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Are you someone who is always struggling with money?

Do you need assistance and guidance of experts to help you with sorting out your monetary issues?

Well, scroll no further because you have come to the right place. We help you with all your queries, issues and problems related to finance.

Scams to look out for in a car insurance

Many people get caught up in car insurance frauds. If you have gotten a phone call from someone claiming that you owe money or your insurance is voided, do not believe it. The call is not legitimate.

There are some ways in which you can avoid auto insurance scams. Always check the fine print on the policies you are interested in before signing on the dotted line. It is wise to read over any contract you sign, especially if you are buying auto insurance from an online company.

Common car insurance frauds include misrepresenting age on your policy. In many states, the minimum age is 21, so this could be a legal way for the insurance company to inflate your premiums to make a profit. Also, if you have multiple cars on your policy, then you should inquire as to whether they will be included in the new age limit, and if so, how much they will cost you.

Another common type of car insurance fraud is a company that claims that their service will help you if you have made a claim against your policy. This may work in some situations but there are also companies that will simply not pay your claims because they feel that you are at fault.

Keep in mind that insurance companies have no regard for your personal information and will not make you fill out a credit application. As such, it is critical that you take the time to do your own research and make sure that you are receiving the best coverage for your needs. For example, you may be a woman who have never filed a claim on her car insurance policy, but a male driver may have caused a major accident on your car.

To avoid auto insurance scams, there are several resources available to you. These may include using the Internet, asking a friend to recommend a reputable insurance agent, going to your local Better Business Bureau and using an auto insurance fraud watchdog website.

Even if you have received a refund from a car insurance company because of a fraudulent claim, do not let the information be used as the basis for your next policy. In most states, it is illegal to use a refund as collateral for an insurance policy and you are not legally allowed to sell your policy through the same avenue.

It is not possible to completely avoid being a victim of a car-insurance scam. However, there are steps you can take to help protect yourself. You can avoid the common ones by doing your homework, being careful about whom you give personal information to, and making sure that your auto insurance provider is licensed and insured.

There are other ways to protect yourself as well, such as keeping your insurance policy current, shopping around when searching for a new coverage with the help of sites like Money Expert car insurance quotes, and paying attention to the fine prints of any contract you sign. While there may be times when you need to pay a higher premium, the key is to stay alert to all of the pitfalls that could cause you to fall prey to a car-insurance scam.

Sources of Business Finance

Are you someone who has an incredible business idea in mind and looking for sources to finance your idea? Are you someone who is opting to set up a start-up but not sure where to start? Well, worry no more because we have compiled a list of sources, which you can consider when looking for a way to fund your start-up. Let us look at them one by one.

Getting a Bank Loan

For Entrepreneurs, Banks are supermarkets, where they can get finance for their business. Banks provide various packages or plans, which you can choose as per your needs or wants. Usually, the financing plans are of three basic types including short term, mid-term and long term plans. These plans contain finance for all things you need for your business including equipment, working capital, real estate and any other asset needs. Banks want you to provide them with some kind of security when you seek to get a loan to assure that you will pay back the money. Unlike other business options, banks provide you the most flexibility. You can choose the best-suited plan for your business and decide an appropriate time for paying the money back. If you want, you can always pay back the money earlier and end the contract.

Going for a Smart Lease

When starting a new business, you will need to purchase some property or space to set up your business. You may also need to buy equipment, machinery and other things as well. This can be very tough decision to make and a heavy burden to bear. In such a situation, going for a smart lease is a good option for you because doing large down payments will be difficult and painful for you. In this case, you have to pay the money back in instalments at regular intervals of time. The instalment amount, time interval and payment criteria are set before you sign the lease contract. There are, yet again, various options for you to opt for and many plans and packages to make it easier for you to pay the instalments.

 

Getting funding from friends and family

This is the most flexible and lenient option for you if you are lucky. You might not even have to pledge your property to provide assurance to them. Your family and friends are the people who have faith in you and they trust your abilities. If they are good investors, they can be the best option for you when starting up a business because while others might be looking at your initiative as a big bag of risks, your friends and family will be there to back you up, support you with your idea and help you to make it successful because they are the ones who personally believe that you have the potential to do so.