Benefits of Short Term Loans
When you are considering a loan you will need to take in account the term of the loan, the amount you borrow and the interest rate charged.
Short-term loans will have larger monthly payments, but this also means that you will be paying less interest, as the term is…
Benefits of Short Term Loans
Obtaining a Practice Loan
As a dentist, you may feel that it is time to open your own practice, expand your practice or you want to buy new and innovative equipment. With this in mind you will need money to make your plans a reality, this is where you might consider a bank loan.
If you are a…
Small Business Loan Benefits for Women
Women do face a number of barriers in the work force, but they are able to overcome many of these. Here are the benefits of women taking a small business loan.
Cover Routine Operational Costs
Women typically struggle with higher operational costs. This can…
Questions You Should Be Asking About Your Bank
You want to feel happy with your bank and know that they are offering you the best. Here are some questions that you should be asking about your bank.
What Does My Balance Need to be in Order o Avoid Fees?
Have a look at what other…
The Risk of Bank Loans
There are plenty of benefits associated with bank loans, but there are risks for you and the lender. The lender will take the risk of lending you money but not getting repaid in full. Your risk is that your own personal financial health could suffer as you could lose money…
Top 5 Insurance Companies in the World
The fact is that life is a risk and at one time or another we may face one of these risks. These risks can include an accident, illness and natural disasters. Not only do these risks create suffering but also financial problems. Insurance helps us to be…
Top Reasons to Finance Your Home Remodeling or Repair Project
If there is an unexpected repair in your home or you are planning a remodeling project then you probably don’t have the cash in hand to cover these costs.
There are a number of ways that you can pay for your home p…
How to Deal With Past Due Accounts
As soon as you miss a payment your account is considered to be past due. The more that your account becomes past due then the more your lender or creditor will try to get you to catch up on it.
If your account is only a little past due then the collection efforts are not too intense. However, when your account becomes more past due then you will start to receive serious phone calls and letters. When your account is 90 days past due then your credit score will start to take a big hit.
If you have an account that is past due then there are ways for you to deal with it.
Pay The Whole Amount
You are able to get your account back on track quickly by paying the total amount that you owe in order to cover the past due balance in full.
The further you are behind your account then the more the minimum payment will be due to the interest incurred and other fees.
Paying in full will stop your account being charged off and sent to a collection agency.
You may find that you are not able to pay the past due balance in full. You should then contact your creditor and speak to them about spreading the amount over a few months. This allows you the time you need to catch up on the account. You are able to send in extra payments until your account has been caught up.
Negotiate a Pay for Delete
If you are able to pay off the past due balance then you could ask your creditor to re-age the account so that the delinquencies no longer appear. Some creditors will agree to do this especially if it is the first time you have fallen behind on payments.
Consolidate the Account
Your account doesn’t really get paid off when you consolidate it. Instead you shuffle debts around so that they are easier to pay.
When you consolidate the debt your account will become current and this avoids any charge off, but you will have a new debt to pay.
Settle the Account
If it is not possible for you to get back on track then you could consider working out a settlement plan with your creditor. This means that the creditor will accept a lower lump sum to satisfy the account. You will need to have enough money on hand to settle the account with the creditor.
If you need help with your debt, head to FinanceMan.
Budgeting for Medical Expenses
Medical expenses are usually unexpected and something that you may not have planned. Medical bills can be highly expensive and your insurance might not cover everything.
Some say that having a dedicated health savings account is the best way to save for medical…
What Are The Benefits Of A Bank Account
A bank account does not only help you to manage your money there are also a number of benefits with having a bank account.
If you have a checking account you can make payments a lot easier through the use of a check or…