Cars and Loans

liability (40–50% of premium)

• Bodily injury coverage
• Property-damage coverage (e.g., to another person’s car)

collision (up to 30% of premium)

• Pays for the physical damage to your car as a result of an accident
• Limited by deductible

comprehensive (about 12% of premium)

• Pays for damage caused by vandalism, hailstorms, floods, theft, etc.

medical

• Covers medical payments for driver and passengers injured in accident 

uninsured motorist

• Reimburses you for bodily injury in accidents caused by uninsured drivers

towing and labor

rental reimbursement

• Pays a specific amount per day to rent a car while yours is being fixed

Credit Cards

If you think the reasons for the denial are valid:

• Ask the creditor if you can provide additional information or arrange alternate credit terms. 
• Apply to another creditor whose standards may be different. 
• Do the things you need to do to improve your creditworthiness (pay bills on time, increase income, reduce spending, obtain a secured card, etc.) and then reapply.

If you are not sure whether the reason for the denial is valid:

• Ask the creditor to explain why you were denied. 
• Review your credit history. 
• If you find your credit history contains errors, take steps to correct the errors.

If you believe the reason for the denial is invalid and that the creditor has discriminated against you:

• Notify the federal enforcement agency whose name you were given by the creditor. The federal enforcement agency will investigate and report back to you.
• If you can afford it, hire an attorney to file suit against the creditor. If the court determines the creditor did discriminate, the creditor will be required to pay you actual damages plus punitive damages.