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Ben Luthi

Ben Luthi is a personal finance writer and a credit cards expert who loves helping consumers and business owners make better financial decisions. His work has been featured in Time, MarketWatch, Yahoo! Finance, U.S. News & World Report, CNBC, Success Magazine, USA Today, The Huffington Post and many more.

articles from Ben

110 posts

10 Major Factors That Determine Your Car Insurance Premium

Published 10/27/2017 by Ben Luthi

It’s hard to predict how much you’ll pay for car insurance. Based on the latest data from the National Association of Insurance Commissioners, the average American pays $866 per year.

Founded in 2013, SelfScore’s mission was to offer a way for international students with no credit score or Social Security Number to build credit in the United States with the SelfScore Mastercard.

We’ve all made mistakes, and that includes mistakes with credit. But while some elements of fixing your credit score require time and patience, there are other things you can do that can make a difference more quickly.

How far you drive has a big impact on how much you’ll end up paying for your car insurance. For many people, a big part of that calculation is their daily commute to work.

What is the Ideal Credit Utilization Rate?

Published 10/20/2017 by Ben Luthi

How much you owe makes up 30% of your FICO credit score. A big part of that – though not the whole thing – is how much you owe on your credit cards.

No one likes rejection, and getting denied a credit card can make you feel confused and upset. If you get denied for a credit card, don’t worry. Yes, it’s understandable that you may even want to apply for another one in the hope of getting approved to make yourself feel better.

HUD Adds Two New Rules for Reverse Mortgages

Published 10/04/2017 by Ben Luthi

Reverse mortgages can be a great way for retirees to supplement their retirement income. But changes to the government’s reverse mortgage program could change whether it’s worth it to get one. Effective October 2, 2017, the U.S. Department of Housing and Urban Development (HUD) has made a couple of changes to its Home Equity Conversion Mortgage (HECM) program.

When shopping around for a home equity loan, getting one with the lowest costs and interest rate should be your top priority.

Having enough money to last through retirement isn’t easy, especially if you’re already in the midst of it. Going back to work or finding new income streams can be stressful at best and impossible at worst.

In addition to the physical damage that Hurricane Harvey wrought as it tore through southeast Texas and southern Louisiana, people affected by the storm may also suffer long-term financial problems as they get their lives back in order. In response, online lenders Prosper and LendingClub have stepped in to give affected borrowers reprieve.

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