Personal Finance FAQs

  1. What's the average salary for a finance major?

  2. How do university endowments work?

  3. What does it mean when interest "accrues daily?"

  4. What should you bring to a bank to open a checking account?

  5. What are the differences between revolving credit and a line of credit?

  6. Are Sallie Mae loans considered federal loans?

  7. What is the most important "C" in the Five Cs of Credit?

  8. What net interest margin is typical for a bank?

  9. What is the difference between "closed end credit" and a "line of credit?"

  10. Are personal loans bad for your credit score?

  11. How will debt settlement affect my credit score?

  12. When is it a good idea to take out a loan to invest?

  13. What's a better way to borrow money: overdraft or credit cards?

  14. How does Sallie Mae disburse funds?

  15. How can you cancel your Walmart credit card?

  16. Can you use your Walmart credit card at Sam's Club?

  17. Will having several credit cards hurt my credit score?

  18. What is the difference between a savings & loan company and a bank?

  19. Can Sallie Mae loans be forgiven?

  20. How do I know if I should refinance my mortgage?

  21. What are the differences between revolving credit and installment credit?

  22. What does it mean when advertisers say that "financing is available"? Should I trust them to give me a good deal?

  23. If a collection agency buys my debt from another agency, does the debt become 'new'?

  24. Can Netspend cards be used internationally?

  25. What are the differences between delinquency and default?

  26. How is interest charged on most lines of credit?

  27. What is the difference between continuous compounding and discrete compounding?

  28. What is the difference between an interest rate and an annual percentage rate (APR)?

  29. How do balance transfers affect my credit score?

  30. What's the difference between a secured line of credit and an unsecured line of credit?

  31. Does inflation favor lenders or borrowers?

  32. How long does it take for items to show up on my credit report?

  33. Does paying my utility bills on time improve my credit score?

  34. How is my credit score calculated?

  35. How does your checking account affect your credit score?

  36. Is a home equity loan a good way to pay off my credit card debt?

  37. How does interest work on a cash advance from my credit card?

  38. When is a balance transfer a good idea for paying off debt?

  39. Why Do Most of My Mortgage Payments Start Out as Interest?

  40. What is the difference between secured and unsecured debts?

  41. What is the difference between available credit and credit limit?

  42. What are the differences between debit cards and credit cards?

  43. Should I pay my mortgage with my credit card to earn credit card rewards?

  44. What's considered to be a good debt-to-income (DTI) ratio?

  45. What is the difference between a loan and a line of credit?

  46. What Is the Difference between Tier 1 Capital and Tier 2 Capital?

  47. What is the difference between overdraft and cash credit?

  48. How can I tell if a loan uses simple or compound interest?

  49. What is the difference between a non-recourse loan and a recourse loan?

  50. What is the difference between compounding interest and simple interest?

  51. I want to invest my emergency fund to earn interest. What is a relatively safe and liquid investment I can easily withdraw from if disaster struck?

  52. What are the pros and cons of overdraft protection?

  53. When buying a car, is it better to have a trade in or a down payment?

  54. What is the cost of living difference between Texas and California?

  55. Can a Foreign Individual Open a Savings Account in the United States?

  56. What is the difference between a buy-side analyst and a sell-side analyst?

  57. How The 2008 Housing Crash Affected The American Dream

  58. Were collateralized mortgage obligations (CMOs) responsible for the financial crisis of 2008?

  59. Why do MBS (mortgage-backed securities) still exist if they created so much trouble in 2008?

  60. How did the ABX index behave during the 2008 subprime mortgage crisis?

  61. Which is better, a fixed or variable rate loan?

  62. Is it possible to take the Series 6 exam without being sponsored?

  63. Can I Apply for an O-1 Visa If I Don't Get an H-1B?

  64. Do mortgage lenders use FICO 8? (EFX, TRU)

  65. Can a Best Buy credit card help you build credit?

  66. Which bank actually issues the Best Buy credit card?

  67. Can a Walmart credit card help you build credit? (WMT)

  68. Who are Nordstrom's (JWN) main competitors?

  69. What are the most common interview questions for banking/finance jobs?

  70. What are some famous scandals that demonstrate the agency problem?

  71. What are the basic requirements to qualify for a payday loan?

  72. If My Mortgage Lender Goes Bankrupt, Do I Still Have to Pay My Mortgage?

  73. Do balance transfers hurt your credit?

  74. Other than accounting, what does a corporate finance job involve?

  75. For which kind of jobs is having Magna Cum Laude most important?

  76. Are Certificates of Deposit (CDs) Taxable?

  77. What types of liens are seen as good and which are bad for my credit?

  78. Can you pay off your Best Buy credit card in store?

  79. Do I have to complete all exams within a certain period of time to receive the CFA charter?

  80. What is an assumable mortgage?

  81. How does CareCredit for pets work?

  82. What is a reasonable amount of debt?

  83. How do I check the balance on my prepaid credit card?

  84. What are some historical examples of debt securitization?

  85. How much money should I have in a savings account?

  86. How does a cost-of-living adjustment (COLA) affect my salary?

  87. If I am looking to get an investment banking job, what education do employers prefer? MBA or CFA?

  88. How does the number of credit card accounts I have affect my credit score?

  89. What kinds of financial analysis jobs are there?

  90. Can the Best Buy credit card be used anywhere?

  91. Do mortgage escrow accounts earn interest?

  92. How can I find an investment club in my area?

  93. How reliable are Glassdoor salaries?

  94. What is the difference between an investment and a retail bank?

  95. What's the difference between credit reports and investigative consumer reports?

  96. What are the best ways to rebuild my credit score quickly?

  97. What is the difference between a state and a federally chartered credit union?

  98. How long does it take a check to clear?

  99. Is it possible to get a free credit report from Equifax?

  100. What is a Ginnie Mae security?

  • Showing 1-100 of 401 items
  • 1
  • 2
  • 3
  • ...
  • 5
  • >>
Hot Definitions
  1. Short Covering

    Short covering is buying back borrowed securities in order to close an open short position.
  2. Covariance

    A measure of the degree to which returns on two risky assets move in tandem. A positive covariance means that asset returns ...
  3. Liquid Asset

    An asset that can be converted into cash quickly and with minimal impact to the price received. Liquid assets are generally ...
  4. Nostro Account

    A bank account held in a foreign country by a domestic bank, denominated in the currency of that country. Nostro accounts ...
  5. Retirement Planning

    Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve ...
  6. Drawdown

    The peak-to-trough decline during a specific record period of an investment, fund or commodity. A drawdown is usually quoted ...
Trading Center