By financen | November 15, 2017 - 5:25 pm - Posted in Finance

You may have never planned on getting sick or injured and no longer being able to work. However, when your illness or injury prevents you from holding down a job, you need to find a way to survive financially without putting your health and life at risk.

Rather than endure agonizing symptoms because of your physical limitations, you instead might be encouraged to apply for benefit payments from the government. When you want to pursue a benefits stipend, monthly government checks, or SSI Portland applicants like you may get the results you want with legal help by your side.

Shortening the Application and Petition Process

Judges assigned to SSI cases have the duty of protecting the money in this fund. They cannot approve payments to people who are not truly sick or injured. They have to ensure that the money is going to people who have legitimate health conditions that prevent them from working.

People who have received fatal diagnoses or have suffered injuries that leave them paralyzed or bed-bound often are approved for their benefits faster than other applicants who are ambulatory and cognizant. When you can still walk and talk, you may appear to the judge as someone who can do some sort of job and earn some type of income.

However, many people suffer from illnesses and injuries that cannot be seen from the outside. For example, people with heart valve failure may look outwardly healthy. However, they are prone to fainting if they stand or sit for too long.

Likewise, diabetics might appear normal but suffer from symptoms that prevent them from feeling or using their feet and legs. These individuals cannot work outside of the home because they fall or pass out if they are physically stressed.

A judge may not be eager to listen to these arguments if you were to represent yourself. You need a lawyer who can gather the medical evidence and assertively make your case for you in court.

You can secure that legal representation today by going online to the attorney’s website. The lawyer has experience representing people who want to apply for Social Security disability payments and be approved quickly.

The SSI application process can be lengthy and frustrating. You need a lawyer who specializes in this area of law to pursue the case to the desired goal. You can retain this help today online.

By financen | July 3, 2017 - 4:14 pm - Posted in Auto loans, Finance

Buying a new car should be an exciting time at any point in your life. There’s nothing like that new car smell to make you want to drive to work, hit the country road, or venture into the city for some fun and food. But when paying for a car is a struggle, it can be a time of great anxiety and worry. Even if you have bad credit or no credit, there are options for paying for a car that many popular dealerships are getting on board with: it’s important that everyone should be able to drive the car they want, or at the very least, drive a car they can afford. Here are some ways you can finance your next car, so you don’t have to worry about being able to afford the car you want.

Get a Cosigner

If affording a car seems out of your reach, or if you have poor credit, you can get a cosigner to take on some responsibility for the loan. Financing companies will often let people do this if they don’t have great credit or if they don’t make enough money on paper to be able to afford the car. Often, it is just a matter of having someone cosign for the loan you are getting. Many people can make their payments just fine, but in the event they cannot, an Ontario Bankruptcy Trustee can help determine if bankruptcy is the right choice for them. Keep in mind that any cosigner will be responsible for payments as well, so you’ll need to talk about that when you approach someone to cosign a car loan.

Make Smaller Payments Over a Longer Period of Time

Some finance companies will allow people to take out car loans for up to 8 or 9 years now. Before, car loans were capped at five years or less, but finance companies realize that many people cannot afford those higher monthly payments and need to have more manageable payments. A longer loan term allows more people to get access to a car loan, and it keeps the payments smaller. You can expect to pay a bit more interest in some cases, but if you watch the dealerships for deals, you can sometimes get 1% or 2% financing on a longer loan.

Buy a Used Car

If owning a new car is just beyond your reach, there are lots of options in the used car department. Used car loans typically have higher interest, which is why they are easier to obtain. There is typically a vast selection of pre-owned vehicles to choose from in most local areas. Many used cars are rarely used as so many people are trading in cars for reasons beyond the age or mileage on the car. For example, I have a friend who bought a V8 convertible car and within a year traded it in for something with less power. The car had so much power; it was too hard for her to drive.That car sat in her driveway because she couldn’t drive it, so someone got a good deal on a “used” convertible that week.

 

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By financen | June 3, 2017 - 4:48 pm - Posted in Business, Finance

Because medium term notes must be paid within several years, proper financial prep can make the process easier. In order to prepare for a medium term note, a few simple steps must be followed to reduce old debt.

Pay More Than the Required Amount for Bills

An average credit card has a balance that’s within the 15,000 range, and a typical consumer pays a 15 percent APR. If the minimum monthly payment is made for a bill that’s structured this way, the amount won’t be paid off quickly. The best way to get rid of a high credit card bill is by paying more than the minimum monthly payment requirement. This strategy is very beneficial because it speeds up the debt process and reduces interest costs. If another credit card is needed after the debt for old cards is paid off, always review the fine print. In order to avoid costly problems down the road, ensure that the terms for the credit card lack prepayment penalties.

Consider the Debt Snowball Strategy

The snowball method can be very helpful while paying more than the minimum amount to decrease debt. Begin by making a list that includes the lowest bills and the highest debt. Then, carefully calculate all of the excess funds; this money should be used to pay the lowest debt. For the larger loans, use a strategically portioned amount of excess funds to pay the minimum payment. When the lowest balance is successfully paid, use the extra cash to pay the next balance that has the lowest payment amount. Over time, this strategy will gradually get rid of the bills, and the leftover cash can be used to reduce debt for the largest loans.

Pursue Other Financial Opportunities

After snowball method are in progress, other steps must be taken to speed up the debt reduction process, and the best way to accomplish this is by pursuing practical financial opportunities. Although this strategy may seem challenging, there are easy ways to generate extra cash for bills. For example, during the summer, considering mowing grass for neighbors. When winter arrives, a lawn mowing service can be restructured according to the weather conditions. If snow impacts your community, many homeowners will need the ice removed from their landscape and driveway.

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By financen | April 3, 2017 - 1:28 pm - Posted in Student finance

Many people often complain about their student loan repayments or credit card payments. There are some people who do not have their own house because of their overwhelming debts. We need to spare a thought and see how college students are going in the wrong direction.

You cannot sit down and teach a young person how to manage his personal finance. This is something that he will have to learn on his own. Over the period of time, with experience, he will come to know how to use his credit, interest, debt, saving over the period of time.

A good number of college students do not understand the consequences of excessive use of credit cards. An average undergraduate had four credit cards with a debt of $2000. Seniors had the highest balance, perhaps because it was adding with interests and fees over the period time. His average debt amount was close to $5800. They simply don’t realize that by the time they end up paying the full balance, it will be close to some $40000. That makes credit cards the first mistake made by college students.

The second mistake of the college students is the precious student loans. Many parents think that those loans are going to college expenses. But in fact, many students use it for other personal expenses, like buying a TV or a fridge for personal use.

Mistakes in student financeThe purpose of student loans is to fulfill tuition, room, board and book expenses. It is not suggested to take out more than required. If you have extra money left, you can invest it in a nice money market account and that will be useful for your next semester’s expenses.

A large number of students are not able to handle their student loan payments. There are some who are paying more than $400 a month on these loans. When you take out these loans, you pay it back in 20 years, so take them out wisely.

The third common mistake made by many college students is excessive use of credit cards and student loans. As a result, it is tarnishing your credit scores. Therefore it is important to use your credit wisely.

Your credit card debt is something that will follow you for the most of your life. If you have used your credit card too much and don’t pay it on time, you will have a hard time in getting new credit, maybe a car loan, or a home loan. In some cases, many people have a hard time in finding a job. Hence, you should know all about how to use your credit and what affects it.

Many college students find it tough to live on a fixed budget. In fact many students feel that if you are budgeting, it means that you will never have fun again. Budgeting is not a restraint; it is a good planning tool for your healthy future. You have to learn how to handle your money in the best possible ways. This will not only help you in your college days, but for the rest of your life. If you can use your finances properly, you will not only pay off your student loans in time, but also save for your retirement.

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By financen | July 19, 2016 - 4:08 pm - Posted in Bankruptcy, Financial planning

Tending to and healing the body is a noble profession with roots in ancient Greece. An oath named after Hippocrates, the father of Western medicine, puts forth the principle that physicians should “first, do no harm.” Yet, mistakes in healthcare are so rampant that some have termed the situation a crisis. Of course, medical professionals are human and some mistakes are to be expected, but the high frequency of these potentially devastating, largely preventable errors have created a public health problem that leaves many patients in pain and in debt.

The Institute of Medicine issueda seminal study in 1999 examining the quality of health care in the U.S.  Defining medical errors as “the failure of a planned action to be completed as intended or the use of a wrong plan to achieve an aim,” the study estimated that such lapses prove fatal for between 44,000 and 98,000 people every year. That’s more than the annual number of deaths attributable to well-publicized causes like AIDS, motor vehicle accidents, or breast cancer. The researchers also concluded that preventable medical mistakes costbillions of dollars per year, including the expense of additional care necessitated by the errors, lost income and household productivity, and disability.

In 2008, actuaries measured direct medical expenses and determined thatmedical errors annually cost $17.1 billion while the cost of avoidable hospital readmissions added another $13 to $18 billion a year. The study identified more than 1.5 million avoidable errors and found that, on average, the cost per mistake was $11,366. Almost 70 percent of the total medical cost for measurable medical errors was due to ten common errors: pressure ulcers, postoperative infections, postlaminectomy syndrome, hemorrhage complicating a procedure, accidental puncture or laceration during a procedure, mechanical complication of a non-cardiac device, abdominal hernia without mention of obstruction,hematoma complicating a procedure, unspecified adverse effect of a drug, and mechanical complication of a cardiac device.

Another source, the National Practitioner Data Bank (NPDB), lists the five most common categories of malpractice cases as diagnosis, treatment, surgery, medication, and obstetrics. According to the NPDB, the responsibility for these incidents is spread among many types of practitioners. From 2004 to 2014, over 270,300 malpractice claims were brought against nurses and 182,095 were brought against physicians. Dental professionals, therapeutic practitioners, and technicians and assistants saw the third, fourth, and fifth highest numbers of claims. There is no federal law that requires hospitals to report medical errors; and although 27 states do mandate such reporting, the data is rife with inaccuracies and is not uniformly collected.

Healthcare providers that make a mistake rarely bear the resulting financial obligations. Instead,when treatment makes a patient’s health worse, he or she is also expected to foot the bill for the avoidable error. Taking on debt when the need for further care was preventable is to add insult to literal and figurative injury. And the outlook is grim: medical bills are a common reason for personal bankruptcy filings. According to a 2013 analysis, 1.7 million Americans live in households that will declare bankruptcy due to inability to pay medical bills. Of adults ages 19 to 64:

  • 56 million will have trouble paying medical bills.
  • Over 35 million will be hear from collection agencies seeking payment for medical bills.
  • High medical bills will cause almost 17 million to receive a lower credit rating.
  • More than 15 million will empty their savings to pay medical bills.
  • Over 11 million will run up credit card debt in order to pay hospital bills.
  • Nearly 10 million will be unable to pay for basic necessities such as food and rent because of medical bills.

A 2016 look at healthcare found that 26 percent of U.S. adults have experienced serious financial problems due to health care costs. Of that number, large medical bills caused 42 percent to spend most or all of their personal savings, 23 percent to take on credit card debt that might be hard to pay off, 19 percent to take out a loan, and 7 percent to declare bankruptcy.

Although the Affordable Care Act (also known as Obamacare) has reduced the number of uninsured, high-deductible plans requiring more out-of-pocket costs can quickly cause debt to add up. An average family of four with an employer-sponsored “preferred provider plan” is currently estimated to have healthcare costs of $25,826, which has more than tripled since 2001’s figure of $8,414. Now responsible for 43 percent, employees carry four percent more of the cost than they did 15 years ago. Some of these increases can be traced to insurance companies’ passing the buck on to the consumer, raising rates to counteract increased claims for medical errors.

When medical treatment goes wrong, it can set off a chain of events that harms the patient beyond the physical toll. Consequences from medical mistreatment can easily lead to job loss due to the patient’s being physically or emotionally unable to continue life as it was prior to the error. Loss of employment is often coupled with loss of health insurance, which then leaves the patient unable to afford medical care. When the bills multiply and income is limited, many people turn to credit cards, not realizing how quickly this option can cause a bad situation to become a hopeless one. Drawn in by balance transfers, limited time low interest rates, or interest-only payments as well as minimum payments, credit card debt can mount fast and furiously. Interest, late fees, and penalties for being overdrawn can even surpass the original debt.

In cases where negligence can be proven, a medical malpractice lawsuit may be feasible. If you believe you have been a victim of medical malpractice, it’s important to talk with a malpractice attorney in your state. Ininstances where legal action is not viable, the patient’s financial fallout from paying the extra costs may be best dealt with by filing for bankruptcy protection. Chapter 7 and Chapter 13 of the United States Bankruptcy Code consider both medical debt and credit card debt to be unsecured, meaning such debt is eligible for dismissal in the right circumstances. Many bankruptcy attorneys offer free initial consultations, so it’s often worth the time to talk to a lawyer who can evaluate your personal situation.

About: Mike Stephenson is a medical malpractice attorney in Indianapolis who has been representing clients in the central Indiana for more than 2 decades. Mike is a partner at McNeely Stephenson, Attorneys at Law which specializes in personal injury lawsuits.

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By financen | February 28, 2012 - 4:13 pm - Posted in Others

We all are interested to know the most richest countries in the world. Here is the list of 15 richest countries on the basis of per capita income.

  • 1) Qatar: Qatar has become the richest country in the world. The gross domestic per capita is more than $88,000 for 2010.
  • 2) Luxembourg: Luxembourg ranked 2nd in the list of world’s richest countries with a Per capita of $81,466.

  • 3) Singapore: Singapore is in the third position. Per capita of Singapore is $56,694.
  • 4) Norway: With a per capita of $51,959 Norway is in the 4th position on the list.
  • 5) Brunei: Brunei is ranked 5th in the list of world’s richest countries with a per capita of $48,333.
  • 6) UAE: With a per capita of $47,439 UAE is in the 6th position on the list.
  • 7) United States of America: USA hold the 7th rank on the Forbes list with a per capita of $46,860.
  • 8 ) Hong Kong: Hong Kong is in the 8th position on the list with a per capita of $45,944.
  • 9) Switzerland: With a per capita gross domestic product of $41,950, it is in the 9th position of the list.
  • 10) The Netherlands: Per capita of The Netherlands is $40,973. So it holds 10th rank on the Forbes list.
  • 11) Australia: Australia is in the 11th rank on Forbes list. Per capita of Australia is $39,764.
  • 12) Austria: As per the Forbes list Austria ranked at No. 12 with the per capita of $39,761.
  • 13) Ireland: With a per capita of $39,492 Ireland is in the 13th position on the list.
  • 14) Canada: Canada ranked No. 14 in the list with a per capita of $39,171.
  • 15) Kuwait: On the list of 15 richest countries Kuwait is in the last position. Its per capita is $38,775.

The list has been taken from Forbes.com

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