Absolutely! In most cases, a lapsed insurance policy can be reinstated. Here’s what you need to know: What is Reinstatement? Reinstatement is the process of restoring a lapsed insurance policy to active status. This usually happens because of missed premium payments. Factors Affecting Reinstatement: Type of Insurance: Car insurance, life insurance, health insurance, etc., all have […]
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Are Student Loans Based On Parents Credit Score?
In most cases, student loans are not directly based on your parents’ credit score. There are two main types of student loans to consider: Government-backed student loans: These loans, offered through programs like Pag-IBIG and GSIS, typically have minimal credit score requirements or none at all. They may focus on factors like academic merit or […]
Can I Borrow Money With a 500 Credit Score?
Yes, borrowing money with a 500 credit score is possible, but it comes with some challenges: Limited Options: Traditional banks and lenders often consider a 500 credit score as subprime, restricting your access to their loan products or offering them with less favorable terms. Higher Interest Rates: Lenders willing to take on the perceived risk of a […]
