Collateral is used as a type of insurance when you take out a loan – if something happens and you can’t repay your loan, the bank or lender still has the collateral, so they can get something back. One common … Continue Reading

When most people get insurance, it’s considered a very mature and adult thing to do. Thinking about what kind of car insurance you should get or whether or not you need homeowners insurance are important financial decisions. But, just as … Continue Reading