EmirMemedovski/Getty Images If you’ve ever loaned a car to a friend — maybe one with a less-than-perfect driving record — you may have wondered how car insurance applies when a non-owner gets behind the wheel. Generally, car insurance follows the car, not the driver. But there are a few exceptions,…

The U.S. had new millionaires emerge at quite a clip last year. UBS said its Global Wealth Report, released Wednesday, found America gained more than 379,000 new millionaires in 2024. It notched the biggest increase in new millionaires “in absolute growth terms” out of the dozens of markets that UBS looked at…

Key takeaways A conditional approval for a mortgage indicates a lender intends to give you a loan, but requires some additional information before doing so. This might include the results of an appraisal, a down payment gift letter or proof of homeowners insurance. Conditional approval comes after prequalification or preapproval,…

Key takeaways Texas has the highest car loan balance of $7,920. While vehicle expenses vary across the country, drivers can still work to secure a competitive rate by improving their credit and comparing different lenders, Vehicle affordability is still a challenge for many drivers and has resulted in more auto…