Bank of America, the second-largest bank in the United States, has agreed to settle a class action lawsuit brought against it for charging repeated fees for some insufficient funds transactions. Here’s what to know about the class action lawsuit, and if Bank of America owes you some money....
Don't pay Uncle Sam and you'll end up having to pay what you owe the IRS and you'll be socked with interest and penalties. If you don’t pay your taxes, it could hurt your ability to refinance your home and may bring down your credit score. If you owe money to the In...
One way or another, things will be resolved between you and your unpaid debts. Yes, it's scary to be on the hook for money that you owe, especially if debt collectors are hounding you and the threat of a lawsuit is out there, but it's not likely that you'll go to jail. ...
It’s happened to many of us at some point—you may be walking along a street and look down. Lo and behold, there’s a $20 bill in your path. Or maybe it’s a silver bracelet. Either way, it’s found property. The tax ramifications of finding a $20 bill
Account minimums: With many money market accounts, you must have a minimum balance to open the account, and there may also be minimums for keeping your interest rate. In some cases, you may owe an additional monthly fee if your balance falls below a certain threshold. Fees: Fees can eat...
Whether you regularly use a credit card or you save money in a high-yield savings account, it's important to note that the interest is compounded — meaning what you owe or earn can add up quickly. Below, CNBC Select breaks down the difference between simple and compound interest, how the...
More money in the immediate future: By not paying your full statement balance, you'll have more short-term funds. Cons Still paying interest: Paying the minimum still means you have to pay interest on the remaining balance. Could harm your credit score: Carrying a balance on your card reduc...
Market value even becomes part of the calculation of your home’s assessed value. But because assessed value is used for the sake of calculating how much you owe in property taxes, the assessed value is also based on the laws of your state, county and even city, explains ...
You’ll need to crunch the numbers yourself to make sure you have enough stowed away to cover what you owe when tax season arrives. What is disposable income used for? First off, your disposable income should not be confused with your discretionary income. That’s the money you have left...
The federal government imposes some restrictions on when you can withdraw money from your 401(k). Generally, you must wait until you're at least age 59½ to access the money without paying a penalty. If you take a withdrawal earlier than that, you may owe a 10% penalty on top of in...