Term: Car insurance
3 found

How a Car Accident Can Wreck Your Credit

By Steven Shaw on 7/16/2014

car accident 

Imagine you’ve been in a car accident. You have health insurance as well as coverage for medical bills through your auto insurance – or through the policy of the person who was at fault – so you aren’t worried about the bills. But to your shock, you find out months later that some of your medical bills have been turned over to collections and your credit has been damaged.

Car insurance
health insurance

The Surprising Reason Your Car Insurance Is Double in Some States

By Steven Shaw on 6/23/2014

car insurance costs 

Car insurance rates are one of a few non-debt-related things impacted by your credit standing, and depending on where you live, good credit can mean huge savings when it comes to insurance. On average, there’s a 65% difference in car insurance premiums between consumers whose only difference is their credit standing, according to a recent report from WalletHub.

Car insurance
Car insurance rates
credit standing

The 6 Biggest Ways Bad Credit Can Mess Up Your Life

By Steven Shaw on 1/21/2013

The 6 Biggest Ways Having Bad Credit Can Mess Up Your Life

Bad credit is something you don’t want associated with your finances. Unfortunately, you may have less than stellar credit at some point in your life. Credit scores represent a person’s credit worthiness, designed to show a lending institution who is a good investment, and who is… not so much. Banks believe that credit scores — i.e. past financial behavior — are a good indication of an individual’s future financial behavior. Whether or not you agree with that statement, the negative effects of having bad credit are undeniable.

Here’s a list of things that can get pricey or are unattainable if you have bad credit.

Car insurance
car loans
Cell phone plans
Home Loan
insurance
Job hunting
Mortgage