car ins

Debunking auto insurance myths

Just as there are many differences between a Toyota and a Lexus, there are many differences between auto insurance policies, although you have to look more closely to spot them. However, choosing a low-cost auto insurance policy may end up costing you thousands of dollars. The familiar pitch, "save hundreds of dollars in 15 minutes," obscures complex coverage issues that may have you paying much more in the end.

Your Liability Exposure

Many auto insurance policies have low liability limits which don't reflect an individual's true worth. In fact, in several states, the recommended limits are as low as $25,000. Because every auto insurance policy is different, it's best to read your policy carefully and make sure you're not part of the up to 50 percent of drivers who are under-insured.

auto repair shop

Reddy doesn't have magic pill

Zooming credit: The main problem is that the brakes havent worked so far. Banks have raised interest rates repeatedly and the RBI has been stamping hard on liquidity, but all these moves have had little impact on credit growth. RBI data on Saturday showed that as of March 16, 2007, credit growth was nosing 29%. Thats just a shade below the average credit growth of 30.38% for the last one year, according to Bloomberg Data.

More importantly, the number is 400 basis (4%) points above the RBIs stated comfort zone of 25% or less credit growth.

Banks and corporates continue to mop up money through floating rate notes and yen borrowings abroad. This is a double whammy for the RBI: the resultant forex inflows upend the RBIs efforts to slow down credit growth and infuses additional rupee liquidity, which feeds inflation.

florida home equity loan

Report: Wal-Mart moves to offer more financial services

Wal-Mart Stores Inc. has renegotiated the terms of leases with several banks that operate in its stores to give Wal-Mart the right to offer financial service products it does not currently sell, such as mortgages, home-equity lines of credit and consumer loans, according to a report.

The Wall Street Journal reported that at least one of the leases, obtained by Dow Jones Newswires, also gives the store the ability to offer debit cards and investment products.

.