Sometimes, borrowers seeking a loan may need a cosigner or guarantor to be approved by a lending institution. Reasons may include not having an established credit history, having no collateral to secure the debt, new businesses seeking funding, or perhaps a hiccup in a credit report such as a record of delinquent payments. Creditors may be willing to loan you money under any of these circumstances, but may require a cosigner or guarantor - typically someone with a higher income, assets and good … [Read more...]
Archives for November 2018
When Health Insurance is Not Enough
Americans purchase health insurance to avoid financial ruin in the face of a catastrophic illness. However a recent survey of people who have had medical emergencies show that health insurance seldom offers the financial protection many had hoped for. Unfortunately, most people do not know what they are in for when they turn to insurers in a medical crisis. More than a third of people that fall seriously ill wind up spending most of their savings while they are sick and get behind on just … [Read more...]