Month: March 2018

Auto Insurance Advice That Is Proven Useful

Auto Insurance Advice That Is Proven Useful

How many times have you wished you could find cheaper auto insurance? The cost of insuring an auto is expensive to begin with, and if you have any blemishes or a DUI on your record, your rates will go sky high. There are several ways to save money on auto insurance, all it takes is a little footwork on your part. Local insurance agency
If you are driving into Canada or Mexico, many people don’t realize that your American car insurance won’t cover you in a foreign country. You will need to purchase auto insurance ahead of time online, or in the border town or city where you will be crossing over into either Canada or Mexico.
When insuring a teenage driver, lower your car insurance costs by asking about all the eligible discounts. Insurance companies generally have a discount for good students, teenage drivers with good driving records, and teenage drivers who have taken a defensive driving course. Discounts are also available if your teenager is only an occasional driver.
When considering insurance for a young driver, be sure to calculate the expected mileage per year. Many insurance providers will provide a discount for low mileage customers. Most likely, a high school age driver will qualify, even if they drive to school and work. Be sure to check with multiple agencies to compare rates.
In many states, all drivers are required to purchase adequate liability insurance. You have to know whether your state requires insurance, and what kind of insurance it requires. You also have the responsibility to adhere to your state laws. Not having insurance will have you facing many financial and legal consequences if you get into an accident.
Before you decide to purchase any auto insurance policy, one of the first things you should do is calculate your total mileage. Some people do not drive their vehicles that often, and they may be privy to certain discounts if they only use their automobiles for work use or other limited uses. Driving less means you are less of a risk.   insurance
Do not try to claim your car is worth more than it really is. It’s tempting to think that in case of an accident you might end up with a check larger enough to go out and buy that luxury car you’ve always wanted. It doesn’t work though because insurance companies only pay the fair market worth of your car, not what you claimed it was worth.
Do not forget to update your car insurance policy if you relocate. Even if you are only moving a few miles away, make the changes. You may not like what you see, though, because premiums are set by zip code. In one town it could be higher because the theft and collision rates are higher.
Many families have a long list of financial obligations to meet, and cannot spend a lot on auto insurance. With the tips above, you may find it’s easier than you thought to save money on your auto insurance. Cutting your rates could mean you need to make changes such as finding a new insurer, but saving money on auto insurance gives you more cash to treat yourself to a well-deserved reward.

How to get out of medical debts

How to get out of medical debts

Problem:

“I live in San Antonio Texas. I owe about ,000 in medical bills that I’m yet to pay off. I haven’t been able to make payments for about 6 months. So, they have now gone to collections and I get calls for payment everyday at least twice. I would like to pay them off but do not have enough funds. Is it possible to go for medical bill consolidation in order to pay off my debts? I have a credit score of 590. Would that be affected if I seek consolidation?” getting out of debt

Solution:
Medical bills can be a matter of serious concern since they may come up unexpectedly and disrupt your financial plan or the budget that you’ve prepared. Sometimes, your health insurance may not cover certain medical conditions for which you need to pay an amount out-of-pocket. If you have multiple medical bills, then you may consolidate them into a single monthly payment. However, before doing so, you must check out the factors favoring medical bill consolidation. Find more information here

Tips to follow in medical bill consolidation

Consolidation is a good idea when you have multiple medical bills to pay off. By consolidating your medical bills, you can lower your debt burden by making single monthly payments towards clearing your existing dues. However, you should assess your financial condition and also consider the following factors before you take recourse to consolidation.

1. Lower rate: If you want to take out a consolidation loan, then look for one that has a lower rate of interest over a good loan term. This will help you to repay your loan quickly and also you won’t have to carry the debt burden for long.

2. Analyze your finances: Make sure that you have enough funds to make your regular monthly payments. You must not default on your payments as otherwise your credit score may suffer more.

3. Improve your credit score: Unpaid medical bills can adversely affect your credit score when they’re sent to collections. In such a situation, consolidating to pay them off would be a good idea. If you already have low scores, it is not a good idea to keep unpaid medical bills.

You can negotiate with your medical service providers/collection agency on your own or take professional help if required. To take professional help, you may enroll yourself in a debt consolidation Phoenix program and pay off your medical bills in a systematic way.

Besides consolidation, you may also seek other debt relief options. Going for a credit counseling session is a good idea. If required, the counselor may enroll you in a debt management plan by following which you can pay off your dues and become debt free. bankruptcy lawyer

If you have a huge amount to pay back, then you may also try to settle your medical dues. Before you attempt negotiation with your medical service provider/collection agency, make sure you have enough funds to clear your dues. Save as much money as you would like to negotiate for and then approach the medical provider/collection agency. In most cases, the service providers or collection agencies don’t agree to a reduced payoff amount in the first go. However, you should maintain patience, explain your financial situation and try to convince them by saying that you’ve no other option left than to file a medical bankruptcy if they don’t agree to a reduced payoff amount.

Jason Holmes is a regular writer with Debt Consolidation Care and is also a contributory writer with other financial sites. His expertise is woven around various aspects of the debt industry and with his e-books he tries to impart to people the different situations and simple solutions to get out of difficult situations. Some of his works include e-books like ‘Credit Score The Quintessential Therapy for a Happy Pocket’, Take Creditors and Collection Agencies to Small Claims Court’ and, My Story- From Depression To a Smile’.