Kathryn Pomroy

Kathryn Pomroy is a freelance journalist who has written for dozens of major publications, magazines, and many well-known personal finance companies like LendingTree, Intuit/Quickbooks, Money Crashers, NextAdvisor/Time and FOX Business. Her focus is business and personal finance, law and health. She holds a BA in journalism.

Latest from Kathryn Pomroy

Can you lose money in a high yield savings account?

There are both risks and rewards with high-yield savings accounts. They offer higher APYs than most traditional savings accounts. But if in one year you earn more than $10 in interest, you are required to report it on your tax return or face a penalty.

Do you need homeowners insurance?

There is no law requiring you to buy homeowner’s insurance. However, to qualify for a mortgage, your lender will likely require it.

6 ways to manage your personal loan better

Personal loans can be used for almost anything, from consolidating high-interest debt to funding a large expense. But if you fall behind on your payments or default on your loan, your credit card will take a hit. So, managing your personal loan with these 6 tips is key to gaining control of your finances.

Personal loan origination fees: Are they worth the cost?

A personal loan origination fee is paid up front when you take out a loan. It may be worth paying an origination fee if the loan has a long repayment period or a lower interest rate. But sometimes originations fees are not worth the cost.

What happens if I default on a personal loan?

Defaulting on a personal loan means you're behind in making the payments you signed up for. Once you default, there are consequences and the lender can take steps to recover the money you owe. But, there are also ways to avoid defaulting on your loan in the first place.