Category: Advice

Car insurance: what you need to know

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Vehicle accidents or theft happen, and when they do, car insurance can help you to keep your finances safe and sound. Car insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy. How much car insurance coverage helps, however, is up to you, and this is determined by the combination of options that comprise your insurance policy. Policies are generally issued for six-month or one-year timeframes… Continue reading

Loans: the complete and easy guide

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Usually, when we want to satisfy our lives, needs or desires, but we have no money to do this, we go to a lending institution and apply for a loan. In finance, a loan is the lending of money by banks, credit unions, online lenders, credit card companies, etc. The borrower incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed. Choosing the best loan isn’t as simple for most of the people, because there are many types of loans designed for different financial circumstances…. Continue reading

The complete guide to mortgages

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A house is probably one of the biggest purchases you’ll ever make. Paying it in cash is not possible for most of the people, so the only way to buy a house is by taking out a mortgage, which is a loan from a bank or building society, used to buy a property and secured by the collateral of specified real estate property until the borrower has paid it off in full. The borrower is obliged to pay it back with a predetermined set of payments over a predetermined period of time. Choosing the best mortgage isn’t simple for most… Continue reading