Archive for: September, 2010

What are the costs of opening up an insurance company?

Hi everyone. Say if I want to open up an insurance company, what kinds of cost should I be expecting? Costs include material ones such as the amount of capital required and the relevant operating costs, immaterial costs such as having to find out what kind of regulation to obey and to what extend is [...]

How long does take for a student loan creditor to report to credit bureaus a past due balance as finally paid?

Hi Experts! I am recovering from a hit to my credit report in the form of two consecutive non-payments on a small student loan. The loan bill was sent to my parents house who are retired and have been in Europe for the past 3 months so I don’t completely blame myself. However – I [...]

Can people with credit cards or loans interefere with your home if you dont own it and are paying it?

Question is for my father who wants to know if he can lose the house or get foreclosed on for owing money on credit cards, loans, etc if he doesn’t own the home and is still paying on it. Because we’re buying it, but we dont currently on it. He cares because its the house [...]

What is a good insurance policy for funeral andextra money for your family?

I know nothing about life insurance progams. What is a good insurance policy for funeral and extra money for your family? I’m 47, smoker but could quit, on disability?

Can a private mortgage insurance company ask for a payoff in a short sale?

Mortgages

We are trying to buy a property through a short sale. We accepted the bank’s counter, and the file was submitted to the seller’s PMI company. The negotiator came back and said that the insurance company verbally stated they want $5,000 cash. The seller can’t cover this, so the agent is asking that we pay [...]

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