Tuesday, September 5, 2017

Prevent Medical Bill Nightmares With This Simple Guide

bills for medicine
Medical bills are something that most Americans dread. They can reach into the hundreds of thousands, and there is often no choice as to whether to get the treatment or not, as it's vital for life. With over 50% of medical fee debt being related to prescription medications. That is drugs that a doctor has confirmed you need for a medical condition. This creates a big problem for many of us, even if we are insured. As unless we and those that we love have perfect health throughout their entire lives, we will be vulnerable to this issue at some point. So, if medical bills are keeping you up at night, read on to find some ways to minimize or avoid getting into a nightmare situation altogether.

The problem with medical bills 

One of the biggest nightmares that folks can experience with medical bills in the US is that the negatively affect their credit rating. This is because medical collections companies can be particularly strict about logging missed or late payments. As the amounts are so high with, so many people not being able to get anywhere near paying them off, the incidence of missed payments can be frequent.

Of course, this then affects the ability of the person whose account it is to get credit for other things in life such as loans, cars, and homes. Eventually in some cases leading to bankruptcy and further financial hardship.

Insurance

So what exactly can you do to avoid getting into this dire financial situation in the first place? Well, first of all, take out insurance. Yes, it's expensive, especially if you have a whole family to ensure, but when something does go wrong, as it is likely to, at least some of your medical bills will be covered. In fact, it usually works out that those that are insured are in debt to the tune of $10,000 less than those that aren't. Something that could definitely make the difference between being able to clear that debt and bankruptcy. 

If you are really struggling to pay personally for medical insurance, it may be useful to look for a job that includes this with the benefits package. In fact, some companies even offer coverage to their employee's families as well. Something that can make a big difference if the worst does ever happen.

Regular payments 

You can also help stay out of this nightmare medical bill situation by always paying the monthly amount on time. Yes, I know other things can get in the way, and may seem more pressing. Especially if you have already received the care and are fully recovered and feeling fine now.

However, as mentioned above nonpayment can get you into a whole heap of trouble, and damage your credit rating. So it's definitely worth setting up an automatic payment for just after you get paid each month. As then you can't even fall into this situation accidentally.

Disability applications

It may also be prudent to apply for social security disability if you continue to have medical issues that are stopping yours from working and causing you to struggle to pay your treatment bills. As the money that you get from this can help you stay on top of these bills, as well as your other financial issues like rent, groceries, and transport, even if you are unable to work.

To claim for social security disability, you must be over 18 years of age and have a serious condition that is expected to last over a year. You can apply online, although many folks become discouraged because they are worried they will be refused if they do make an application. Although to help you with this you can get some assistance from folks like the ones at LaPorte Law Firm, as they disability claim specialists. So they can help you file your claim, answer any question about the process, provide advice and give your application the best chance of it being accepted.

Medical tourism 

Something that is becoming more and more popular in recent years is US citizens going to other countries like Singapore, Brazil and Malaysia to get medical procedures done.

Known as medical tourism, this is something that many folks choose to do because it can be cheaper to travel abroad and get treatment. In particular, having a procedure like surgery abroad can cost significantly less than it would do in this country. That also includes the flights to and from your destination, and accommodation while you are there as well as the procedures, medications, and aftercare. 

Of course, there are some downsides to this too, in particular, the problem with communication that can become apparent when traveling to countries where English is not their first language. Something that can be pretty scary if your life is on the line.

However, the savings are so great for many that it makes this option something that cannot be ignored. As it becomes the only way to avoid the nightmare of medicals bill nightmares for the person involved. 

Get involved in the political issues 

Lastly, to help avoid the continuing issue of medical bill nightmares, it is important that you research the issue, and be proactive in using your voice to ask the government for change.

The real issue here is that while hospitals are allowed to set their own prices in a free market situation. So there will always be overcharging for essential medical treatments. This is problematic because it means that hospitals are profiting from people’s sickness. Something that doesn't happen in other countries in the world where their medical services are nationalized. 

Of course, the only way to change this is to make your voice heard and join in the appeal to Congress to change this system once and for all, for the better. To one where you don't have to face the choice between excruciating pain or death and bankruptcy. Where medical fees are standardized and affordable and not an additional burdensome nightmare that the sick have to shoulder along with their recovery.

Monday, September 4, 2017

Where To Invest Your Hard Earned Money

money earnings
Knowing where to invest your money is a tricky situation; there are hundreds of different markets that you can invest in, and they all come with their pros and cons. Some markets are safe and steady but take a while to get a good return, others are not not safe at all and are incredibly volatile, but you can make fast money off them if you’ve the keen edge for them, so where should you put your money? Read on to find out!

Gold

The gold trade has been around for hundreds, if not thousands of years. Gold has always been a source of wealth for humanity; not only because of its aesthetics, it is made valuable because of its rarity and its technological use as a good conductor, used in almost every device we have today! If you want to make money off buying gold, you have to buy a lot of it and then sit on it for a while; the gold market is stable as the price is only going up due to its increased rarity and need, so if you wait a year or two you’ll find yourself having made money on your gold for doing absolutely nothing with it!

Foreign Exchange

Often shortened to forex for the sake of ease, the foreign exchange market is a volatile one indeed. Whilst there are clear currency value divides, the way you make money of forex is by taking advantage of value gaps that open up between currencies of a similar value. When you have a load of one currency, if another one starts to go up you can trade in your current currency for an amount of the rising one; hopefully resulting in you making money as the value of the swapped currency has rose high! However this can happen in reverse too, and you can make predictions that are completely wrong so this one requires a lot of attention so be prepared to put the time in for it!

Property

Another safe market, but has a much higher immediate yield than gold and can be used to produce a sustainable income too. Buying properties and then renovating them adds a lot of value to them; the main limiting factor is how well the property was renovated! This leaves you with two options. If you’re after a fast cash injection then you’re going to want to sell it on, gaining back all the money that you spent on it and more. Or, if you want something more sustainable, you’re going to want to rent it out to get a consistent income for the rest of your life!

All of these options are great places to put your money, the only thing holding you back is how much effort you’re willing to put into the area that you’re going to be investing in! Sometimes, investing can leave you with debt to get your investment off the ground, and this can be hard to deal with, but if you read this then it won’t be so hard!

Sunday, September 3, 2017

Don't Be Left For Debt! Know Your Options!

debt stuck
Debt is a terrible thing, and the one thing we all struggle with when we find ourselves facing a mountain of debt is how to keep a cool head on the whole situation. It's all well and good for people to tell you that keeping your finances simple and straightforward is the best way to get out of debt, but so many of us have tried to conserve finances in the face of debt and ended up failing miserably. You could take a (metaphorical) guillotine to the vast majority of your outgoings, and still find yourself no better off. This can be incredibly demoralizing, but the thing is that when you are trapped in the whirlpool of debt, a lot of people don't know what their options are. So let's go through a few.

Speak To Your Creditors

This may be a very good way to get yourself out of a temporary bind. If you find that you are a month or two behind on payments, rather than facing more considerable debt, it's best to get in contact with your creditors to speak about the problem, and how you plan to get back up to speed. It may be that they will give you options, or you could suggest to them that you would like to pay a lower amount over a longer period of time, or you could ask the creditor to reduce the interest on the debt. It may not end up in a result that pleases you, but at least you will have asked! There are efficient ways like these to get over a short term problem and stop your creditors from taking any action against you.

Consumer Proposals

This is where you can negotiate a settlement with your creditors for a lower amount than your total debt. The options are that the settlement could be paid out in one lump sum or through monthly payments which can go up to a period of 60 months. This option is something that's worth thinking about before heading towards the bankruptcy option, and while consumer proposals offered under the bankruptcy and insolvency act (in Canada!) are dealt with by an insolvency trustee, this doesn't affect something like your mortgage. The other benefits of a consumer proposal are that it will stop your debt accumulating interest, and it stops all debt collection made by the creditors, as well as this, your home and assets will remain firmly in your control.

Debt Consolidation

A very popular option, this can be done through your bank, or you could refinance your mortgage to pay off the debts. This is a good way to pay off all your debts instantly, and then you will repay the bank with a monthly payment. The benefits of this is that you can discuss the interest rate as well as the loan amount. When it comes to refinancing your mortgage or taking out a second mortgage, which both lets you borrow against your home's equity, it's always best to speak to a mortgage advisor to help you get good interest rates. If you have equity in your home, this is a very good option as it's the most affordable way to borrow money.

Filing For Bankruptcy

Most people consider this to be the last resort. However, bankruptcy is actually a reasonable option as long as you don't own significant assets. So for example, if you rent a property, and have minimal outgoings or investments, this could be a better option for you to emerge out the other side relatively unscathed. With bankruptcy, you are in the hands of a licensed insolvency trustee who will wipe out the debt, and use any assets to pay the creditors. There are various options, and if you are looking to wipe the slate clean quickly, the best approach is to file for chapter 7 bankruptcy, as this is one of the shorter processes in comparison to other bankruptcy codes, such as chapter 11 or 13. In filing for bankruptcy, it stops any creditors chasing you for money as well as stopping any pending lawsuits in their tracks. It's important to remember that if you go down this route, it will remain on your file for at least seven years, depending on the bankruptcy route you pursue.

Paying off your debts needs to be a big priority in your life, but it's also important to know your options if you ever find yourself saddled with debt. By knowing your options when in debt, you will have a better view of the overall situation and how to deal with it.

Saturday, September 2, 2017

Freedom Financial Could Help You Stop the Calls from Collectors

debt collectors story
Tired of receiving call after call from debt collection agencies? You are not alone, in fact, almost one-third of all Americans have reported that collectors called them this past year. Sometimes the debt is legitimate, and sometimes it is not. Either way, there are steps you can take to deal with the calls. If the debt is yours, there are also measures that you can take to settle the debt for less than you owe, and clear it from your credit report. Freedom Financial offers this information to help you learn your rights and get your finances back under control.

Some of the Tricks Debt Collectors Like to Use

Debt collection is not a pleasant business, and collectors will use all sorts of tricks to get your attention. However, you can beat them at their own game if you know what to expect. Here are some of the more common tactics collectors like to use:

Contacting your friends or family members – They are allowed to reach out to friends or family if you do not answer their calls. However, they cannot share any details about your situation and they cannot continue calling them once they have located you.

Asking you for personal information – Once they have located you, collectors may try to get additional personal information from you such as your social security number or date of birth. By law, you do not have to share this information with them.

Having you acknowledge the debt is yours – This is a trick that is especially used by collection firms that purchase your old debt from another collector. After a certain number of years (as determined by the state you live in) collectors can no longer attempt to collect. However, they can sell the debt to another agency. If a collector from the new agency contacts you and you acknowledge the debt, it could reset the clock on it.

FreedomPlus, one of the companies in the Freedom Financial Network, offers personal loans that could help you eliminate the debt so that collectors have no reason to call you.

When collectors do call, it is vital that you know your rights and how to best handle these calls.

How to Handle Debt Collectors

The first step to dealing with debt collectors is to have a clear understanding of your rights. Collectors are well versed in these, but they also recognize that you may not know them.They will use all sorts of tricks like the ones mentioned earlier to gather more information, intimidate you, and possibly even get you to acknowledge the debt is yours.

However, you do not have to allow collectors to continue calling and harassing you. You have the right to ask for more details on any debt that you are contacted about. The Fair Debt Collection Practices Act is regulated by the Federal Trade Commission and its purpose is to protect you from unethical and illegal debt collection tactics. If you ask for more information about the debt, the collector must provide you with details within five days of calling you. Once you receive the details, if the information is inaccurate, you have 30 days to dispute it. You can also request that the collection agency stop calling you, and legally they must comply. However, if the debt is legitimate, they can still sue you to collect it. To avoid this, and eliminate the debt, consider the services of a debt resolution company such as Freedom Debt Relief, another company in the Freedom Financial Network.

Freedom Financial Could Help You Settle Your Debt

Freedom Financial offers a variety of solutions to help its customers resolve their debt. The company’s mission is to provide service, education, and financial tools that enable you to reduce your debt, create wealth, and achieve the financial freedom that you deserve. Whether you have a substantial amount of debt that you want to resolve, are interested in a consolidation loan, have a few collections you would like to settle, or just need some assistance making better financial decisions, they could help.

They are the largest, most successful debt solutions provider in the country. They’ve helped hundreds of thousands of people regain control of their finances by putting their debt behind them.Because they recognize that every person’s situation is unique, they provide a variety of solutions and exceptional customer service to ensure that the solution they offer to each customer is custom-tailored to that customer’s specific needs and goals.

So, if you are ready to take the first step towards financial freedom, contact one of their certified debt consultants today to get started.

Friday, September 1, 2017

What Benefits You Can Get from the Business Content Insurance

insure your business property
When you're maintaining your own one of a kind business, it's sheltered to state you adore what you're doing, and business contents insurance only is the uttermost thing from your brain. You're relishing not reporting to another person. You pride yourself on working for yourself. You relax in the freedom of doing what you need and when you need. All to enable your business to push ahead and ideally end up noticeably prosperous. Who needs this at any rate? 

In any case, shouldn't something be said about when things turn out badly? 

What if calamity strikes? Thump on wood, this won't occur. In spite of the fact that it's not worth tempting fate, laughing in the face of any potential risk, and keeping your fingers crossed, indiscriminately trusting that you'll come through unscathed. Nowadays, with the economy in shambles, you must have a reinforcement design - in the event of some unforeseen issue, correct?

You're inquiring as to why? 

Consistently, news networks report with alarming recurrence how a disaster, regardless of whether because of abnormal climatic wonders, or borne from the psyches of mankind, happens to tragic people the world over. You watch with a restless power as you hear the description of how much damage was done, and flinch at the footage of desolate souls compelled to deal with the result. At that point you begin considering, how you'd deal with that yourself? Would you be able to deal with it?

Having the correct sort of insurance will empower you to confront these uncommon episodes. So we'll be featuring the requirement for contents insurance for business.

What is business contents insurance?

This kind of coverage is what you wish you had willed should the equipment on the premises wind up noticeably damaged by flame or water. Imagine a scenario where a pipe burst, shorting out every one of your PCs and theater-sized screens. Imagine a scenario where the workplace microwave chooses to have a meltdown while nuking a bowl of soup for Greg from HR. This is the sort of insurance to have.

Wasn't this coverage as of now given by my consistent policy?

Business contents insurance is excluded with your typical business property policy. It's a discretionary policy you must expressly agree to accept. Connect with your insurance agent and begin nudging him or her about this discretionary yet frequently critical policy. 

What works together content insurance cover? 

Coverage, contingent upon which insurance agents you address, gives coverage to paper records, working supplies, machinery, furniture, equipment, and stock.

So it just covers what's inside the building?

Possibly, yet to be sure, check with your insurance agent. They could conceivably have the capacity to incorporate customer facing facade veneers, encompassing windows, and outside signage. Shop around and converse with different agents. Tell them what you require and approach what they can improve the situation you and your business.

Is it going to be costly?

Once more, as most different things in life, there are no obvious answers. For the most part, if your business gives an administration, similar to proficient cleaning, at that point you'll presumably appreciate lower premiums. In the event that your business is more towards retail deals, you'll need to persevere through substantially higher premiums. Nevertheless, recall that, you'll have genuine feelings of serenity. That in itself is invaluable. 

Working intimately with your insurance agent will make things less demanding while you're gaining business contents insurance. After you've gotten your policy, business contents insurance, and your agent, will go far towards give you mental solace when you require it most!

Wednesday, August 30, 2017

Money Advice Every Recent Graduate Needs To Cherish

budgeting habit
Your whole teenage life and the start of your adulthood is all focussed on one thing and one thing only; getting you to the best college possible so that you can graduate with the best degree possible. That is it. It’s why we go to school, pick the subjects we pick and have to take things like exams.

But what happens once this is done and dusted?

I mean, getting the degree to get you the job is only part of the battle, especially when you accept that it is not a salary that makes you rich but the way you spend your money instead. That’s right, personal finance is the key to success after college. Unfortunately, though, most graduates are not too clued up on that area of life. 

With that in mind, we have compiled a list of tips, tricks and pieces of financial advice that absolutely every recent graduate should read and adhere to because, well, these personal finance tips will set you in good stead for the remainder of your adult life. Trust us on that. 

Reading Works Wonders

You’re in the real-world now, and that means money is king. It also means you need to be proactive and squat up on some money basics by reading books about them. Now this may sound boring, but this could be the very reason your finances stay in order and you don’t feel the need to bury your head all the time. What’s more, given you are a young adult, it makes total sense to read books aimed at young adults. Our favorite in this category has to be Get A Financial Life: Personal Finance In Your 20s And 30s. It is a best-seller for a reason. It is also written by one of the most celebrated finance commentators out there so, yeah, it’s pretty good.

Budget Becomes Habit

We don’t expect you to jump into this the second after you graduate. But once you have moved to New York or Chicago and landed your first job making coffee’s for people who can afford nicer suits than yours, and you’ve been doing this for a couple of months, then you need to get into the habit of this. That is because you will have been working long enough to know exactly what your salary is, how much you take home after taxes, what you spend on rent and living and all that sort of stuff you need to know before you can start figuring out what you have left. We know as well as the rest of them that this process can churn your stomach, but it can also stop you digging an even deeper hole. So, once you are settled, work out your take home pay, what your monthly overheads are - rent, utility bills, loan repayments, grocery costs, travel expenditure, car insurance and even just refinancing your car loans etc. - and then work out what you have left for spending on luxuries and saving for a rainy day. The most fundamental rule of avoiding bankruptcy is this: never spend more than you make.

Reduce Debt Fast

You have just left college which means you are probably saddled with enough debt to concern Warren Buffett. It sucks, but it just part of our sucky system. The important thing to wrap your head around, though, is that this debt of yours is not just some monthly bill you need to repay. Oh no, this debt of yours is your arch-enemy and needs to be defeated now before it grows too strong. That is how you need to look at it. It is just a matter of how that you really need to concern yourself with. To start off, we recommend that you read The Ultimate Guide to Eliminating Your Law School Debt, which gives it to you straight, in Layman’s terms and with all the answers you need. But, to summarise what you need to do, we recommend you find ways to save money in everything you do and pinch the pennies everywhere you can because the sooner you are able to pay off your debt the freer you will be. So, if you can avoid eating out or cap your fear of missing out in order to add $35 to your monthly repayments then do so. Not only will this rid you of your archenemy sooner, it will also save you a ton of money in interest. 

Debt Is The Worst

There is no other way to put it. All those dreams your young heart and spirited head may be chasing will be put the guillotine if you caught in debt, which is why you need to do all you can to avoid getting into debt. Getting a mortgage can be halted by debts. Starting your own business can be a dream easily crushed by debts. Even being able to take that job you would absolutely love to do can be halted by debt because it doesn’t pay enough to cover your monthly repayments. What’s more, you could find that your debts - and thus your poor credit rating - stops you from getting a job altogether because more and more employers are checking the history of their candidates. Debt is the worst and that is why you need to avoid slipping down this route at all costs. If you can’t be sure that you can pay off your credit card then don’t get a credit card.

Emergency Fund Needed

You may not have needed to have any kind of emergency fund before now because the worst thing that could have happened to you at college is a) your iPhone screen cracked, b) your leftover pizza got eaten by a drunken housemate or c) your shoes finally died. However, in the real world, where you have a job and a place to live and a car to run and all of that adult stuff, the need for an emergency fund becomes quite a bit more severe. As such, you should start off by saving $1000 to cover things like a broken fridge. The endgame, however, should be three to four months worth of living expenses being tucked away because you have no idea what could happen. You could get made redundant; you could get injured; you could find your car blows up. These things happen, and that is why an emergency fund is needed.