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Is my insurance agent fibbing?

March 21st, 2009 at 08:59 am

So when I recieved my new auto insurance policy I read it front to back, yes literally front to back! I noticed that I could at my request have them review my credit report as to se if my payments could be lowered. I thought great, i just removed 16 accounts from my Transunion report which weren't mine and maybe I could reduce my monthly payments.

So today when I went to my agent to pay and inquired about it, she said that they normally don't that but once a year, but If I wanted I should wait at least 6 months. The last policy i had was about $65.00 a month, but now I'am paying $90.63 a month and have a clean driving record showing on my DMV report.

I think on monday I will try to call the insurance company directly and see what they say.

Save or Payoff Debt ?

March 15th, 2009 at 03:39 pm

Emergency Fund

I've been contemplating on rather I should save only a $1,000.00 as a small way to begin an emergency fund. By doing that I could foucus then on paying down debt.

On the other hand by taking Suze Orman's advice by saving 8 months for an emergency fund, I could pay down down debt without having to worry about hitting a snag. And trust me I always hit snags. I guess once I get more of a grab on my finances, I'll be able to get a better picture.