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Information on mortgages, home equity loans, and consumer credit to help you use the power of financing to your advantage.
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What if you lose your job or become disabled? How will you pay your creditors and protect your property if you used it as collateral? There are plenty of insurance options out there, as well as scams. It pays to be informed.
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• Save money on Insurance NOW!
• Credit insurance is a ripoff for consumers, groups say. Consumers who buy credit insurance when they take out a loan, buy a car or get a credit card are being overcharged by $2 billion a year, Consumers Union and another group charged Tuesday.
• Consumers overcharged $2.5 billion for credit insurance, consumer groups say. Consumers who bought credit insurance when they took out a loan, bought a car or got a credit card were overcharged by $2.5 billion last year, largely because state regulators failed to enforce laws on rates, two consumer groups said Thursday.
• Do I need insurance for my credit card? My credit card statements often come with offers to buy insurance in case my card is stolen, I become disabled or I lose my job. I typically charge more than $1,000 a month, and am wondering if the protection is worth paying a few extra dollars a month for.
• Credit Insurance: Is It for You? The next time you apply for a mortgage or personal loan, you may be asked if you want to buy credit insurance, or it might already be included in your loan proposal. Credit insurance protects the loan on the chance that you can't make your payments.
• Government tips for avoiding credit insurance scams. Citigroup Inc. agreed Thursday to repay customers $215 million to settle federal charges that a company it acquired manipulated people into buying overpriced credit insurance.
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Lendingtips.com 464 Oak Avenue Naples, FL 34108
Phone (239)877-7835 Fax (239)594-5686
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