You're standing at the car rental counter, anxious to get on your way, but first you have to deal with the representative who's pushing you to sign up for the agency's car rental insurance ''just in case.''

Should you?

Most Americans have no idea what to do when offered collision damage waiver (CDW), the expensive add-on coverage offered -- often forcefully -- by rental car agents. Given the tricky exclusions listed in the fine print of most credit card policies, chances are, they're even more confused about what their credit cards cover.

We have answers to your big questions -- and the questions you need to ask -- so you can make an informed decision about whether to pay for the rental company's coverage the next time you rent a car.  

What does my personal auto insurance cover?
If you own a car, your personal car insurance will likely provide collision and theft coverage, says Michael Barry, spokesman at the Insurance Information Institute, but the coverage isn't perfect. Most auto insurers won't cover you if you rent a car overseas, for example, or if you're using the rental for business. So it's important to call and ask about exclusions. Many policies also decline to pay some of the additional fees that rental car companies typically tack on to the collision bill, potentially leaving you on the hook for hundreds of dollars. Not to mention that you'll be responsible for paying the deductible. So that's where your credit card comes in.

What does my credit card cover?
As a perk of membership, many credit cards offer some kind of rental car protection. Generally speaking, they do not cover things such as personal injury or personal liability, although you may have that coverage through your auto insurance and health insurance. But they do typically cover collision damage and theft protection.

For most cards, the coverage is secondary, meaning that if you have car insurance, you have to file a claim there first (and your premium may go up). But your credit card should step in and pick up where your auto insurer leaves off, paying the tab for your deductible, towing charges and other fees. However, as many frustrated cardholders have learned, the fine print can be tricky. Credit card companies have their own restrictions and exclusions and they, too, often refuse to pay some types of fees levied by car rental companies.

To Claim or Not to Claim: Credit Card

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There are plenty of travel sites that tell you how to do things the right way — but as every traveler knows, sometimes things go wrong. In his bi-monthly Mistake Monday series, TPG Contributor J. Keith van Straaten invites you to learn from his mistakes — his many, many mistakes. (All photos by the writer unless noted.)

Thanks to miles and points, I celebrated New Years 2014 in Jamaica

Read more: http://thepointsguy.com/2015/08/rental-insurance-with-credit-cards/#ixzz48nGNffWY

Credit & Loan

It is something that you hear about frequently. A person gets their very first credit card, or maybe a couple of them, and in no time at all they go wild on shopping sprees and start spending their “plastic money” like crazy. Then, in short order, those bills start mounting and the monthly payments get to be more than they can deal with. And, if they end up being late or missing a payment, then they will discover that their interest rats have doubled or even tripled from where they started and the financial woes really hit. When these situations happen, credit cards loans can be a godsend and a good way to turn things around.

Such a loan has helped thousands upon thousands of people to get untangled from the web of credit card debt that they can so easily get themselves into, and start to take control of their finances again. These loans can help people cut years and years from the time it would take them to pay off their credit cards debt and mounting interest that gets added to their balance every month, especially if they have gotten themselves into the predicament of only being able to pay the minimum credit card payment due each month.

The idea behind credit cards loans is to take all of the balances from the various credit cards that a person has and pay them all off with a loan that has an interest rate that is fixed and typically much lower than the interest rates on even the best credit cards in the industry. This consolidates the debt into one loan so the borrower only has to make one payment a month, rather than juggling two, three, four or more payments to different credit card companies every month.

Such a loan is also a very effective way of helping people to better budget their money by having a monthly payment that is fixed. And, because the loans for credit cards debt consolidation carry a lower interest rate, the result will not only be a shorter payoff period but a lower monthly payment than what was being paid to the various credit card companies each month. This can really help people to get off the slippery slope of increasing debt and start to get a firm financial footing that can serve them well for many years in the future.

However, a credit cards loan can be dangerous if people have not learned their financial lessons and have learned how to budget and control their spending. Those who decide to pay off their credit cards with a consolidation loan should close out all of their accounts and learn to live on cash, or at the most, keep just one credit card that has the best interest rate and hold it in reserve to be used only in the case of emergencies.

Without taking these important steps, people can soon find themselves with mounting credit cards debt again and they may not have the option of taking out any more credit cards loans if their debt-to-income ratio has gotten too high. Because of this, is it a good idea to also seek out some financial counseling and create and adhere to a strict budget that will help pave the way toward financial stability

Credit cards and loans

Credit cards are good when you’re buying something you know you can pay back quickly, or for emergencies. The goal is to pay the money back very quickly — or you’ll have to pay interest. And the longer you wait, the more you’ll pay!

Now let’s look at loans. With loans, you borrow all the money you need — all at once — and you pay it back monthly. With loans, you also have to pay interest — but it’s usually less interest than you’d pay with a credit card. Plus, with a loan, you pay it off and you’re done! No more loan

Bad Credit Loan Information

Usually, the credit history of the person will be checked before approving the loan. Only a person with good credit record will be provided with the loan in the earlier days, but now it is not the case. Getting loans for individuals with bad credit is also possible but the point to be noted here is the interest rate might be a bit higher when compared to the other loans. It is possible to calculate the credit score from the credit history so it will be a very good idea to have a look at the score before applying for the loan. When there is a bad credit, the credit score will be affected badly which is not a very good sign.

Normally, people who have filed the bankruptcy due to the wrong decisions that were made earlier will find is very tough to get the financial support, and in such cases, the bad credit loans will act as a boon. In some cases, the medical emergencies might require a big sum to be paid, and here also the loans will be the only option to make if the person does not have a hefty saving. The credit history and credit score shall be improved when the financial transactions are done in a proper manner.

The bad credit loan will be provided for vehicles, mortgage, personal loan and so on. There are many sources that are ready to give the bad credit loan, but the common point that will be stressed in this situation is the high-interest rate. Normally, the interest rate that is paid will be 2 to 2.5 percent higher when compared to the interest rate on the good credit loans. This will apply even to the mortgage loans. In case, any type of correction should be included in the credit score, then inform the credit bureaus with proof.

Bad Credit Personal Loans

The prime thing that we need in an emergency crisis is money in this world. You can take it from emergency savings fund, but at many times the money which needed is a lot when compared to the savings fund. At this time we would approach banks for asking personal loans. They will verify our past transactions and credit score. If we have a good credit then the loan will be sanctioned else they would reject. For people with bad credit history bank will turn down our proposals. In this case its hard to find bad credit personal loans. Every bank will disapprove the loan because of bad credit score of previous loan dealings. So the intriguing thing is what is bad credit score ? , after taking a loan from bank , if we are defaulted in paying back the loan at the  appropriate time, we will end up in a bad credit score. We can compensate the bad credit by regularly paying back the loan after the slipped one and exert a good rapport with the bank.  The bank wont provide loans because they value us as a highly risked customer that their investment might go devastated. Hence they refuse unless and until we maintain good credit score.

Its hard to find bad credit personal loans but its not impossible. There are myriad ways to get loans for bad credit. when you have a bad credit account and you desperately need money on the account of a emergency crisis such as medical treatment, educational loans and tax reduction period, the forthcoming ways could help you with this situation. Its true that “Hard to find bad credit personal loans” despite this fact there are many means than you think.

The foremost option is to use the property equity line of credit : in this case the people have to mortgage the properties to the bank, it would be beneficial by low interest rates, tax deductible equity and ownership of money. But the endangerment is you end paying more than the property’s worth and if you are not maintaining the remuneration discipline, your property will be in jeopardy and seized by the bank authorities.  Its an inexpensive option regardless of the credit score, but certain about paying back. It’s a recommended for people tries hard to find bad credit personal loan.

Secondly you can try with credit unions, these are non profit organization members who typically have something in common like the same office, location or industry. Offering loan for lower fees and high customer services, but you will find it rarely funding for greater needs. Probably these will help with pocket-sized financial situations. Its advisable for people who endeavors hard to find bad credit personal loan to take this if its available, before signing the paper-works check the interest rates with all other unions applicable.

The another way for people who experiences hard to find bad credit personal loans is taking peer to peer loans. These are online platform with individual investors unlike traditional banking. It is gaining popularity because of the streamlined procedure and a win-win situation for the borrowers and investors. The borrowers have to post their needs, situation and credit records. These investors will check this out and approve the money if they are credible and profitable irrespective of the bad credit. these ways will help out people who tries hard to find bad credit personal loans.

HOME LOANS FOR BAD CREDIT

Posted on September 13, 2013 by Renee Borage

When you start searching for a home loan, you’ll see that most lenders are searching for “triple threat” applicants. No, I’m not talking about people who can act, sing, and dance well. I’m talking about a borrower’s triple threat—someone who has an excellent credit rating, a large down payment, and a steady job that gives them a low debt-to-income ratio. While these “triple threats” are the prime applicants for a mortgage, less-than-perfect applicants shouldn’t give up hope. We’ve already talked about how to find a mortgage with low or no down payment, so today we’re going to look at what to do if your credit score’s not up to snuff. It’s certainly possible to find home loans for bad credit; you’ll just have to work a little harder than the average borrower.