Homelessness continues to be a serious problem in the United States. Rent and housing prices are at record highs, and now that the economy has formally entered another recession, more people face the real possibility of losing their homes. Millions of Americans have skipped rent and mortgage payments due to unemployment and income losses brought on by COVID-19. Studies indicate that some groups are more susceptible to homelessness than others. On any given day, over 40,000 veterans experience homelessness in the United States. LGBTQ people ages 13 to 25 are 120% more likely to become homeless than their straight peers. Furthermore, African Americans account for 40% of people experiencing homelessness, even though they make up only 13% of the general population. To avoid having to sleep on the street, many … [Read More...]
What Is a Lienholder and How Does It Work?
If you’ve ever financed a car, you may know what a lienholder is. It’s the bank, credit union or car dealership that loaned you the money to buy the vehicle. This information is important because the lienholder, legally speaking, has ownership of your car until you pay off the loan. Let’s take a closer look at what a lienholder is and how it impacts you and your ownership of your car. What is a lien and who is the holder? If you buy a car and pay for it out of pocket, you won’t incur a lien on the vehicle. Most people don’t buy cars like that, however. Instead, the buyer may pay a down payment and the rest of the cost is fronted by a business … [Read More...]
Understanding How A Lienholder Works
If you’ve ever financed a car, you may know what a lienholder is. It’s the bank, credit union or car dealership that loaned you the money to buy the vehicle. This information is important because the lienholder, legally speaking, has ownership of your car until you pay off the loan. Let’s take a closer look at what a lienholder is and how it impacts you and your ownership of your car. What is a lien and who is the holder? If you buy a car and pay for it out of pocket, you won’t incur a lien on the vehicle. Most people don’t buy cars like that, however. Instead, the buyer may pay a down payment and the rest of the cost is fronted by a business … [Read More...]
Understanding Your Auto Insurance Quote
First-time car owners often feel overwhelmed when they shop for auto insurance. Insurance quotes can help outline the types of coverages a policy offers and how much you can expect to pay. Before requesting insurance quotes, learn about terminology, state insurance requirements and the factors that might impact your premium. Then, request quotes to compare the coverages, discounts and rates insurers have to offer. What is an auto insurance quote? An auto insurance quote is an estimate, based on your personal information, of how much an insurer will charge you for a car insurance policy. Quotes are important because insurance rates can vary across companies. When shopping for car insurance, get as many quotes as possible to avoid overpaying. If you’re in the market for a … [Read More...]
What To Know About Subrogation Claims
When you get into a car accident, your insurance company will reimburse you for the damages as quickly as possible. But if you didn’t cause the crash, they work with the other driver’s insurance company to recoup the payout. This process is called subrogation, and while drivers don’t usually get involved, it’s helpful to understand the process in case you ever have to sign a waiver of subrogation. What is subrogation? Subrogation is a legal process that is used in various types of insurance claims, including auto, home and health insurance. Essentially, it’s the legal right for an insurance company to reimburse a policyholder for a loss and seek repayment from the third party that is responsible for the damages. The process of subrogation makes it … [Read More...]
Auto Insurance Guide If You Are Living Out of Your Car
Homelessness continues to be a serious problem in the United States. Rent and housing prices are at record highs, and now that the economy has formally entered another recession, more people face the real possibility of losing their homes. Millions of Americans have skipped rent and mortgage payments due to unemployment and income losses brought on by COVID-19. Studies indicate that some groups are more susceptible to homelessness than others. On any given day, over 40,000 veterans experience homelessness in the United States. LGBTQ people ages 13 to 25 are 120% more likely to become homeless than their straight peers. Furthermore, African-Americans account for 40% of people experiencing homelessness, even though they make up only 13% of the general population. To avoid having to sleep on the street, many … [Read More...]
The Challenge for Warren Buffett
Photo Credit: Javier || THis is a much younger version of Buffett. Has the present Buffett learned to adapt? Barron’s ran an article called Why Berkshire Hathaway Stock Has Rarely Been This Cheap. It was written by Andrew Bary, a man that I respect. I wrote a comment at the article, and it reads as follows: So long as the government & its commercial paper financing arm (The Fed) is willing to create grants and credit out of thin air to rescue businesses, Buffett will not get opportunities to buy stock at the discounts that he has liked to see in the past. The cash pile will grow, & BRK stock will likely muddle. Buffett’s justification for the cash pile changed at his last annual … [Read More...]