an essential factor in qualifying for the best rates for a mortgage, personal loan or private student loan. A higher credit score can also […]

The UK unemployment rate dropped unexpectedly in the three months to January, thanks to the extended furlough scheme, data from the Office for National Statistics revealed on Tuesday. Moreover, there was small increase in the number of payroll employees in three months to February. The unemployment rate came in at 5.0 percent in three months to January, below economists’ forecast […]

If you don’t want to take risks with your retirement savings, consider these three options. (iStock) In 2019, Americans between the ages of 55 and 64 had an average of $197,322 in their retirement accounts. The median balance among this age group was $69,097, according to Vanguard's 2020 How America Saves report. This is significant because 62 is the most […]