The Collapse of The American Dream Explained

#AceDebtNews says it all starts with borrowing and lending other people’s money and it all ends up with a lot of people losing everything they own! It is simply #OPM to #Debt in two easy lessons! Never borrow more than you can comfortable afford allowing for 20% more income than debt, and always remember it is easier to borrow than to payback #DRAP

For more help and guidance in getting out of #Debt send an email to this address: acedebtservices@groups.facebook.com and leave your contact address and l will reply personally to you ,in the strictest confidence.   

 

consciousshift2012

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#acedebtnews, #business-and-economy, #debt, #finance, #financial-services, #home, #money-management, #personal-finance, #united-states

Everyone Needs Car Insurance but Getting the Best Deal is Becoming Harder by the Year

English: A component diagram illustrating an I...

English: A component diagram illustrating an Insurance policy administration software system (Photo credit: Wikipedia)

When you first begin driving your insurance will most likely be the highest it will be in your life-time. This is because an insurance company needs to know you’re not going to cost them too much money. When you first begin driving they have no idea what kind of driver you’ll be; courteous, law-abiding and careful or reckless, fast and inconsiderate.

The fact that you may have more accidents and this could end up costly for the Insurance company in the early days ,reflects your initial premiums.

ASSESSMENT OF RISK:  

The fact is they have no track-record to look at for them to access your driving skills and so actuaries will base their  risk in the policy and cost of premiums for a type of cover at the higher rate for your first year, that will decrease year on year providing you have no accidents or points on your licence. The other factors that their risk assessment will take into account are age, under 25 and automatically your premium will be loaded, with some form of excess. Also should you be a high mileage driver they will take this into account. Other factors affecting cost will relate to where you park your car at night, be it a garage or on the open road.  In the past gender used to play an important role, but with more and more companies rating the customer as one gender for price, due to changes by the “Equality Rights Commission” this does not play such an important part in pricing.

Knowing which factors can reduce the amount you pay can help you know how you should drive and what you can do to reduce those costs, however when it comes to renewal how do you know you’re getting the best offer for your safe driving? The renewal you’re sent through the door is almost never the best deal you could get. Even ringing them directly doesn’t mean that they can offer you the best deal for you. On-line comparison sites tend to be the best way to get value for money. You can decide on your type of cover and see offers from many insurers and choose the one you prefer.  There are many price comparison sites and they will use the rule of providing a policy on the information you type into their search machine, but remember you only get what you pay for, and exclusions apply with every policy! They are not providing  this service for nothing, and will have metered into the premium costs their commission somewhere down the line ,even though as a consumer this will not be obvious.

Vintage Ad #1,168: Sympathy from the Car Insur...

Vintage Ad #1,168: Sympathy from the Car Insurance Industry (Photo credit: jbcurio)

My Conclusion and Overview of the Market:

During the time l was selling insurance for both car and household l kept one thing in mind at all times ,this was that the most important person in everything l was doing was the customer. Nowadays we are blinded with technology, that on the face of it looks like it is assisting us with the best arrangement ,but as l have found out through research and years of experience, things are not as they seem.

The real fact that everyone should be looking at is not so much the price or the cover, but simply what are you not covered for in this well written and presented insurance policy! So look carefully at the part in the policy document that states ” What this Policy does not Cover” and should anything be in there that you thought was covered, decline to sign up.

REMEMBER: Always ask for a copy policy document before you agree to the New Policy or sign any policy agreement ,as once you have and pay the first premium, it is harder to stop the policy and get yourself a full refund. 

And: 

You never know how good a company is until you claim! 

 

#acefinancenews, #aceinsurancenews, #automobile, #business, #business-and-economy, #cover-version, #deductible, #defensive-driving, #driving, #financial-services, #insurance, #insurance-policy, #telematics, #traffic-collision, #usage-based-insurance, #vehicle-insurance

Social Housing Dropped In Favour Of New Lending Policy

Taxes

Taxes (Photo credit: Tax Credits)

Whenever l read a post that says – We are here to improve or provide better ways to help you! My alarm bell’s say be careful look at the real picture at what they are not saying, not what they are!

Well this article says be careful !

Ministers are studying plans to boost house building by lending publicly owned land to developers and relaxing requirements for building schemes to include social housing. The recommendations are expected to be made in a report by Sir Adrian Montague. Under the changes, the government and local authorities would “invest” land they own with private developers or housing associations, which say they can raise money to build homes but cannot afford to buy land as well. The state would be repaid when the completed developments were sold to institutions such as pension funds, which have indicated they want steady income from rents but cannot take the risk of development or wait for their pay-back during the building phase. To further encourage developers, councils could be urged to relax requirements for developers to build social as well as private housing; in return, they would have to agree that the rented homes could not be sold privately for a minimum period.

So what is the real story and how is it hidden from our view, well simply it is too good to be true! Also it is the tax payer once again that will pay for both giving the land owned by them and also funding the building costs.

Let us cover the first part giving the developer’s land, they have aptly called,lending them publicly owned land! That is “give” for no payment then adding to include social housing, as a way to placate us. The fact it is given        ” free and gratis” does not really get too much of a mention. They go onto say we will invest [give] land to private developers and or housing associations, mention of private sets the antennae really ringing. Anything private or PFi says profit and the only reason this government would give land to private developers,is profit for them and not the taxpayer!

The next part is even better it goes onto say that once they are built and sold for rental to pension funds that have indicated they want a steady income! Again more private companies that invested taxpayers hard earned money into pension funds and then using various investments, into commercial managed property portfolios,lost it all and had to reduce people’s pensions. Does anyone remember the 1980’s Serp‘s ” State Earnings-Related Pension Scheme” well this was replaced by ” State Second Pension” but very few people realise it was used for paying unemployment benefit and had to be replaced.

So l see this as ” History Repeating  itself as private companies giving to private companies means nothing for the taxpayer but profits for the developer, pension funds and rental companies.

So who takes the risk? The taxpayer not the government as they will get paid back when the development is completed, as they do not want to take the risk!

So even the risk is to be taken by the taxpayer and the profit is to be taken by the private companies. So this is a no risk no payment and good return for this governments ” Cash for Contracts” supporters!

#business-and-economy, #housing-association, #housing-benefit, #leasehold-estate, #pension, #private-rented-sector, #property, #public-housing