article thumbnail

Americans Are Dropping Their Home Insurance

Collection Industry News

Homeowners are increasingly forgoing home insurance, gambling that the likelihood of a disaster isn’t high enough to justify the cost of a policy. Some skipping insurance say they are doing so because they can no longer afford the rising premiums. What Does Home Insurance Cover?

article thumbnail

The Pros & Cons of Rent-to-Own Home Deals

Credit Corp

Depending on your situation, you may need to save up a large down payment, prove your creditworthiness and then find a home a lender agrees is in your price range. If that sounds like a lot of work, you might be considering a rent-to-own home. Some portion of that rent is credited to the purchase of the home.

article thumbnail

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On August 30, the Consumer Financial Protection Bureau (CFPB) issued a Consumer Advisory notifying consumers about actions they should take when their home insurance policy is cancelled or if the cost of the policy becomes unaffordable. For more information, click here. For more information, click here. million to settle the charges.