An incredible 75% of drivers don't realise their credit score is linked to their car insurance premium, despite new data showing a clear correlation between the two. When asked what they thought affected their car insurance, the most common answers from drivers were no-claims bonus (71%) and age (70%), research from ClearScore has found. People are also aware they can be charged extra if they pay monthly, and have tried to cut down the number of miles they drive for a cheaper quote. But only one person in four thought their credit score could also impact the price they pay, and just one in 11 had tried to improve it to bring their costs down. ClearScore founder Justin Basini said: “A lot of us will cut down on the miles we drive or add another driver to a policy to reduce our car insurance premiums. "However, very few of us will take steps to improve our credit score, as most are unaware the elements within it can affect … [Read more...] about Three in four drivers missing key thing linked to high car insurance premiums
Insurance employees cooperative credit union
Claim Boris Johnson said the Conservatives would cut taxes for “working people” by raising the threshold for national insurance contributions to £12,000. Background Earnings above £8,632 a year are subject to national insurance contributions under the current system. These are paid by employers, employees and the self-employed. National insurance is separate from income tax. Paying it entitles individuals to some state benefits. The new policy, which slipped out when the prime minister visited workers in Teeside, would include raising the threshold to £9,500 next year, before it would then be gradually lifted over several years until it reached a target of £12,000. Asked whether the tax cuts would be for all, or just people like himself, he said: “I mean low tax for working people.” Reality The details of the policy remain vague, as the Conservatives have yet to publish a manifesto. According to the Resolution Foundation, raising the … [Read more...] about Will PM’s national insurance pledge help ‘working people’?
Is there such a thing as having too many credit cards? With so many cards offering enticing rewards and sign-up bonuses, you may be tempted to apply for one or two or more. But if you already have a few credit cards, you might be worried about overdoing it. There really isn’t a magic number of credit cards everyone should have. More credit cards could actually boost your credit score, which is important for getting loans, saving on insurance rates, and even getting a job. Having multiple cards can also be more risky. On the other hand, not having enough credit history can set you back. Here’s what you need to know. Advertisement The total number of credit cards you have doesn’t greatly affect your credit score When the credit bureaus calculate your credit score, the number of credit cards you have is actually only a minor part of the equation. As Investopedia explains [emphasis mine]: Your payment history makes up 35% of your FICO score, while your total … [Read more...] about How Many Credit Cards Should You Have?
Critics are pushing back after the Environmental Protection Agency (EPA) announced this week that it is rolling back the union protections offered to its employees.In an email sent to agency staff earlier this week and obtained by The Hill late Tuesday, the agency announced it will implement a new contract that remains unsigned by the union itself.“It’s styled as a collective bargaining agreement, but there’s no agreement. It’s imposed as an order, a dictate,” said Jeff Ruch, pacific director for Public Employees for Environmental Responsibility (PEER), adding that the contract would dramatically reduce the assistance the union can offer the EPA employees.ADVERTISEMENTUnder the contract, union employees would have to give up office space within the EPA offices and union leaders would not be able to use the intranet or agency billboards to communicate with members. It would also limit the amount of time union leaders could spend helping rank-and-file … [Read more...] about Critics slam EPA for rolling back union protections with latest contract
NEW DELHI: The government is considering a proposal to provide foreign exchange loan at cheaper interest rate to exporters and higher insurance coverage to the banks on their export-credit-disbursement, commerce and industry minister Piyush Goyal informed Parliament on Wednesday. “The proposal is presently under consideration,” he said in a written reply to a question in Lok Sabha on whether the government proposes to provide foreign exchange loan at cheaper rate of interest to the exporters. It is expected that it will enable banks to revise their lending rate for export credit and to provide foreign exchange loan at cheaper rate of interest, the minister added. US-China standoff Replying to a separate question, he said the current trade standoff between the US and China and the slowdown in international market is likely to have its impact on the imports and exports of countries, including India, and may bring about a shift in the bilateral trading patterns. … [Read more...] about Govt considering forex loan at cheaper rate to exporters, higher insurance cover to banks: Goyal