🛡️ Insurance Basics
Insurance provides money after this type of event, along with illness or an accident.
A disaster
Under this type of auto insurance, your insurer pays specified damages regardless of who caused the accident.
No-fault insurance
The amount owed for credit used plus additional charges is called this.
Debt
Urgent fake messages that impersonate trusted organizations to steal personal information use this scam.
Phishing
To avoid interest charges, pay a credit-card or retail-credit bill in this manner.
Immediately and in full
This is the amount a policyholder pays out of pocket before insurance begins covering the rest.
A deductible
This coverage pays when the owner’s car injures or kills another person.
Bodily injury liability
Equifax, Experian, and TransUnion are the three major organizations that maintain these records.
Credit bureaus
This theft uses a hidden device at an ATM, gas station, or store to read and clone card information.
Skimming
Loan cost is influenced by the amount borrowed, the interest rate, and this third factor.
The repayment period
This coverage pays expenses for damage or injuries the policyholder causes to other people.
Liability coverage
This coverage pays for damage the owner’s car causes to another person’s car, pole, or building.
Property damage liability
This number represents how credit bureaus rate the strength of a person’s credit.
Credit score
No company can legally remove this kind of information from a credit report.
Accurate information
Maintaining checking and savings accounts can show lenders that you have this ability.
The ability to manage money
This property insurance protects a tenant’s personal possessions against theft, loss, and damage.
Renter’s insurance
This coverage can pay for bodily injury caused by a hit-and-run driver or a driver without insurance.
Uninsured motorist insurance
A store card that can be used only at that store or chain is this type of credit.
Retail credit
This quick-cash product can create a debt spiral through fees, interest, and repeated borrowing.
A payday loan
If you cannot pay a bill on time, the packet recommends doing this instead of ignoring it.
Contact the company
This less-expensive form of life insurance provides death benefits only.
Term life insurance
Theft, vandalism, hail, fire, and falling objects are covered by this type of auto insurance.
Comprehensive physical damage insurance
This card is backed by a bank deposit and may help someone establish a credit history.
A secured credit card
This installment program can ultimately cost far more than the item’s retail value.
Rent-to-own
Checking at least this many yes answers on the packet’s debt questionnaire suggests possible compulsive debt.
Four