Money Tips Network

A non-recourse loan is a great choice for borrowers who are looking to purchase a vehicle or other expensive purchase. This type of personal loan that is secured by collateral. Because lenders aren’t able to pursue a borrower for further payments after they seize the collateral, they’re often an attractive option for potential borrowers. However, since non-recourse loans are seen as a riskier investment for lenders, they often come with higher rates and fees.

If you’ve ever financed a car, you may know what a lienholder is. It’s the bank, credit union or car dealership that loaned you the money to buy the vehicle. This information is important because the lienholder, legally speaking, has ownership of your car until you pay off the loan.

Let’s take a closer look at what a lienholder is and how it impacts you and your ownership of your car.

What is a lien and who is the holder?

If you buy a car and pay for it out of pocket, you won’t incur a lien on the vehicle. Most people don’t buy cars like that, however. Instead, the buyer may pay a down payment and the rest of the cost is fronted by a business or organization such as the car dealership.

When you get into a car accident, your insurance company will reimburse you for the damages as quickly as possible. But if you didn’t cause the crash, they work with the other driver’s insurance company to recoup the payout. This process is called subrogation, and while drivers don’t usually get involved, it’s helpful to understand the process in case you ever have to sign a waiver of subrogation.

What is subrogation?

Subrogation is a legal process that is used in various types of insurance claims, including auto, home and health insurance. Essentially, it’s the legal right for an insurance company to reimburse a policyholder for a loss and seek repayment from the third party that is responsible for the damages.

If you have questions about your insurance policy, do you know where to look? The most relevant and important information can be found on your insurance declaration page. In this article, we’ll explain what an insurance declaration page is, what information it includes and how you can access your page.

What is an insurance declaration page?

An insurance declaration page is the first page of your insurance policy document and includes key information about your insurance policy. Every type of insurance policy you have—car, home, life, etc.—comes with a declaration page. On your declaration page, you’ll find the basic information that will help you file a claim, such as your coverage limits and deductible.

About a year ago, I shared an article about homemade condiment recipes. Rather than buying expensive mixed condiments, I like to save squeeze bottles and make my own condiment mixes, filling up squeeze bottles with interesting mixes and using them on sandwiches and as dipping sauces and, well, using them for all kinds of things.

In the recipe, I shared a few mixes I liked. Afterward, a number of readers shared their own recipes and a few asked for a follow-up article sharing lots of different recipes. Over the past year, I’ve made lots of different condiment mixes (mostly in very small batches, just to try them out) and found a bunch I really liked (and several I didn’t).

For many people, the two biggest sources of stress and emotional frustration in their lives is their financial situation and their job, and those two frustrations are usually deeply interconnected. I like to call it the “golden handcuffs” — if you’re in a tough financial spot, you are handcuffed to your job (or one that pays at least that much) no matter how difficult and stressful that job is, and your boss often knows how much you need that job and can exploit that, adding even more stress to your plate.

The catch is that many people respond to this stress by diving into comforts, luxuries and vices. They spend their paycheck in frivolous ways that help take their troubles away for a little while, but they come right back with a vengeance on Monday, the next Monda and the next. Many others struggle to have the means to even keep their bills paid, which means the stress never really goes away at all.

The coronavirus shutdown plunged the United States into a period of rapid unemployment growth. Many industries and commercial sectors ground to a complete halt and others slowed significantly. As we watch parts of our economy begin to reopen and recover, the question on the minds of many is how long it will take for the economy to recover from this.

Let’s dig into that question a little bit.

You have to define what you mean by “the economy.”

The first issue with answering this question is defining what exactly you mean by “the economy.”

Is the economy defined by stock prices? Do the ups and downs of the Dow Jones Industrial Average or the S&P 500 represent the economy?

Is the economy defined by the unemployment rate? Does the percentage of Americans who don’t have jobs but want them represent the economy?

Is the economy defined by how much consumers are spending? Does consumer confidence represent the economy?

If you’re in the market for a new car, you may hear about 0% APR car loans. With 0% APR auto loans, you won’t owe any interest on your loan amount. You’re basically able to take a car off the lot, with the agreement you’ll pay back whatever you didn’t pay in full at the time of purchase, interest-free. Certain carmakers offer these types of loans on selected new models. You might also find 0% APR financing options from dealerships trying to get rid of inventory or sell more of a certain model.

In terms of interest savings, 0% APR loans are considered some of the best car loans. But while they may have the lowest car loan rates, they can also limit your options compared to some of the other best auto loans you can get from car loan companies.

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Auto Loan Express

Summer is often a time for moving. Apartment leases often end during the summer months, causing people to move to new apartments or into a house. People who bought houses in the spring often take a summer vacation to move to their new home. The weather usually cooperates, too.

Unfortunately, the process of moving is often an expensive one. When Sarah and I moved to our house from our apartment a number of years ago, the experience was filled with lots of little and big expenses as well as a lot of stress to boot.

Here are some smart things we did during our move or have learned while helping friends and family move in recent years that reduced the financial expense and stress of moving. Some of these strategies may not work as well during COVID-19 or with your particular situation, so, as always, treat these options as a buffet. Choose the ones that work for your situation and lean into them.