Insurance: Premiums & Benefits
Credit card insurance usually protects only the bank that issues the credit card, yet the card holder pays big money for it. Mortgage insurance offered by the bank has similar concepts. Here is a useful video in understanding how the credit card insurance works.
Credit Scores play a big role in getting approved for financing. Having a public record from a bill going to collection can hurt many people chances for financing when they’re looking for a mortgage. Unpaid hospital bills or cell phone bills are frequent culprits that clients aren’t even aware that they owe money and only find out at the time of applying for a mortgage.