by pay@crispino.us | Jun 19, 2025 | Terminologies
When most people think of a credit score, their mind goes straight to loans, credit cards, or mortgages. But behind the scenes, this three-digit number is also quietly shaping the cost and accessibility of something just as important: life insurance. While it’s not...
by pay@crispino.us | Jun 18, 2025 | Terminologies
In lending and investment, the term principal typically refers to the original sum of money borrowed or invested—excluding interest or gains. In life insurance, the word takes on a more nuanced meaning. While you won’t see “principal” listed on your...
by pay@crispino.us | Jun 16, 2025 | Terminologies
In financial emergencies, many people turn to a cash advance — a quick-fix option that offers immediate funds but comes with high interest and risk. While this might make sense in a pinch, applying the same short-term mindset to life insurance can be financially...
by pay@crispino.us | Jun 15, 2025 | Terminologies
Peer-to-peer lending (P2P) disrupted the traditional banking model by allowing individuals to lend and borrow directly through digital platforms. But the ripple effect of this innovation reaches beyond loans — it’s reshaping how consumers think about risk,...
by pay@crispino.us | Jun 12, 2025 | Terminologies
In the lending world, collateral refers to a valuable asset pledged to secure a loan — a safety net for the lender in case the borrower defaults. From homes and vehicles to investment accounts and inventory, collateral reduces lender risk and increases borrower...
by pay@crispino.us | Jun 11, 2025 | Terminologies
In the lending world, a cosigner provides added assurance to a creditor by taking legal responsibility if the primary borrower defaults. It’s a common requirement for loans where the borrower has limited credit history or unstable income. But what about...
