Comments for Hassle Free Insurance

Comment on If you Private Pay in a Nursing Home, Then Will your Regular Medical Insurance And Medicaid Pick Up On? by Issac Blade

Issac Blade — Mon, 30 Nov 2009 05:46:29 +0000

How much is the premium per month for the Class Act? I know you have to pay in for five years for it to be active unlike long term care insurance, and it only covers home care.

Comment on Buying a Vehicle? by SPIFIMAN1

SPIFIMAN1 — Sun, 29 Nov 2009 00:21:10 +0000

Auto finance is what I do for a living and auto loans are based on the following factors.

1. LT (loan to value).
2. Term of loan.
3. Age of vehicle.
4. Miles on vehicle.
5. Down payment.
6. Time on job.
7. Time at residence.
8. Monthly income before taxes.
9. Credit score/profile.
10. Total debt to income ratio.

You will not be approved for several reasons.

1. You do not have enough time in the bureaus. Auto lenders look for 3-5 years.
2. You do not have enough trade lines. Auto lenders look for at least 4 paid as agreed for 12-months.
3. You have no qualifying credit. Auto lenders look for 1 installment loan paid 12-times for at least $150.00 a month.
4. You have no like credit. No existing loan of any kind that is similar to the one you are trying to be approved for.
5. You most likely do not have enough job time. Auto lenders look for 2-years at the same job.

Comment on Are you Responsible for a Down Payment on a Vehicle If you Wreck Someone’s Car? by INS CSR-L.A. County

INS CSR-L.A. County — Sun, 29 Nov 2009 00:08:35 +0000

Even if the vehicle was in bankruptcy, she would have had to insure it. Take it up w/ the insurance carrier. If you are over 25 and a licensed driver, MOST carriers have permissive driver clauses on their policy. It was nice that you rented her a vehicle, but it wasn’t really your responsibility. You may chip in for the deductible, but, again, it’s not your responsibility.

Comment on Buying a Vehicle? by igetayes

igetayes — Sat, 28 Nov 2009 23:44:12 +0000

I agree with oc1999 . You proabally can afford the car but the bank will see it diffrent. You seem to have very limited credit based on your description to step up to a 22k car. You should have a good downpayment based on little debt and good income and the bank will look at the amount of money you put down as a sign of what your ability is. In todays credit world your score should be high and some lenders loan money based just on your score. You can go to http://eloan.com and apply as they are pretty much a score lender. Good Luck

Comment on Buying a Vehicle? by solomon

solomon — Sat, 28 Nov 2009 23:42:39 +0000

Any and all credit history will play into the interest and deal you will get from a dealership.. Your best bet would be to check at any other financial institution, of lending for their best offer.. Also a good down payment will also affect your loan and interest rate..If you are a member of a credit union , at work,, or one you can join , you will find your deal will be better than a dealership.. Go to your dealer,, get his deal,, and then shop around!! You will be amazed what differences you will find.. Your job history plays a part there also.. Don’t expect the ‘deal’ of the century from any of them,,because you don’t have a long job history , or credit history.. But you’ll get your feet wet ar borrowing just by asking around.. Remember,, your money will spend anywhere.. And you know you pay your debts , the problem is they don’t !! And they want to make it worth their chance on you…Same way with insurance, being under 25, unless you can get on your parents policy ,if your still at home, You are going to, get crucified on the price of insurance especially on a fairly new car.. Give it a shot, but know all the expenses before you put your name on the dotted line.. Because once you do ,, you”ll have no choice but to pay..Cause you’ll be singing,,” I owe , I owe,, so off to work I go!!” Good Luck!! SOLOMON

Comment on Are you Responsible for a Down Payment on a Vehicle If you Wreck Someone’s Car? by MSAD

MSAD — Sat, 28 Nov 2009 23:36:51 +0000

You do not owe her a down payment. You do not owe to finance her another vehicle. You did not owe her a rental vehicle for 2 weeks. You do not owe her any increase in her insurance premiums.

If you want to be nice – you could pay her the amount of her deductible. But I’d have her produce a copy of her policy declaration or bill as proof first.

The insurance company would settle the total loss for the market value of the vehicle. Any money after the note is paid off would go to her –probably through the bankruptcy trustee.

The fact that she is in bankruptcy is not your problem. If she had equity in the vehicle and that went to the bankruptcy trustee — that is her problem. She’s the one who caused her financial problems and she’s the one that had to declare bankruptcy.

At this point – after getting proof of what her deductible is – and paying her by check or certified funds (so you have proof), I’d tell her you are not paying her any more. You may need to reconsider this friendship. Sounds like she’s not that good of a friend to you.

Comment on Buying a Vehicle? by OC1999

OC1999 — Sat, 28 Nov 2009 23:24:35 +0000

One credit card for 8 months is not going to get you the best interest rates. It is probably not enough to even get you approved without a co-signer for a loan that high.

How much you can put down, in your case you can expect anywhere from about 10%-20%. How much do you make? You “thinking” you can afford the payment, is probably going to be a lot different than the bank saying you can afford the payments. Generally for a car loan the loan payment must be no more than about 15% of your Gross income. So if you make $1000(for example) your payment can not be over $150 a month.

Comment on Are you Responsible for a Down Payment on a Vehicle If you Wreck Someone’s Car? by drobrules

drobrules — Sat, 28 Nov 2009 23:10:50 +0000

First of all, all you would owe her is her deductible. You should be commended for putting her in a rent car like you did.
You mentioned that the car was “in bankruptcy”. To me, that means that your freind was “upside down” on the loan. In other words, your freind owes more on the car than what it was worth at the time of the accident. All the insurance company owes is the “Actual Cash Value” of the car at the time of the accident, if the car is “totalled” (costs more to fix than what it is worth). If your frend made a bad deal on the car, paid too much, didn’t put enough down, has too high of an interest rate, etc…this all contributes to the loan being “upside down”.
But you have nothing to do with that. That’s not your problem.
I hope everything works out.

Comment on Can Car Accident Attorney Place Lis Pendens on a House in New York State? by Jenn

Jenn — Sat, 28 Nov 2009 23:05:19 +0000

I’m an insurance rep in CA… The claimant (person you hit) can not file a suit against you if you have enough liability coverage under your auto policy. As long as you we’re insured during the accident, you’re insurance company should handle the claim in full. Contact your adjuster and let them know what’s going on. They should be able to handle it from there… as long as you have enough coverage!

Comment on Are you Responsible for a Down Payment on a Vehicle If you Wreck Someone’s Car? by newjerseyguy

newjerseyguy — Sat, 28 Nov 2009 22:36:01 +0000

Are you legally responsible to her? No, because her insurance paid off the vehicle.