General

The Importance of Car Insurance

insuranceautoHaving a vehicle is ultimately an investment that owners should never take for granted and being able to keep to the task of protecting an investment, the policy of having car insurance is necessary not just for the vehicle but also for the owner.

With a lot of available Medicine Hat Car Insurance policies out there and the different rates and services that come with it, vehicle owners should give enough effort to look into these different arrangements so that when the time comes that car troubles occur, they have the protection and security from their purchased insurance policy.

Helps to Repair Your Vehicle

Although a lot of money goes into getting a vehicle insurance policy it is important to know that having one at your disposal will ultimately decide if your vehicle will be repaired timely or not.

Those who are not able to have an insurance plan to cover for their vehicular accident will realize in the long run that not having one not only makes the situation a big hassle for them but also makes it a lot more difficult to have the vehicle repaired as soon as possible.

Balances Out Finances

It may seem that having to invest a lot of money to insurance seems to be another added expense, but in the long run it is actually a very good way to manage finances especially in relation to ones that involve the car when a future accident occurs.

When a car insurance policy is at work, a vehicle owner will not need to resolve the situation by providing a large amount of money just to make sure that the vehicle is repaired, the amount of money shelled out will depend on the type of policy coverage that is purchased for the vehicle.

Makes Life Hassle Free

Being protected by auto insurance makes any possibility of an accident one that is hassle free from the financial assistance provided to the amount of after accident effort that needs to be put out because the insurance company is sure to provide a helping hand.

Encountering an accident on the road, many owners will have a hard time dealing with how the vehicle will be repaired and how the paper work would be done, and establishing an insurance policy does really provide an owner with enough help in order to address the situation including having a professional help in dealing with all the requirements and other important documents in relation to the incident.…

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Rebate Checks Diverted

I was reading through this article and thought it was very interesting. It looks like the Treasury Department has the power to divert the stimulus checks that are coming to you and use it to pay off some of your debts. Some of the debts the Treasury Department is collecting on are child support, student loans, and back taxes.

So far, 1.8 million rebate checks have been intercepted by Treasury Department computers showing that individuals owe money to federal or state governments. The biggest beneficiaries: parents who are owed child support.

The Internal Revenue Service has mailed 77 million checks worth $64 billion — a little more than half the expected total.

Rebate ChecksSo far, nearly $1 billion has been collected. Where it has gone:

  • 55% for child support.
  • 39% for federal debts such as student loans or farm loans.
  • 6% for unpaid state taxes.

Taxpayers denied their rebate get letters explaining why they got a reduced payment or none at all.

The diverted money is sent directly to the family or government agency to which it was owed.

I believe this is so good. If the money was not taken directly, most of the money would never have gone to paying off the debt. This is quite unexpected and I believe it was a good move.…

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5 Sneaky Overdraft Traps

As we all know, banks have not been doing so well this year. More banks are continuing to lose money so they are trying to find other ways to make money from their customers, the ones that keep them alive. There is an article about five ways on how banks could make you pay additional fees on overdrafts. Good thing that they also include some solutions to make sure you don’t receive these additional sneaky charges.

Debit and ATM Cushions

Finance-questionSome bank’s debit cards will allow you to overdraw on your card on some accounts. You might think that by using your debit card to make purchases, you will never spend more than what you actually have but this theory might not be true. You might still be withdrawing more money than you actually have in your bank account.

What this article recommends is to contact your bank to ensure the overdraw account is set to zero so you never over spend. This is a safety net to keep you from spending more than what you actually have.

Reordered Debits and Deposits

Some banks might not count your deposits and your debits at the correct order you actually completed your transactions. This, in turn, could prevent you from knowing what is the exact amount you might have in the bank account at the time of your debit transaction. I always double check my online banking account to ensure the deposit I made has actually been cleared before making any kind of debit from it. Some online banking accounts actually take longer for the deposit or transfer to go through so I ensure that it actually is available before making any debits from it.

Extended Overdraft Fees

Some banks will charge you extra money if you do not pay back the overdraft fee that has been assessed to you. To prevent this from happening, I would recommend that you link up a savings account that will transfer money into your checking account if you are overdrawn.

High Daily Maximums

As the article states, only 30% of banks set a daily maximum for the number of overdraft transactions you can have. If you make a lot of transactions in one day using your debit card, you might want to contact your bank ahead of time to have them waive the fee. It can add up real quick if you don’t watch your transactions carefully.

Funds on Hold

Be careful about funds been put on hold. It may stay on your account for a day or even longer. If you only have a certain amount of money and it is put on hold, you can obtain a overdraft on your next charge.

If you are pretty good with your budget, you might consider using your credit card.…

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