Newsletter - How to protect yourself against car insurance scams

This is your Newsletter. [LPB]( [LPL]( [LetmePayday Newsletter]( You Might Like     [Learn more about Jeeng](  [How to protect yourself against car insurance scams]( [How to protect yourself against car insurance scams]( To avoid falling for car insurance scams, make sure to do your research. Verify your agent’s name and credentials, ask them tons of questions, and don’t trust just anyone. Scams have become part of everyday life. You can’t pump gas or answer the phone without worrying about someone trying to defraud you. Even when you’re shopping for the more boring products – like car insurance –  you’re bound to run into a few scams. These fraud cases cost the auto insurance industry billions of dollars every year in insurance claims. In turn, insurers stick policyholders with higher insurance premiums to make up for their losses. While you can’t change the way things are, you can proactively learn how to protect yourself against car insurance fraud and prevent it from happening. What is auto insurance fraud? Auto insurance fraud is defined as deception against an insurance company for financial gain. There are two main kinds of auto insurance fraud: soft insurance fraud and hard insurance fraud. [[icon] Read MoreÂ](  [Get your Loan](   [What Is a CD-Secured Loan?](  [What Is a CD-Secured Loan?]( A CD-secured loan is a loan that requires you to use a certificate of deposit (CD) as collateral. If you take one out and default on your payments, you risk losing that CD. Let’s dig deeper into how CD-secured loans work, their pros and cons, and alternative options you may want to consider. What Is a CD-Secured Loan? Consumers typically use CDs to save money for short- and long-term goals. However, some banks and credit unions allow CD holders to borrow money against a CD through a CD-secured loan. Essentially, a CD-secured loan is a type of personal loan that requires you to put up a CD as collateral.   Alternate name: CD Loan Your loan will come with fixed payments that will be based on the loan amount, interest rate, and term. How a CD-Secured Loan Works If you own a CD and your financial institution offers CD-secured loans, you can borrow against the funds you’ve already saved. You’ll be able to do so without being on the hook for early withdrawal penalties. A CD-secured loan can help you build credit, consolidate debt, cover a home improvement project, or pay for other expenses. [[icon] Read MoreÂ](  You Might Like     [Learn more about Jeeng]( Connect with LetmePayday on Social Media Pages [Facebook]( [Linkedin](    [Unsubscribe](