It may seem clever to save yourself cash by not purchasing health insurance, but with Obamacare kicking in, you’ll have penalties to pay, which could cost you big bucks in the long run. Not only are you playing financial Russian roulette – you could be forking out tens of thousands or hundreds of thousands of… Read More
Are you ready for some tough love? You are the cause of all your debt problems. You are solely responsible…
There has been a significant increase in a number of different types of fraud in the last several years, and experts in the insurance industry say that they have not been immune to the trend. The number of questionable insurance claims made over the course of 2012 was up 26.7 percent from the total observed two years earlier, according… Read More
Many Americans consider it more than fair for institutions that issue consumer loans orcredit cards to use their credit rating when weighing the decision on whether to extend financing, but feel less satisfied when insurance companies do the same. The majority of consumers disagree with insurance companies using a credit score to determine eligibility for… Read More
An auto crash may do more than just wreck your vehicle. It may cause long-term damage to your credit reports and scores as well. We’ve heard from many accident victims over the years who wound up with medical bills in collections while they waited for insurance companies to sort out who would pay what. One… Read More
Apply for auto or homeowner’s insurance and chances are you’ll find an inquiry on your credit report from the insurance company. Why and how do insurance companies use your credit information? Lamont Boyd, FICO’s director of global scoring solutions for the insurance market, joined me for an interview on Talk Credit Radio to explain how… Read More
Negotiating is an art, and a great way to save money. And as a nation, we’re getting good at it.
Recently my colleague John Ulzheimer wrote a post about the Medical Debt Relief Act, legislation that would require credit reporting agencies to remove medical debts from credit reports 30 days after they are paid or settled. John is concerned that this legislation would erode the value of credit reporting data for lenders, insurers and others… Read More
This fun blog covers personal finance topics ranging from mortgage flipping to cool freebies. It’s Just Money is edited by a 30-something with experience in the lending, insurance and banking industry:
Spring officially started yesterday. That means it is time to take a quick look at your credit. Most of us could stand to give our credit scores a bit of a boost this spring, myself included. Increasing your credit scores can help you save big on loans, credit card, insurance, utilities and more. Here are a few things you can do to spring clean your credit scores:
* Aim for a balance of 2 to 6 credit cards and 1 to 2 loans on your credit report. Opening a new credit card or loan could give your scores a boost.
* Check your credit reports for errors. Are there mistakes or fraudulent records holding your credit score back.