3 Great Ways to Save on Auto Insurance

Here are the best and quickest ways to save on car insurance:

1. Obey the speed limit or at the very least stay within 8 miles per hour of the posted speed limit. I have a few cop friends and they have told me that they and most police give a 10 mile per hour speed cushion before issuing a citation. If you get a moving violation, it will affect your record negatively in most states and eventually trickles down to the insurance report and results in increased auto insurance rates.
2. Drive safely on the roads. Nothing will have a greater negative impact on your driving record like an auto accident will! If it is your teen getting auto insurance for the first time you may want to create a sort of incentive program for them. Let them know that they will get $100 or something that is rewarding if they drive safely for six months or one year ... The hundred dollars may seem to be a but much but try paying double the current rates for your teen if they were to get in an accident.
3. Use safety features in your automobile. Some of these features may include: dual sided air bags, side air bags, driver side and passenger side restraint and/or airbag system, etc... Insurance companies love these safety features and will often provide a 10% to 20% reduction in your current auto insurance rates.

These are just a few tips on how to save money on your auto insurance rates. I have provided a link below on how to save huge money on your auto insurance. May you find safety on the roads ahead of you.

Ps: I wonder if some of you can do that. I know its not easy. :)

How to get Cheap Auto Insurance for your son?

Your son has just obtained his license and with that a new found sense of freedom. Now you ask how to get cheap auto insurance for my son ? Car insurances can vary dramatically in price so read on to learn how to buy car insurance that is affordable for your teen drivers.

Because teens lack driving experience insurers consider them a high risk to insure and thus the premiums assigned are much higher than an adults insurance rates would be. There are a few things you can do to help reduce the rates you pay for your teen drivers.

First you need to stress to them how important it is for them to keep a clean driving record. That means driving safely – no speeding tickets, no traffic violations, and no accidents. Over a period of time there safe driving will be rewarded with lower premiums.

You can also reduce their rates by purchasing insurance with a higher deductible. The higher the deductible is the lower the premium is.

If you are going to be purchasing a vehicle for your teen choose a vehicle that is built well with extra safety features, and do not choose a vehicle that falls into a sports class or higher risk rating class. Be sure to check the class the vehicle falls into.

The graduated licensing laws have come into effect in most states in the USA and some provinces in Canada. The rules will vary from one location to another but the basic underlying philosophy is to restrict new drivers by limiting what their license will allow them to do.

They may be issued a full auto license such as a class 5 but there is usually a letter designation behind it to indicate they are a new driver. These new drivers have nighttime driving restrictions, vehicle occupant restrictions, and a 0 alcohol tolerance restriction to name just a few. They will also be required to take an additional test after a specific period of time to remove them from the new driver programmer.

But you’re still wondering where to get cheap auto insurance for my son? Teenage drivers can dramatically reduce the cost of insurance by purchasing a stand alone policy from an agency that specializes in providing teen insurance. A stand alone policy means they are not added as an additional driver on your insurance but rather carry their own insurance.

These insurance companies reduce their risk for insuring teens by placing certain concessions on the driving habits of them. They may require driving school, no driving after dark, or various other restrictions which allow them to keep the premiums lower for teen drivers.

The statistics for teen drivers aren’t good. A 16 year old driver is 10 times more likely to get into an accident than an adult between the ages of 30 and 59, so you can see why insurance companies are hesitant to provide good rates.

The best thing you can do for your teenager and his or her insurance rates is to teach responsibility and make them accountable. Make them earn your trust for the use of the car, and make them accountable to pay at least a portion of their insurance premiums. They can do this by working a part time job which also breeds maturity, so it’s a win-win all the way.

You and your teenager are thrilled with the new found freedom for both of you. So now you need to do your homework and research teen insurance rates so you can get them on the road. What are you waiting for?

Debt Collector? Did you know how to work with them?

If you have let a debt slip by the wayside, then chances are that you eventually will be contacted by a debt collector. The first impulse of most individuals in this situation probably is merely to stop the debt collector’s calls. If an individual is successful in seizing the efforts of one debt collector, however, he or she probably will have to deal with many more down the line as the debt is continually sold.

Instead of trying to stop a debt collector in his or her tracks, perhaps voluntarily working with the collector to rectify the situation might be the best choice for some individuals. If you decide that working with a debt collector is a better choice than fighting against him, how should you go about it? How do you work with a debt collector effectively?

Ok. What a solution now??

Step by Step

When you are first contacted by a debt collector it should be writing, but a call may be just around the corner. If you recognize the debt immediately and you know that the amount specified is accurate, then you can proceed. If you are unsure of the debt in question however, if you think that you owe less, or if you believe that it already has been paid, then write to the debt collections agency immediately with your thoughts on the debt. Ask them to verify that the debt on which they are collecting is correct.

If you know the debt to be accurate, or once the debt is verified, then you should work with the collector just like you would any other lender. You should negotiate your debt and try to agree on a payment plan. Almost all debt collectors will be willing to negotiate, especially if you make negotiation their only option. It is their choice: negotiate with you and get a good portion of the debt, or sell your debt to someone else.

When you come up with an agreement of any sort, have the collector record it in writing, and make sure that all payments that you make to the collector are recorded accurately in writing as well. Once you pay off your debt according to your agreement, that debt is considered paid in full and you should not have any other collector contact you about it. Now, isn’t that better than having to live in fear of the phone for the next several years until the statute of limitations on your debt runs out?

Warnings

#1: Do not give out your bank account information when negotiating your debt. Instead of allowing a debt collector access to your funds for payment, pay via a different method. Some debt collectors have a few tricks up their sleeves. Maybe you gave the collector permission to withdraw funds from your account in excess of your negotiated agreement without really realizing.

#2: Watch out for harassment and abusive practices. While harassment might go hand-in-hand with the stereotypical portrayal of debt collectors, in reality harassment and abuse by debt collectors is against the law. Debt collectors must abide by all standards set forth in the Fair Debt Collection Practices Act.

#3: Before you agree to a payment plan with a debt collector, be certain that you know the age of the debt in question. It is not uncommon for debt collectors to contact individuals about debts right before the statute of limitations is about to expire; that is, the period of time during which a debtor successfully can be sued for repayment of a debt. If the statute of limitations on a debt for which you have been contacted is about to expire, then it might be in your best interest not to pay it. If you do pay, then the statute of limitations starts completely over again.

Credit to Debthelp

How to Debt Free and Build Up Our Net Worth?

Be Debt Free and Build up your net worth!

When one has cleared all their debts, a new beginning has come and start building your net worth. Here are few tips to accomplish this:

Keep away from credit cards: Use cash, check or debit card whenever possible, stick with a budget.

Save More: Save as much as possible, a minimum recommended saving and investment will be 10% of your earnings.

Set-aside funds: Open an account and try to build up $3000-$4000 for various purposes including taxes, insurance, auto and home repairs, appliances, furniture, etc.. Ensure this is automatically detected from your checking account.

Create an emergency fund: For emergency purposes like job loss or illness, try to set aside four months of wages. One can invest in mutual funds with automatic deductions from your checking account.

Start Saving for Retirement: One cannot merely depend on social security alone, you’re your employer’s 401k, or open an IRA to start saving money for your retirement. A weekly contribution of $25 @ 10% interest earns $205,000 in thirty years.

Look after your family: Buy a “term” life insurance policy worth five times your income, a health-care policy covering your medical needs, a disability policy paying 60-70% of your income, an auto policy paying at least $100,000 per injury, $300,000 per accident, and $50,000 in property damage, fire, and theft, a home owner’s policy for 80% of your home value.

Invest in a home: Home investment is one of the best investments; value and equity increase, interest and property taxes are tax deductible. More than two thirds of all Americans own their own home.

If you or anyone you know has trouble managing debt, contact the nations leading debt management firm debtfreeafterall.com, who specializes in debt settlement, debt negotiation, and debt reduction.

Ps: I believe many people already suffer their debt right? So, why not you try to do something like this first. I believe it will help you a bit.

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Did you really need Credit Card Insurance?

The next time you sign up for a credit card, pay attention to what comes along with it. Generally either along with the credit card application itself, or following closely behind via mail or phone call, will be an offer for credit insurance.

According to the Federal Trade Commission, credit insurance may take one of four basic forms:

* Credit Life Insurance

* Credit Disability Insurance

* Involuntary Unemployment Insurance

* Credit Property Insurance

The main purpose of credit insurance, sometimes also known as a payment protection plan, is to cover payments to your lender in the event that you are unable to make them. Depending on your specific credit insurance policy, minimum monthly payments may be made to your lender if you suffer a debilitating injury or a job loss, or your balance may be paid off entirely in the event of your death.

Credit insurance is a financial product that credit card lenders (such as banks) are provided with for a low, bulk rate. Your lender then will offer you the opportunity to buy the insurance at a much higher rate. In general, you can expect to pay about $0.75 to $1.00 in credit insurance for every $100 kept as a balance on your card. Usually, this payment is administered each month based on your balance.

Because the opportunity to acquire credit insurance comes directly from the lender of any given credit card offer, borrowers do not have the ability to compare plans before deciding about credit insurance. These policies are take it or leave it -- and the terms and conditions of the insurance are non-negotiable.

Each state sets its own limit for credit insurance rates, so buying it might be a better or worse idea for you depending on where in the U.S. you live. However, many experts do not think that taking out credit insurance is a particularly wise option for most consumers in general.

Pros and Cons

The main cost associated with credit insurance is, literally, the cost. While $0.75 per dollar on your balance might not seem like a high price to pay for protecting yourself against credit card debt, you may be able to get a better insurance deal elsewhere that will offer the same advantages. For example, traditional life insurance policies and disability polices actually end up being cheaper than credit insurance for many people, and they offer so many more benefits above and beyond paying off your credit card lender.

Nevertheless, credit insurance is a good option for some people, especially for those who cannot get alternative insurance for whatever reason. About ¼ of American families do not have any life insurance, so credit insurance can be a sufficient way of insuring at least one financial obligation. In fact, credit insurance is a bit advantageous to other forms of insurance in that submitting claims usually is very easy -- normally this is not the case!

In addition, rates on credit insurance are reliable because they are set without regard to one’s personal attributes like age, health, etc.

The Laws of Lending

It is against the law for any lender to include credit insurance with your credit card agreement unless you are aware and have given permission. It also is against the law for a lender to deny you for credit simply because you do not wish to purchase credit insurance. If you already have credit insurance, it is your right to cancel the policy at any time.

Conclusion

While credit insurance usually is not a very lucrative option for most credit card users, it does have its advantages. If you are interested in credit insurance on a new credit card, then keep an eye out for an offer right after (or while) you apply. If you would like to obtain insurance on a credit card that you already have, then simply ask your lender at any time.

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Did you know Alternative Solution for Debt Reduction?

Alternative Solutions to Debt Reduction

So, before that. Did you think you already out of solution? Still don't know how to reduce your debt or you gone wild? Try this first..

These days there are number of people who are in debt. For many, debt is the root cause for all evils. If you’re struggling to cover your bills and are being hassled by collectors, you may curse the day you applied for your first credit card. If you’re straining to make minimum payments that feel like maximums, you may swear you’ll never borrow gain. If you’ve just graduated with massive student loans, you may question why you ever thought going into debt for education was a good idea.

There are few alternative solutions available for Debt Reduction. This includes debt settlement, and credit counseling programs. Let us look at the differences of both these programs:

Debt Settlement Program:

* A debt settlement program reduces the total outstanding debt by 50-70% of the original balance
* One can be debt free in as little as 3-36 months
* Usually provides a custom designed payment arrangement that fits your situation and can finally get you out of debt
* Not only reduces the total amount of debt, but also can get you out of debt and satisfy your creditors all at the same time
* Helps rebuild your credit and avoid bankruptcy
* It’s a win – win situation!!!! You are out of debt and you pay off creditors!!!!
* Debt reduction programs such as one offered by www.debtfreeafterall.com provides an easy and convenient payment method. They are professionals experienced in debt settlement, debt reduction, and debt negotiation.

Credit Counseling Programs:

* Credit counseling programs get some interest reduced without any reduction of the actual balance
* Scientific studies have shown that credit counseling does not work 95% of the time, because people get frustrated at the slow pace and lack of progress and drop out, only to find themselves back where they begin
* There are no credit counseling programs that will eliminate credit card debt faster while saving you a substantial amount of money
* Many clients who join credit counseling programs file bankruptcy like chapter 7 or chapter 13

Regardless of the program one should always find ways to eliminate debt and keep the finances under control. Given the above two options, debt settlement offers the best advantage for debt relief as it completely eliminates debt rather than prolonging it over an extended period as most credit counseling programs do.

Ps: First, never think its too hard. Just believe that you can do that.

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