4 Ways to Deal With Medical Debt

xhyjMedical debt can be crushing: 43 million Americans have overdue medical debt on their credit reports. If you have health insurance, the deductibles can be high: For families with a bronze health plan, the average deductible is $10,545. Given that 62 percent of Americans do not have enough money saved to handle a $500 emergency, medical debt can quickly become a big problem. The problem is even worse for the 12.9 percent of people who do not have health insurance. If you enter an emergency room without insurance, you are going to be charged obscenely high rates. It is not uncommon for people to leave the hospital with $100,000 or more in medical bills. If you find yourself in a medical emergency, here are four things to consider to help manage the situation.

1. Try to Reduce the Bill When It First Arrives

If a big hospital bill arrives that you cannot afford, you should immediately try to negotiate the rate down. Nonprofit hospitals are required to offer financial assistance programs. But even for-profit hospitals are often willing to agree to a payment plan. But you need to talk to the

Should I Pay for Identity Theft Protection Credit Monitoring

klyThis week’s question is about credit monitoring and ID theft prevention, something many Americans pay for monthly. Even if you don’t use one of these services, you’ve almost certainly seen the ads. Here’s the query:

“My question is: I now pay $9.95 each month to Tru-Credit, which purchases access to my credit report and credit score any time I want. In addition, I receive an email weekly, outlining any “activity” (or lack thereof) in my credit account. “Fraud Alert” is included in the $9.95 cost. I would appreciate your opinion on this service and it’s cost. Thanks for the very helpful, down to earth, Money Talk News!!! Jim”

Thanks for the kind words, Jim! And for the great question. Here’s your answer.

Converting Fear Into Fees

They say sex sells, and I’m sure they’re right. But I doubt it outsells fear. From burglar alarms to bomb shelters, Americans shell out billions annually to protect against all manner of evil: some real, much greatly exaggerated. But wherever fear can be churned up, you can bet there’s someone not far behind making a buck. Such is the case with credit monitoring.

Credit monitoring is a

Smart money advice for couples who cant manage their money

dsgoWhat do you do when you and your spouse can’t agree on how to spend your money? The best answer, of course, is that you talk about it until you do agree. But is that what you really do?

As Bethany Palmer, who, with husband Scott, wrote First Comes Love, Then Comes Money: A Couple’s Guide to Financial Communication, recently told me, “Money touches each and every part of our lives — where we go to school, what we eat, where we work, how we live. You have to make sure you’re talking about money.”

But that doesn’t mean communicating is easy, and after writing a few WalletPop posts about managing money with your spouse, I thought it might be a good idea to find an expert or two who could offer advice to spouses who can’t quite get on the same page when it comes to their finances. Here are some of their top tips:

Talk about your finances regularly. At least once a month, says Scott Palmer, you should sit down and go over the finances with each other. Thanks to the ease of parting with our money — ATM

Consult A Bankruptcy Attorney For The Best Legal Help

What a superb quote to explain the vitality of an attorney! It is true that lawyers are not liked too much, but they are the only ones who take us out of complex legal matters. There are times when you find yourself in the middle of a legal issue that seems quite complicated. No matter how much you try, what efforts you make, which law books you read, the kind of assistance you get from a lawyer is incomparable. So, do not forget to rely upon an attorney the next time you get into a legal trouble.


How to stop repossession of vehicle? Is this question haunting you day and night? If that is the case, there is no need to worry as you are already aware of the absolute solution. Do not think twice before consulting a renowned attorney near your place. Consulting a legal expert can help you by preventing the vehicle repossession, reducing the payment, and eliminating loan deficiency debt in case you can no longer afford the vehicle payments. Just look online for a leading law firm and consult an experienced and qualified attorney to know all about

How Budgeting Can Save Your Marriage

It seems that everywhere we turn, people are getting married. However, the flip side is that there seems to be one divorce for every new set of nuptials. It is an unfortunate statistic that almost half of all marriages end in divorce within the first seven years of wedded bliss (or lack thereof). There is much speculation about the leading cause of divorce, including infidelity, the lack of compatibility and frequent fighting about conflicting parenting styles after having children – however, these common causes are not the first and foremost reason. Did you know that the number one reason people get divorced (in America at least) is due to financial issues?

More specifically, the problem lies in accrued debt that cannot be properly managed, that mounts and causes one or both spouses to buckle under the pressure of debt collectors calling at all hours, and sometimes, not being able to make ends meet. Throw in one of the spouses racking up loan or credit card debt behind the other’s back, and you have a recipe that leads straight for the divorce courts.


So how can newlyweds keep their marriages alive for better or

Independent Broker Dealer Firms

Our initial conversation will have one goal: to learn about your practice, your clients, and your requirements in a new broker dealer. We will start with our list of over 70 quality broker dealers. We will then create a short list of broker dealers to recommend for your consideration. Based on your initial feedback, we will then have initial, confidential conversations with these firms to see if there may be a good fit. Then next step is to arrange phone conversations with these broker dealers. We then narrow the list down to a hand full of firms and set up face to face meetings either at the home office or near the candidate’s location, whatever is most convenient for the candidate. With the firms that are of most interest, we will work with the firms to get competitive offers together and present them to the candidate.

Once the decision is made on which firm to go with, we get you engaged with that firm’s transition team, to ensure a smooth transition. Our goal is to make this transition as painless as possible. In some cases, the broker dealer will place people in your office to assist you

Four Ways to Manage Credit for Businesses

Companies in order to expand their business, at times, sell their products and services on credit to their clients. With transactions made on credit, there is a potential risk of non-payments and delays in payments from the client side. In such situations, it becomes difficult for the companies to run their business continuously as they need continuous finansiering and cash flow for working capital. In worst cases companies have even registered bankruptcies because of lack of working capital to continue their work.


There are many ways in which companies can manage their credits systematically. Credit insurance and management companies offer a variety of solutions that help in finansiering the companies with receivables and sustain their businesses. Following are some of the ways:

  1. Credit Insurance: Credit insurance is very important for businesses. The insurance companies provide cover against the unpaid invoices of the businesses. The cover obtained works as working capital and covers for the account receivables. This helps companies to keep running their business. The companies can also plan to expand their business further without having to fear about the losses and debt risks. Credit

Advantages of Using an Online Payment Service

Advantages of Using an Online Payment Service

When your business has a website through which you sell your products or services, you stand to lose a considerable percentage of business when you do not accept payments online. Shoppers have become used to buying and paying for purchases online as well as receiving them immediately. They are more confident with their online purchases due to the security features available nowadays like fraud protection and card number encryption.

Instant Gratification

The primary motivation of customers to shop online is the instant gratification they get. With an online payment scheme, they are able to instantly pay for products they like and feel confident that they will receive their orders right away. When they mail their payment, they have to wait for the shop to receive it and for the money to clear, resulting to a longer waiting period. Due to such delays, they are likely to look for merchants that accept payments online.

Merchant Protection

Whenever customers pay for their purchased products online, their payment method is allowed then the money is instantly deposited in the business account. This removes financial risks on the part of