Credit History & Auto Insurance – How One Can Save You Big Bucks On The Other

Your credit history can influence your ability to get a loan or a credit card, but did you also know that it can play a large role in the cost of your car insurance? It can. In fact, poor credit can result in higher auto insurance rates regardless of your past driving history. When you apply for coverage from an auto insurance company, you will likely be required to sign a release giving the company permission to access your credit file. If you want the best auto insurance rate possible, it’s time to start cleaning up that credit report.

Your first step to cheap auto insurance is to check your credit report from each of the three major credit reporting agencies, including TransUnion, Equifax and Experian. Closely review all information contained in each report, including both payment history and contact information. If there are any inaccuracies, file a dispute with the reporting agency immediately and await correction. In most cases, this takes less than two weeks.

You may be wondering why your credit history would play such a crucial role in how much you pay for auto insurance rates. When you apply for this type of coverage, you are asking the auto insurance company to put their trust in both you and your driving ability. By applying for coverage, you are agreeing to pay a premium and, in the event of an accident, a deductible. Your past credit history will give the auto insurance company an idea as to how you will handle your car insurance payments.

It’s important to note that even with a few blemishes in your credit history, it is still possible to compare auto insurance rates and even find discount auto insurance if you know where to shop. Many auto insurance companies realize that past credit history is, well, in the past. If you have a less than perfect financial history, don’t hesitate to explain your situation to the auto insurance company and let them go to work to find you the best auto insurance rate available.

If you have a credit report that needs improving, you can begin to see positive results in as little as three months. Avoid carrying a credit card balance that exceeds 50% of your total available credit, always pay your bills on time and pay more than the minimum payment if/when possible. After several months of regular payments, your credit report and score will begin to improve. What does this mean for your auto insurance rates? As your credit score goes up, your auto insurance rates may go down. One of the best ways to find the best provider for your needs is through obtaining several auto insurance quotes, compare rates and choosing the best one that offers a customizable plan.

The information in this article is designed to be used for reference purposes only. It should not be used as, in place of or in conjunction with professional financial or insurance advice relating to auto insurance quotes, discount auto insurance or auto insurance rates. For additional information or to receive an auto insurance quote, contact a local auto insurance company.

Sell More Accessories – Jimmy Ralph’s Tips to Build a Successful Accessory Sales Plan

“For many wireless retailers, accessory sales are an afterthought – a category that provides some incremental sales and profitability, but one (whose) true potential remains untapped,” said Jimmy Ralph, in a Dealerscope article published last year.

The President of Retail Business Development, Inc., an independent wireless retail consulting firm, Ralph insists accessories are both needed and wanted. But in order to fulfill such customer needs and wants, he says, “You’ll need a plan.”

Before putting together a plan, a retailer must first take stock of what his/her store is currently doing, in terms of total accessory sales, sales per location, and gross profit from accessory sales. From this information, Ralph says, you build your accessory sales plan.

1. Accessory assortment

To determine which accessories you plan to sell, it’s obviously best to look at what handset models you carry and match accessories to them. “This process will identify why items are missing from your current assortment and which items overlap,” explains Ralph.

It is also important to organize accessories based on categories (i.e. utilitarian versus fashion accessories, car accessories, Bluetooth, etc.) and also carry a range of items that clearly vary based on features and price. “Look at it from the consumer’s point of view and build your assortment from there.”

2. Merchandising

From the assortment plan, the merchandising plan can be made. “Evaluate your store space. Do you have the proper display fixtures?” Ralph asks. He suggests talking to professional fixture companies about affordable “off-the-shelf” merchandising solutions and asking accessory suppliers about vendor displays that highlight particular items.

“Merchandise in categories, together with proper signage,” he says. Fashion items should be most visible. “Fashion purchases are emotional. If a customer sees something they like, they may buy it. If they can’t see it, the chances of them buying are slim. Your merchandising will act as a silent salesperson, complementing the efforts of your sales team.”

3. Pricing and promotions

Base pricing should be relative to your competition’s pricing and strategy, Ralph says. “You don’t need to have the lowest price,” he adds, however. “In fact, many retailers leave thousands of dollars in profitability on the table by pricing their accessories too low.”

Ralph suggests setting your base pricing then creating bundles or package deals. “This gives your customers a reason to buy multiple items, increasing your revenue and profitability; and just as importantly, it gives your sales team a value proposition and something to get excited about.”

4. Training

Product knowledge and sales techniques are paramount. “Your staff needs to know what you carry, where to find it, how it works and what it fits.” A big challenge is encouraging the sales team to take the extra step in asking customers to buy accessories, notes Ralph. “They often feel guilty asking… (or) prejudge and don’t think (customers) want them, or that customers don’t have the money.” The sales team must shed their insecurities and offer up accessories confidently, just as they do handsets. Ralph suggests pairing accessory sales training with a strong incentive program.

5. Sales incentives

“Motivate your team,” he says. “It’s the old ‘what’s in it for me?’ routine.” Ralph says that although most retailers offer salespeople incentives to push accessory sales, one way to “kick start” a sales drive is to offer short-term incentives that aren’t necessarily money.

“Create tiered sales goals by store and/or salesperson. For each tier, pay out prizes – make them progressively better as the tiers get higher. Lay out a big prize for outstanding performance – a trip to Las Vegas or a plasma TV.”

Ralph also suggests appealing to salespeople’s emotions by publishing weekly updates and rankings so everyone can size up the competition and create excitement. “The secret here is that for a reasonable investment you can create the sales behaviour that will continue even after the contest or promotion is over.”

6. Launch plans

“Start your (accessory sales) program with a bang,” says Ralph.

Launching everything at once – inventory, displays, new signs, training materials – catches everybody’s attention. “The bigger deal you make of your new accessory sales drive, the more effective it will be.”

7. Follow up

After launch, the excitement needs to stay high. “Set your goals, monitor them and communicate progress. Award the winners and coach those not yet on the program.”

Ralph boasts that a recent Retail Business Development project, a multi-store chain followed these simple steps and saw immediate improvement, doubling its accessory sales virtually “overnight.”

See what Jimmy Ralph’s accessory-selling secrets can do for your wireless retail business…

Source: “Hidden Treasure: The Secrets to building a successful accessory sales plan” – Dealerscope, April 1, 2006

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Use An Auto Title Loan To Recover From A Small Financial Crisis

Are you one of the millions living life with a financial crisis lurking overhead? Is your home mortgage in default or a pending divorce running your finances below ground? Did you have to spend your retirement early in order to make ends meet? Or do you have a smaller emergency which repeatedly troubles your budget yet never seems to go away? Everybody’s situation is different, but money trouble remains a leading cause of stress throughout the nation. Whether you have access to bank services, own your own vehicle for an auto title loan cash loan, or need to call a credit counseling agency; the sooner you work at a plan to recover, the faster your financial situation will change for the better.

For those people with good credit and high debt, banks and credit unions may have solutions. Consolidation loans are possible options to shrinking monthly payments and still take responsibility for the debt. Another option for those with good credit may also open up a new line of credit in order to consolidate credit card debt. This is a great avenue if you qualify as this debt will not be secured, but it doesn’t help if you need to incorporate a mortgage or car loan.

There are many folks who do not have the credit or income requirements to work with a bank, credit union or new creditors. If your debt is extremely large, you may want to contact a professional credit counseling service to look at possible options for debt settlement, consolidation options or as a last result, bankruptcy.

Not all debt problems carry large numbers. People struggle with smaller debt. A money crisis is just that whether you are looking at $500,000 or $5000. If smaller amounts are the struggle, it still may be difficult to get the financial help needed to address the problem, especially if the debtor carries poor credit scores.

Short-term loan options such as a payday loan, cash in advance, or an auto title loan will be able to help smaller money problems. One of the keys to success with these loans is when they are used before money issues snowball to larger numbers. A cash advance or payday loan offer a few hundred dollars and require that the loans to be paid off in about 2 weeks. It is quick relief with a fast payoff. An auto title loan is priced according to the blue book value of the vehicle. Depending on the make, year, mileage and condition of the vehicle; this loan could possibly be for a few thousand dollars. It is a jump up from the other short-term loan options and the payoff is set for 30 days away. You will have more time to work at repaying the loan in full to avoid interest charges.

Take some time and work out all your available options to clear up a financial crisis as soon as possible. The longer it goes unpaid, the more damaging the results will be towards your future finances. Take out an auto title loan for a fast money option, use any credit options possible and shrink monthly payments down as soon as you can in order to start recovering from the financial crisis.

Auto Insurance Quotes – Things to Know Prior to Requesting Free Online Car Insurance Quotes

It’s great that you’re utilizing the internet to get online insurance quotes on your auto insurance in California as most insurance companies these days will display their rates right online for you making it quick and easy to find the best fit for you. The internet is definitely the easiest, fastest, and best way to obtain competitive quotes on auto insurance. There are some things that you should know before you start shopping online for your car insurance quotes in CA.

1. Understand where you’re putting your information. Some online companies offering insurance quotes are only a lead generation service. They do not sell insurance; they collect your information and sell it to companies who can sell you insurance. On average, they will sell your information to about 5 companies who will contact you to offer their rates. Your rates will not be displayed online but having multiple companies quoting you does have its benefits

2. Do your best to enter correct information to get accurate rates. Companies will quote your auto insurance based on the information you provide but when issuing a policy they will then underwrite the policy and make necessary adjustments. The reason you want to try to be as accurate as possible is because insurance company “A” could have given you the best car insurance quote from the 3 companies you called but you forgot about a ticket you had last year. Now, with the ticket rated with all 3 companies, insurance company “A” could be the most expensive of the 3. Another reason is that some insurance companies will actually sell you a policy based on what you’ve stated and then pop you with a bill and additional premium once they have underwritten the policy. So know your main rating factors and be as accurate as possible to help you find the lowest auto insurance rates.

3. Know your coverage options and what coverages you need. When you’re shopping online auto insurance quotes there is no one to advise you on what coverage are or what is probably best for you. You get what you click on and you could end up under or over insuring yourself. If you’re unsure about the coverages and need advise, you can always call us whether you’re insured with us or not and we’ll be happy to answer any questions you may have. You can also read our main coverage options and explanation of coverages article.