Tips to Save on Car InsuranceWritten by Jordan Walt
NEWS RELEASE Contact: Jordan Walt, (503) 653-8287 A.I.C. Insurance Agency Offers Tips to Help You Save on Auto Insurance Milwaukie, OR 2/18/2005 – Purchasing auto insurance that is right for you can be confusing, especially for first-time buyers. By learning basics on how to get most for your money, you can save on your auto insurance and feel confident you have adequate coverage. A.I.C. Insurance Agency and Travelers, a leading provider of auto and homeowners insurance, offer these tips to lead you in right direction when you purchase your car insurance. • Be a safe driver. Drivers with good driving records can save as much as 60 percent over drivers who cause accidents. • Enroll in a driving class. Drivers who complete a state-approved defensive driving course, or drivers under age of 21 who take a driver training course, could qualify for savings. • Buy a car that includes safety features such as anti-lock brakes, alarms or other security features, airbags, and automatic seat belts. • Choose a higher deductible (what you pay before your insurance policy kicks in), which can mean paying less for your policy. • Eliminate unnecessary coverages. If you drive an older car with little cash value, consider eliminating “collision” or “comprehensive” coverage, which pays for damage to or theft of your car.
| | Homeownership Is Still Possible With A Flawed Credit HistoryWritten by Jamie Madison
Besides lack of a down payment, bad credit is one of biggest obstacles to homeownership. However, just because you have blemishes on your credit doesn't mean that it has to be a dream deferred. It just means that you need to go into homebuying process knowledgeable about challenges you may face.One of first things you should do is set a timetable for when you would like to buy a home. Depending on how damaged your credit is, you may want to put off buying a home for another year. Use that time to repair your credit by paying off creditors and create a history of paying your bills on time and consistently. Next, find out what your credit reports say about you. Consider ordering a credit report from all three of main credit reporting agencies because not all creditors report information to same agencies. Equifax (800-685-1111), Experian (888-397-3742), and TransUnion (800-888-4213), Once you have your report in hand, study it to make sure that information is accurate. If there are discrepancies, make sure you follow steps provided by credit-reporting agency to dispute information and get it changed. In addition, you may want to add a consumer statement on your credit report to explain any late or non-payment to creditors. When you’re ready to apply for a loan, realize that your previous credit history may limit your eligibility for prime loans and low interest rates. When lenders are deciding on whether to issue a potential borrower a loan, they use various criteria in addition to payment history to evaluate borrower such as employment, income, assets and liabilities.
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