Comments for Dan Muhlenkamp's General Ramblings

Comment on Exciting Marketing Intern Wanted: Do You Want To Learn From the Best Digital Marketing Firm In The World? by Preferred Insurance Center via Facebook

Preferred Insurance Center via Facebook — Mon, 06 Dec 2010 12:14:04 +0000

Please apss this along to anyone who is interested.

Comment on How To Improve Your Credit Score by Save Money On Insurance – Pay In Full | Dan Muhlenkamp's Insurance Advice

Mon, 12 Jul 2010 22:44:53 +0000

[...] Lastly, paying your account in full means you don’t have to worry about missing a payment, or checks being lost in the mail etc. Not having late payments makes a big difference on your credit score, which also greatly effects your rates, but I’ve already covered that in Credit Scores and Insurance Cost and How to Improve Your Credit Score. [...]

Comment on How To Improve Your Credit Score by Dan Muhlenkamp

Dan Muhlenkamp — Sat, 19 Jun 2010 07:16:00 +0000

You are really on the right track Beth. You'll be amazed how this will pay off for you. And really, which is rougher, being on a strict budget, or knowing you have a big credit card balance?

Comment on How To Improve Your Credit Score by Beth Allen Borgerding Ortuño

Beth Allen Borgerding Ortuño — Fri, 18 Jun 2010 21:00:00 +0000

I think this is important information Dan and very good that you shared it. If I may add my two cents… The last few years my husband and I are on a crusade trying to pay off debt including the cars. Our goal is eventually to have an emergency fund in order never to have to fall back on the credit cards again. Also never to pay interest on a car note again. It's hundreds or thousands every year going to a bank instead of having it to buy something for the kids. It is really rough sometimes being on a strict budget and this is going to take years to fully achieve. But we have more peace of mind knowing we are at least trying to put ourselves in a position to be able to help our kids with college, without going into more debt (thousands going to a bank instead of having it to buy stuff for GRANDKIDS). And yes, we've been pleasantly surprised recently that we are now saving money on our car insurance due to our credit getting stronger.

Comment on How To Improve Your Credit Score by Anita Burgess Huber

Anita Burgess Huber — Fri, 18 Jun 2010 16:22:00 +0000

I am not a believer that your credit score should affect one's insurance rate. Some things just happen to affect your credit like astronomical medical bills/care which dont allow you to do all the things you want to do that are listed above.

Comment on How To Improve Your Credit Score by Dan Muhlenkamp

Dan Muhlenkamp — Fri, 18 Jun 2010 12:32:00 +0000

I know it is not a perfect system, and I know sometimes it doesn't work well in a particular instance. It is just the best system we have and it isn't going to change, so I want to help people understand it and deal with it.

Comment on Credit Scores and Insurance Cost by Kim Muhlenkamp

Kim Muhlenkamp — Thu, 17 Jun 2010 23:35:00 +0000

Dan- I agree. In HR, we run credit scores on upper management level new hires. A credit score is a good indicator of a person's self of responsibility. If they are responsible with their money, they will be responsible as an employee and vice versa. My experience has been that a credit score is a good indicator of how an employee will perform.In addition, those who scored a poor credit score often score poor on their BMV as well. The link appears to be a person's sense of responsibility.Sure, there are some instances where a person fell on legitimate bad luck and has a poor credit score because of this, but as a whole, most people have more power to control their credit score then they care to admit.