Category: Avoiding Bankruptcy

Lower your insurance rates by raising your credit score

Lower your insurance rates by raising your credit score

Miss a car payment? A few late credit card fees? Before you know it, you could have bad credit. It can make your life miserable, and much more expensive. A new study by insurancequotes.com says it can even raise your insurance rates! In some cases, bad credit can almosttriple your insurance rates. Even having “average”…

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Poor Credit Can Raise Your Homeowner’s Insurance Premiums

Poor Credit Can Raise Your Homeowner’s Insurance Premiums

Credit-based insurance appears to be playing a larger role in assessing homeowner’s premiums. The average difference in premiums between excellent and fair/poor credit has increased for the last three years in a row. Your credit score “can affect your life in terms of having everything be a little bit more expensive. So when it comes…

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Why Poor Credit Can Triple Your Homeowners Insurance

Why Poor Credit Can Triple Your Homeowners Insurance

Meanwhile, other states showed that a credit-based insurance score will play a less significant roll in determining annual premiums. For instance, Florida homeowners with a poor credit-based insurance score will only pay an average of 26 percent more for home insurance than someone with an excellent score in that state.

13 Ways to Drive Down Your Car Insurance Premium

13 Ways to Drive Down Your Car Insurance Premium

Paying for car insurance is a necessary evil. It helps protect you and your property from the cost of accidents. Unfortunately, it can cost a bunch to insure yourself against the unpredictable conditions of the open road. There are several ways to reduce the cost of your car insurance premium, letting you cruise past high…

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America’s middle class has money problems — but we can solve them

America’s middle class has money problems — but we can solve them

On the far side stand those productive Americans who have non-prime credit scores. They are shut out of traditional financial services products. For example, they can’t simply go to a bank and get a personal loan. They live their financial lives against a stiff headwind. According to one of the major credit bureaus, as many…

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The debt-bubble landmine Obama left for Trump

The debt-bubble landmine Obama left for Trump

The country’s last bubble was in housing. Between 2000 and 2007, Americans nearly doubled their mortgage debt, from $5.9 trillion to $10.6 trillion. This didn’t bother anyone in a position of power. The housing boom created millions of jobs, from construction to home-furnishing, and people felt rich. What bothered the pols was when the illusion…

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Other options for building your credit history

Other options for building your credit history

There is a reason: You may need good credit to get a job. “Ideally, students will have good credit before they apply to jobs, as many employers routinely pull credit and criminal reports as part of their background checking process,” said Steven Rothberg, president and founder of College Recruiter. “To some background-checking companies, no credit…

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How to Get a Credit Card: Your Step-by-Step Guide

How to Get a Credit Card: Your Step-by-Step Guide

Though some people regard credit cards as nothing more than an invitation to overspend and get into debt, when used correctly, credit cards can be a valuable financial-management tool. Furthermore, credit cards offer certain benefits that cash simply cant mimic, such as built-in rewards, purchase protection, and the ability to snag the best possible prices…

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Bad Credit Can Make Home Insurance Even More Costly

Bad Credit Can Make Home Insurance Even More Costly

That penalty applies to other insurance as well. For example, drivers with poor credit often pay double, or even triple, depending on where they live. Using a hypothetical 45-year-old, married female driver with a bachelors degree and no prior claims or lapses in coverage, insuranceQuotes found that even if you have fair credit, youll pay…

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More than 40% of Americans won’t date a person who has this one …

More than 40% of Americans won’t date a person who has this one …

Some people are more worried about their date’s digits than others Getty Images/iStockphotoThey probably both have a credit score over 700.DMAMBMCMDMEMGPREVIEWZBZBRZDZDRZFZGZQZRZSZTZU Some people inquire about a potential mate’s age or how many previous partners they’ve had. Others are more interested in another number. Some 42% of adults say knowing someone’s credit score would affect their…

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