caption Most countries do not have a credit score system like the US. source LDprod/Shutterstock A credit score is a number, used in countries like the US and Canada, which aims to predict your likelihood to meeting financial obligations like paying back a loan. Having a low credit score can make it harder and more expensive to get a mortgage, for example. Mant countries do not have a credit score system like the US, instead only tracking negative credit marks rather than tracking positive ones. In the US, a good credit score can feel like a key determinant of success. It defines how good an interest rate you can get on a car loan or mortgage, the quality of credit card you can get approved for, or if you’ll get approved for any credit at all. The better your score, the better the perks. A bad score can become a black mark that leads to missing out on the home you want (credit checks are a … [Read more...] about Many countries don’t use credit scores like the US — here’s how they determine your worth
Car insurance us
REUTERS: Shares of Warren Buffett's Berkshire Hathaway Inc surged on Monday to their highest level since March after the conglomerate reported strong second-quarter results in several major business lines.Berkshire on Saturday said operating profit rose 67 percent to US$6.89 billion as the Geico car insurer won market share despite raising rates, and faster U.S. economic growth boosted shipping demand at the BNSF railroad.Analysts expected operating profit of just US$5.57 billion. Net income was US$12.01 billion, including unrealized gains from a roughly 5 percent stake in iPhone maker Apple Inc that would now be worth more than US$50 billion.U.S. gross domestic product grew in the second quarter at a 4.1 percent annualized rate, the fastest in nearly four years, the Department of Commerce has estimated.Berkshire's Class A shares were up US$9,619, or 3.2 percent, at US$314,290 in Monday afternoon trading."Results have reflected a really robust U.S. economy," Jim Shanahan, an Edward … [Read more...] about Berkshire shares surge as US economy fuels broad-based strength
By Martin Regg Cohn Ontario Politics Columnist Fri., July 7, 2017 The endless rip-off in car insurance rates is a never-ending tale of Ontario the good versus Ontario the bad. We are among the best drivers on the continent, with the lowest accident rates and injury statistics. That’s the good news for nearly 10 million passengers and drivers on our roads. And yet we have the worst premiums in the country — $1,458, on average, in 2015. That’s double the cost in Quebec, and 55 per cent higher than the national average. How is such highway robbery — billions of dollars in excess premiums — still possible, year after year? Our politicians love to blame crooked tow truck firms for driving up costs every time they drive our vehicles to corrupt garages, which pay kickbacks for every battered car body and greedy health clinics that maximize billings from bodily injuries. Article Continued Below Yes, the system is plagued by … [Read more...] about How lawyers and car insurers get away with highway robbery: Cohn
ALDRICH POLICARPIO As we move up in life, we experience different milestones. Markers that tell us that we’re moving in the right direction and making the right decisions. One of those is finally owning your own car. You’ve arrived at this moment making the appropriate decisions, which is why you’re at the point where you’re contemplating to buy a car. While we don’t always make the right choices, we can always minimize the margin for error by taking a step back to review our options. Before you go ahead and purchase your first car, here are a few things you should ask yourself: The spending does not really stop at the actual purchase of the car. Other than the cost of the car itself, there are many other things that you’ll be spending on such as gas, emergency repairs, accessories, routine maintenance, carwash, registration, and insurance. Planning for these other car-related expenses are essential especially if you want your car to be properly … [Read more...] about Are you actually ready to own a car?
By Colin Perkel The Canadian Press Sun., March 11, 2018 Workers at auto body shops deliberately damaged cars, installed used parts but billed for new ones, or invoiced for phantom repairs, according to an investigation by a Canadian insurer that is calling on government to help in curbing the problem. Aviva Canada found about half the total expenses submitted for repairs to crashed vehicles during its investigation in Ontario were bogus — an amount the company estimates adds up to hundreds of millions of dollars a year. “Nobody has ever really sampled the extent of fraud with any kind of accuracy,” Gordon Rasbach, Aviva Canada’s vice president of fraud management, said in an interview. “This is the first time in Canada that we’re aware of that anyone has actually taken a sample, albeit a small one, at random, and used actual cases in progress to put some kind of numbers on it.” In its investigation — results are to be … [Read more...] about Fraud at Ontario auto body shops is ‘pervasive’, insurance company finds