Lenders make big money foreclosing on you!

Now I know why Indy Mac/One West Bank would not work with me and foreclosed. This is a must see and please pass on. A lot of good people lost their dream as lenders made a killing. PLEASE VIEW AND PASS ON!

Credit Score Determine Insurance Rates

Important Issues with Realistic Solutions

This Week: Credit Score Determine Insurance Rates

So you lost that career job, or home, had a medical or other emergency that drained your savings or affected your credit score. Just when you thought it could not get any worse, SURPRISE!  The latest, here we go; if you have a low credit score you will pay higher insurance rates, sad but true. People who have a lower credit ratings pay an average of 25-35 percent more for home and auto insurance coverage, than those with good credit – even when driving records and recent damage claims on homes are identical.

Rates submitted by the 35 largest auto insurers show that all but two use credit history to help decide whom to sell insurance to and how much to charge. Some companies double the rates for those with poor credit scores. Among home insurers, 19 of the 26 largest companies charge higher rates for low scores, including some who charge 2 ½ times as much.