EliteCashBlog

When we think of addiction what usually think of is the typical drinking, drugging, food – not money. In a society that worships money, wealth addiction is taboo. In this article you can read here, Sam Polk, a former hedge-fund trader who made millions discusses his obsession with never feeling like obtaining more money was enough.

Know what information lenders have on you.

While you’re cleaning up your debt, order copies of your credit reports, which are free, and your credit scores, which cost about $15, since the information contained in them will directly affect the interest rates you’re offered on credit cards, mortgages and other loans.

There are three major credit bureaus: Experian, Equifax, and TransUnion. Each collects information on your credit history which is culled into a credit report. From that report, a credit score is derived. That score is a quick way for lenders to assess how risky you are as a potential borrower. The higher your score, the less risk you pose to lenders, and the more likely it is that you’ll get their best available rates.

The score most commonly used by lenders is the FICO score, developed by Fair Isaac.

When lenders review your credit reports and resultant FICO scores, they take into account not only how much you owe but also how much credit you have available to you. Too much of either and they may not loan you any more money.

So when you get your reports, check for inaccuracies; the bureaus are required to investigate and correct them once you report them. Look, too, for things that may lower your credit rating, including open lines of credit you never use or accounts you thought had been closed long ago.

The bureaus may have different information about your credit history, which means your credit score can vary somewhat from bureau to bureau. So it’s important to view reports from all three.

You can get any of the bureaus’ credit reports free at www.annualcreditreport.com and your FICO score from MyFICO.com. Then check if this is true: If you’ve been turned down for credit, employment, or housing in the past 60 days, you may receive a free credit report from all of the three credit bureaus.

http://money.cnn.com/magazines/moneymag/money101/lesson9/index7.htm

If you’ve maxed out your credit cards and are getting deeper in debt, chances are you’re feeling overwhelmed. How are you ever going to pay down the debt? Now imagine hearing about a company that promises to reduce – or even erase – your debt for pennies on the dollar. That sounds like the answer to your problems, right?

The Federal Trade Commission (FTC), the nation’s consumer protection agency, says slow down, and consider how you can get out of the red without spending a whole lot of green.

Visit this link to learn more about fixing your credit card debt.

The Mosiso Laptop Sleeve Bag is made of premium PU leather, very elegant and it is fully waterproof.  It is a great holiday gift. Check it out here.

The World’s 25 Richest Billionaires Have Gained Nearly $255 Billion In Just Two Months.

Read more by clicking here.

Download some free audiobooks here.

As per Motor Vehicle Act, Third Party insurance is compulsory and you must purchase one whether you buy a new or a used vehicle. You may purchase a comprehensive cover as well.

The former type of insurance protects you against financial and legal liabilities towards a third party. On the other hand, A comprehensive insurance policy provides cover to your vehicle against damage due to accident, fire, theft, cyclone, flood, etc. Along with this cover, it covers any third-party liability. Here are five major car insurance benefits.

1. Damage or loss to the insured vehicle
In case your vehicle is damaged due to an accident, fire, or self-ignition, you are protected. Furthermore, if the car suffers losses due to burglary or theft, strikes, riots, or terrorism, your insurance policy covers these. Another benefit of car insurance is that it covers loss or damaged while in transit by rail, inland waterways, air, road, or lift.

2. Personal accident cover
Another advantage of car insurance is that it offers personal accident cover for a pre-determined amount. Personal Accident cover provides protection against permanent total disability, Death due to an accident. Furthermore, this cover can be taken for other passengers on an unnamed basis (maximum as per the vehicle’s seating capacity) for a pre-determined amount under the car insurance policy.

3. Large network of garages
HDFC ERGO Car Insurance maintains a large network of garages across the country. This ensures you receive cashless services in all these locations, in case the need arises. This feature makes it convenient to avail of repair services in case of any damage to your vehicle.

4. Third-party liabilities
If your car is involved in an accident that results in damage or loss to the property of any third parties, it is covered under the car insurance. Furthermore, if you face any legal liabilities in case of any bodily injury or death of a third party, your car insurance protects you against the same.

5. No claim bonus
One of the major advantages of having car insurance is the no-claim bonus (NCB). The customer is eligible for this benefit for every claim-free year. This may be available as a discount on the premium, which makes car insurance even more affordable.

Here are two factors you must consider while choosing car insurance amongst various insurers.

1. Quick and hassle-free process
When you choose to buy a car insurance policy, it is important that you do not have to undergo a long and cumbersome procedure. The entire process must be simple, quick, and convenient. Furthermore, choosing an insurer that offers the added convenience of purchasing the policy online is recommended.

2. Customer support
A reliable and reputed insurance company hires trained and experienced personnel to help resolve all your queries. Insurance companies also offer live chats to ensure your issues are resolved without any delays.

Having a car insurance policy gives you complete peace of mind. You are assured that you will face no financial difficulties in case of any loss or damage to your vehicle or to third parties.

Source: 5 Benefits of Car Insurance

This NY Times article explores the very unconventional criteria that one of the most successful companies, not the planet uses to hire their brilliantly efficient staff. Check it out here.