Car Loan Usaa
Car Loan Usaa
can i take out 2 loans from USAA at a time?
im getting married. and i was wondering if i could take out a loan for the wedding as a personal loan and then take out another loan for a car before the first ones paid off.. not in that order though i want to get the car first.
Any time you apply for a loan, you must list all outstanding loans already in process. One way or another, the lender will know the extent of your repayment obligations as this is critical information by which to determine your loan eligibility. The important thing is to be upfront with the agent as I know you will be. Marriage calls for many major changes as it is, adding financial pressure seems a bit unwieldy to me. However, you may have thought this out very carefully and believe you can handle the burdens handily.
Either way, I congratulate you and wish you the best.
Len
Know Your Car Insurance Companies
You may wonder why should you know your car insurance companies. One very good reason is that in the event of an accident you would be less likely to accept a false proof of insurance. How’s that possible?
A few months ago my car was hit while I was sitting at a stop sign waiting to turn left. The other driver coming from my right cut the corner before realizing there was a car there. Needless to say it was a head-on collision, but thankfully she was slowing to turn.When the time came to exchange insurance information, she handed me a letter on official letterhead that gave a policy number for auto insurance. The letterhead said “DriveTime”. I’d heard about DriveTime as being a place where one could easily get an auto loan. I never questioned the validity of the “proof” of insurance I was given.
I found out later, when I tried to file a claim for repairs with the other insurance company, that DriveTime insurance ONLY covers their car. It is a comprehensive coverage that protects DriveTime against any loss. However, it is up to the car buyer to obtain liability coverage from another source.
So before you get stuck with a “proof of insurance” that is no proof at all, glance at the list below just to get an idea of those real full-coverage auto insurance companies. These are American insurance companies with a strong regional and national presence.
* American National Insurance Company
* American Automobile Association
* AIG
* Allstate
* American Family Insurance
* American Farmers and Ranchers Mutual
* Amica
* Auto-Owners Insurance
* California Casualty Insurance
* CapitalOne
* Commerce Insurance Group
* COUNTRY Insurance & Financial Services
* Cuna Mutual Group
* Electric Insurance Company
* Esurance
* Expatriate Insurance
* Farm Bureau Insurance
* Farmers Insurance
* Frankenmuth Mutual Insurance Company
* GAINSCO Auto Insurance
* GMAC Insurance
* Geico
* The General
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* GuideOne
* Hanover Insurance
* The Hartford
* Hastings Mutual Insurance Company
* Haulers Insurance Company
* Infinity Auto Insurance Company
* Liberty Mutual
* Nationwide Insurance
* National Interstate
* Metropolitan Life Insurance Company
* Mutual of Enumclaw
* OneBeacon Insurance Group
* Pekin Insurance
* Pemco
* Progressive
* Safeco
* Safeway Insurance Group
* Standard Insurance Company
* State Auto Insurance Companies
* Shelter Insurance Companies
* Solid Insurance Group
* State Farm Mutual Automobile Insurance Company
* The St. Paul Travelers Companies, Inc.
* Trustgard Insurance
* Unitrin Direct Auto Insurance
* USAA
* Wawanesa
* Westfield Insurance
Of course, there are a lot more insurance companies that this, but this is a list of the most common. So if someone gives you a proof of insurance that doesn’t sound like a company name that you are familiar with, make sure you get all of the contact information, including their driver’s license number…just in case.
About the Author
C.L. Hendricks has been a Jill-of-all-trades and become an expert in some. She writes for http://www.invitingsmiles.com and http://www.car-accident-advice.com, as well as several other websites on a variety of topics.
