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Your Credit Points Sways Your Vehicle Insurance Cost! November 1, 2009

Posted by janey in : household budgeting , comments closed

Your credit score affects your auto insurance rate, even though many people don’t know that fact. Unfortunately what this means is that when you down on your luck financially expect your auto insurance premiums to go up. Many people think this is equal to kicking a person when they are down. Ask any Floridian that has had trouble paying there bills how much their car insurance premiums have goon up.

The insurance industry states that your credit score is one of the top factors that are used when determining your premium factors and their reasoning is that many people having financial troubles are more apt to let policies lapse, which could cause a questionable accident during a grace period. Of course they also figure that a certain number in this category will fabricate an insurance claim just to get a little money. Of course, their statistics also show that the homeowners having trouble making mortgage payments might be more apt to commit arson.

These are common risk factors that affect anybody that is running late on their monthly insurance payments. It is just a fact that those having financial trouble will opt in for the monthly payment option and if they are always late will fall into that grace period. If your constantly in that grace period or they have to continually call you then your higher maintenance and they put you in the same category as those who chose to drive without insurance.

It is easy to see how this could be a factor that insurance companies would want to consider in setting premiums, however, most people are completely unaware that a price rate increase is coming, they react by starting the process all over, looking for a lower premium and getting bad ratings because of that factor. This process is frustrating to say the least for those who have had no claims, and worst of all the insurance companies don’t even take into account how punctual you are with your payments to them.

Many people don’t realize that credit scores are considered ahead of tickets and accidents, which causes those with financial problems to pull their hair out. In fact, their premium might be more than somebody that has had numerous incidents.

Because auto insurance coverage is required by mortgage and lien holders and is required by law in most states in order to register your vehicle, this problem becomes an issue that is hard to avoid. Driving without insurance will get you a ticket and your license suspended and all kinds of legal trouble should you be involved in an accident.

Insurance companies have people assigned to do nothing more than pull your credit score and reevaluate your insurance premiums and you can bet that they will do it at least once a year. If you have started paying bills on time, it can take as much as a year to see the change in your credit score and a lowering of your auto insurance premium. Unfortunately there is not much you can do if you have been having credit problems, just be aware that your auto insurance premiums are going to rise.

Find Helpful Info about Financial Planning October 17, 2009

Posted by janey in : household budgeting , comments closed

Nowadays in times of economic recession more and more people are seeking for different ways of saving some additional money. And there are actually a lot of ways of saving money and it has become eve easier to do it with the advent of the World Wide Web. All these online resources have really made it easier for us to find a job or gain some fast extra money and also save some money, and it is much easier to find in the internet low priced products and all kinds of different discount packages.

That is why I want to give you some tips so could find in the internet some cheap pair of shoes, or maybe TV set or new telephone and even low priced food and all kinds of other products.

So what you should do when you want to fins some cheap product is to use the search engine in stead of relying on the web site of some store to find whatever your were looking for. Because if you log into some web site’s store you won’t find any discount prices but all the prices will be the same just like in a regular store. But if you type the name of the product into the search bar and compare the prices of this particular product in four of five different stores you will get some bigger chance to find a lower price and than order this product from the company or store for this low price you find.

Also if you want to save some money on all kinds of purchase you can look for the discount coupons in the internet. There are actually all kinds of coupons you can easily get through the internet and buy such products like clothing, food, baby’s staff and even medicine with a great discount.

However, if you are buying some product for a lower price it is also necessary for you to evaluate the quality of this particular product. For example, if you have found some product that you were looking for with a great discount don’t rush to purchase it immediately but what you should do is to check some references and online reviews for this very product, because you have to be sure that you are buying some good product but not a fake one.

And also you have to make sure that the conglomerate that you are actually buying from has some positive customer’s reviews and experience and it is also a legitimated and reliable resource. And if you are purchasing something that is in not standard conditions or takes to long to get to you so it would be better for you to deny it because it is not really worth buying it.

You can be 20 or 50, any moment of your life is ok to think about financial planning.

By the way, financial planning is not dull, it’s not a duty. And those people who started to think and act about their financial planning are very likely to be well prepared for the future.

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