Category View (Financial planning)

In the current credit crunch, many investors and individuals are wondering how credit scoring works. What does it take credit qualify to borrow money at the most favorable terms? It a little known secret that now basically ALL lenders use “risk-based pricing” or “tiers” when determining what interest rate to offer. The methodology behind this is to fairly compensate lenders for the risk they are taking by lending money.  What is unclear to most everyone is how credit scoring works and I think it would be nice to have a bit more transparency from the “BUREAUS”. I have discovered that there are 5 ways a more...

Just having gotten back from a continuing education conference for my insurance license, I realized that many consumers don’t understand what their insurance covers and as important, they are not aware that they have insufficient insurance coverage. I guess not all insurance agents are created equal. Agents that are only selling “price”, tend to leave out important endorsements that their customers need in order to compete for the business. This leaves the insured in quite a predicament when the unexpected need for a claim arises. The insured initially purchased what they thought to be a full coverage insurance policy to protect themselves against any unforeseen more...