The Clark Howard Podcast

06.09.25 Vanguard’s New Cash Management Account / Debt Collections

12 snips
Jun 9, 2025
Discover the ins and outs of Vanguard's new Cash Plus account, a fresh alternative to traditional banking. Get valuable tips on how to handle debt collectors, distinguishing between real debts and potential scams. Uncover your rights when dealing with collectors and learn practical strategies to protect your credit. The conversation also touches on managing toll fees for travelers and provides insights into navigating the complexities of car insurance and forgotten retirement accounts. It's a treasure trove of financial wisdom!
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ADVICE

Vanguard Cash Plus Benefits

  • Use the Vanguard Cash Plus account to store cash with no fees and earn 3.65% interest.
  • It functions like a semi-checking account with FDIC insurance and unlimited transactions.
INSIGHT

Mortgage Rates and Federal Deficit

  • Mortgage rates remain stubborn due to concerns over the federal budget deficit.
  • The size of the federal deficit influences mortgage and treasury rates significantly.
ADVICE

Use Independent Agents for Insurance

  • For car insurance with prior accidents, work with an independent agent to find the best insurer.
  • Independent agents understand the market and can help reduce rates despite insurance history.
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