Monthly Archives: December 2009

How Life Insurance Premiums Are Calculated

Posted December 31, 2009 – 2:52 pm in: Personal Finance

Life insurance is difficult enough to understand, but understanding how company computes your premiums is even harder. Calculating your life insurance rates is not as simple and straightforward as calculating your premiums for other kinds of risk, like fire insurance. The rates you pay for life insurance coverage are based on your state of health at the time you apply for the policy, and that risk assessment is made by a qualified medical professional. If you are not in good fit, or if you indulge in risky behaviors such as smoking or street drugs, the insurance company expects to have to pay out more benefits on your policy than if you were totally healthy and did nothing to put your health at risk. That is the reason insurance companies usually require a physical exam before issuing your life insurance policy.

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Homeowners Insurance

Posted December 30, 2009 – 6:30 am in: Personal Finance

Most people who take a house or apartment on rent have a misconception about the insurance policy of the landlord. They believe that the insurance policy that has been purchased by the landlord will cover and provide for their personal belongings as well. However, this is not the case. Any insurance policy that has been purchased by the landowner provides for only damages done to the building and not the damages done to the personal belongings of the renter. So it becomes important for every renter to have his own insurance policy.

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Fixing Your Debt Situation

Posted December 29, 2009 – 7:20 am in: Personal Finance

You need to differentiate between adverse financial problems. For example, a financial emergency is when you experience a situation that can leave you penniless, homeless or without any significant possessions. You should separate these types of emergency from a threatening phone call or a letter from a bill collector.

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Second Mortgage and HELOC: Are They One and the Same?

Posted December 26, 2009 – 5:26 am in: Mortgage

A lot of people often confuse second mortgage with home equity loan. While both are associated with each other, they have their own benefits. But distinguishing one from the other should not be difficult.

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Reasons to Consider Filing Chapter Thirteen to Stop FOreclosure

Posted December 23, 2009 – 6:36 am in: Mortgage

Filing for bankruptcy can sometimes be an effective way to stop foreclosure. The type of bankruptcy you need to file if you want to have any chance at saving your home is chapter thirteen bankruptcy reorganization. This is the only type of bankruptcy that will allow you to keep your home. Filing for bankruptcy under chapter seven will only discharge your debts, not let you reorganize them.

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Underwater Mortgage? No Equity Home Repair Loan Options

Posted December 21, 2009 – 4:34 pm in: Mortgage

The housing bubble has burst and because of the crash in housing values across the nation there are a lot of people who are now living in houses that have not built up any added value over the past several years. This has put a strain on people who were hoping to use the increased monetary value of their homes to perform some much needed home repairs.

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How can I get a debtor to remove a settled debt off credit report?

Posted December 18, 2009 – 10:07 pm in: Personal Finance

I filed my taxes today and included a 1099c form for a credit card debt of $10,107. Now that this debt is paid, how can I get the credit card company to remove this from my credit report so my credit score can go up. All of my bills are paid on time and I [...]

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Saving Money On Monthly Premiums On Life Insurance Rates By Buying Online

Posted December 18, 2009 – 7:23 am in: Personal Finance

A lot of things are different now when it comes to consumer shopping because of the internet. Almost everyone now has an Internet connection and can purchase nearly anything their heart’s desire at any time they wish. This is a good situation for both consumer and retailer. Anything you would like to purchase can be found online, and this includes a Life Insurance policy.

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How much debt would it take for you personally make the decision to file bankruptcy?

Posted December 17, 2009 – 9:03 am in: Personal Finance

I know bankruptcy should be a last resort but some people have different personal limits. I would like to know your personal answer. What’s the least amount of debt it would take for you to make the decision to file bankruptcy? And what is your annual income if you don’t mind?

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What happens to the debt in an acquisition?

Posted December 15, 2009 – 8:22 pm in: Personal Finance

When company A pays a 15% premium to acquire the stock of company B, what happens to the debt of commpany B? Does company A absorbed the debt, pay it off? Is company B responsible for paying it off?

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Taking A Look At Mortgage Refinance Rates

Posted December 14, 2009 – 10:25 pm in: Mortgage

Mortgage refinance rates come along with a lot of things to consider. You will need to know if the current rates are fixed or variable rates, as this has a lot to do with the future of your loan repayment.

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What is the best way to settle credit card debt?

Posted December 14, 2009 – 7:22 am in: Personal Finance

I am in search of a company or method that will allow me to settle or consolidate my credit card debt. I have researched some companys but I am not sure what is real or a scam. Fidelity debt solutions is one of them. Has anyone had any luck with any of the debt consolidation [...]

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How long after a debt settlment program does your credit go up?

Posted December 12, 2009 – 6:01 pm in: Personal Finance

On average how long does it take? Once through the program if you compare 2 people, one with debt and high score. The other with “bruised” credit and no debt and almost high score which one is better?

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Reducing Your Monthly Car Insurance Payments

Posted December 11, 2009 – 4:07 pm in: Personal Finance

Car insurance is often a costly item in everyone’s budget. While you look forward to your rates dropping as your car gets older, you often find that instead of dropping they continue to climb even higher. There is some good news, particularly for those that pay their car insurance in monthly installments.

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What do debt relief companies do for you?

Posted December 11, 2009 – 5:05 am in: Personal Finance

How do they proper? Is what they do legal and does it really stop collection calls? What if a person is already in a payment program where they have access to your checking account and you turn your debts over to a debt relief company? What is the procedures. Is using a debt relief really [...]

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