As some of our best loved celebrities keep telling us in numerous television and newspaper advertisements, getting life cover when you are over 50 is no longer a problem.

Insurance

You will be told that there are companies that have been set up solely to cater for the older generation and provide tailor made services to suit the more discerning client. You don’t even need to have a medical to qualify.

But however much the celebrities profess that such a personal service is appropriate, the opposite may actually be the case.

Though some over 50s life insurance policies may require a medical or GP report , more than three quarters of applicants in this age bracket qualify for standard life insurance policies that can offer a great deal more cover for a lower monthly premium charge.

Consider How Much You Are Paying

It is sad to say it, but when considering taking out life insurance, one of the main considerations is how long that life may be.

Many over 50’s life cover plans offer a high return even if you have only been paying the premiums for a short period. All you have to do is pay a slightly higher premium to take advantage of this opportunity.

Yet in reality, it is more likely than ever that you will live for many years to come and could therefore actually pay more in premiums than you can expect to receive when the policy comes to fruition.

The UK’s average life expectancy is now 78.2 for men and 82.3 for women. (Source: ONS, Office for national statistics) so should you take out a policy at 55, you could be paying your premiums for over 20 years!

Simply by choosing a standard policy, you could pay less in premiums every month and still obtain greater cover than possible under a more specialised service.

Having a Medical Can Be a Bonus

Though many will say that they don’t want to be prodded and poked during a medical just to get insurance, actually proving that you are fit and healthy could reduce your premiums so significantly that you could obtain a greater level of cover for less monthly cost.

Even though medicals are portrayed as a great intrusion, in reality most insurance medicals are quick and very simple but could improve your financial position greatly.

What Is Guaranteed

If you can look back to the time when a penny chew actually cost one penny, then you will realise how much the cost of living has actually increased.

And though a guaranteed life cover plan will assure you of a lump sum in the future, what it can’t guarantee is how much that lump sum will be able to buy. A guarantee of a future lump sum may entice you, but the ultimate objective when buying insurance is to gain the highest cover possible for the lowest premium no matter whether that policy is tailored to your age range or not.

Finding True Value for Money

Though over 50’s life cover plans can be a minefield, finding the right life insurance for a mature individual doesn’t have to be difficult.

Many price comparison sites such as www.over50lifeinsurance4u.co.uk will contain specific sections to support the elder generation in finding truly cost effective insurance and will comparing standard products in clear black and white rather than introducing a media smoke screen aimed at enticing people of a certain age.

Most people have heard of the idea of borrowing money via the Internet these days, but borrowing money over text messages is something that many have not yet heard of.

loan-by-phone

The company seeks to provide all customers with the chance to borrow up to £500 at any time that they need to. This is a great thing for those who need to borrow money sometimes for emergency needs. After all, there are plenty of us who are living from one paycheck to the next, and having a little extra help now and then never hurt anyone.

TxtLoan only requires that you sign up for an account on their website once. This process usually only takes about 5 minutes and you are good to go. After you have established an account, you are able to text the company for a loan anytime.

One of the very best things about this particular way of borrowing is that you can get the money that you need in your bank account in 15 minutes or less. That is incredibly fast processing time for loans in general.

The whole purpose of borrowing a small amount of money is to pay off things that need to be paid immediately. In many cases it is better to borrow a small amount of money rather than pay the late fees that come with paying bills late. Depending on the circumstances, there are certain situations when paying late could have even worse results than just having to pay a late fee. Thus, having a text lender is key to helping you avoid these situations.

The ability to receive money via text is important to a lot of people who want to maintain their financial privacy. They do not want other people seeing them in the offices of a small time lender, and this means that they would prefer to be able to get their money over the phone. It is a much more private way of doing things. Besides this, it is a lot easier to receive money in this manner. Anyone can just pull out their phone and have the money almost instantly. That is a lot better than wasting gasoline going down to the lender’s office to borrow money.

Many seniors today have heard about a reverse mortgage, but they do not fully understand how this type of home mortgage works. This is a type of mortgage that allows a homeowner to take equity out of his home and that does not require mortgage payments for many years. There are many benefits associated with a reverse mortgage that seniors can enjoy. Learn more by visiting MortgageRates.ca or reading the information below.

• No Payments:

One of the most attractive features of a reverse mortgage is that there are no monthly payments associated with this loan. The loan repayment is due in a lump sum many years down the road. Upon closing, you can receive cash equity out of your house, and this can be used for any purposes that you need. Whether you currently own your home free and clear or have a traditional mortgage in place that you are struggling to pay off with a fixed senior’s income, refinancing your home with a reverse mortgage will yield no monthly mortgage payments.

• Live on Equity:

Seniors often live on a fixed income, and any additional cash that can be used to supplement their income is beneficial. Many seniors are sitting on a nest egg in the form of equity in their home, but they don’t want to sell their home. A reverse mortgage allows you to pull equity out of your home without having to sell your home. Through this mortgage, you can supplement your income and remain in your home. This can improve your quality of life and ease financial concerns.

• Paying Off the Mortgage:

There are various reverse mortgage programs available. Some can remain in place for only 5 years, but others may have a term of 10 or 20 years or longer. You can sell your home at any time to pay off your mortgage, or you can sell it when the mortgage is due. A home will generally increase in value from year to year, so there often will be additional equity in the home at the time the mortgage is due.

Once you understand how a reverse mortgage works and the many benefits that this type of loan can provide, you may consider talking to a lender or mortgage broker about how this loan may help you specifically. With Canada mortgage rates so low, now is a great time to apply for a mortgage and ease your financial concerns with a reverse mortgage.

Great Resources:

http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea13.shtm

http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/hecm/rmtopten

There are some states that won’t allow wage garnishment unless you have a court-ordered judgment for child support or spousal maintenance. However, it will allow a bank garnishment to collect civil money judgments.

garnishment

What do you understand by Bank account garnishment?

It means that a judgment creditor has legal rights to confiscate your checking account and apply the proceeds towards a legitimate, uncollected judicial judgment. Generally, through a garnishment, a creditor can take away possessions of any type of properties a debtor has. Bank account garnishment is quite successful because your bank is holding your money in the account. The bank has your money, but the plaintiff is legally requiring the bank to reroute the money to pay off the judgment.

When can a bank garnishment happen?

There are certain circumstances on which a judgment creditor can pursue a bank account garnishment. These are mentioned below:

1. The plaintiff who is seeking a bank garnishment against you must have a valid, final and subsisting judgment from the court. A judge needs to sign the judgment to make it legal. The day when the judge signs the order against you and your creditor will enforce bank garnishment writ as long as all the requirements of the garnishment are satisfied.
2. If you have filed an approved supersedes bond to stop execution on the judgment, then the creditor cannot get a writ of garnishment to get your bank account.
3. The creditor has to sign an affidavit attached with the writ of garnishment. In that affidavit, the judgment creditor will take an oath and ensure that you do not possess in the State of Texas adequate property subject to execution to satisfy the judgment.

A judgment creditor does not have to prove whether you have adequate property in the state to satisfy the judgment, but he must mention it.

What can you do about a bank garnishment?

There is no guarantee whether you can beat a judgment or not. But if you are obligated on a judgment, you need to do several things to make sure that your judgment creditor heeds both the letter of the law and the spirit of the law while collecting that judgment.

For example, if you own non-exempt property that may be taken by a writ of execution and the judgment debtor files a writ of garnishment, then the judgment creditor can be accused of filing a wrongful garnishment. The judgment creditor is required to sign an affidavit where he takes an oath mentioning that you do not own sufficient property subject to execution to pay the judgment. If the said statement is found to be untrue, the judgment creditor will be accused of wrongful garnishment even if he had probable cause.

Therefore, it is the duty of the judgment creditor to make a reasonable inquiry and find out if you have any non-exempt property that can be seized by using a writ of execution. If you get such interrogatories, you need to respond to it completely and truthfully under oath. You cannot hide your assets and then make a claim that your judgment creditor wrongfully garnished your bank account.

Resources:

https://www.ftb.ca.gov/Bills_and_Notices/wage.shtml

http://www.dol.gov/dol/topic/wages/garnishments.htm

In today’s world, many people are living between paycheck to paycheck. Because of their financial crisis, they are looking towards the one-hour payday loans as a temporary solution. If you are also thinking of borrowing money from a payday loan company, you must know these ten important things about payday loans.

payday loans

1. Browse on the internet and look for a website that will give you all the necessary information about the loan that you need up front. The fees and other charges should be clearly explained and it should be easy to understand for everyone. Don’t deal with a website that is hiding the fees.
2. Deal with a company that has a good market reputation. There are many scammers on the internet who are making a lot of money in illegal terms out of the pocket of innocent consumers. Prefer working with a company that has been in the business for many years and has a physical address.

3. Before shopping with any company, read the reviews posted by people about their experiences with different companies and those who have been rated the most. There are many review sites that will evaluate different types of products of various companies.
4. A good loan company will have a robust customer support. They will have a 1-800 number and are available 24/7.
5. Go through the terms and conditions carefully and read between the lines. If a website says that their fees are $15 per $100, it doesn’t sound like much. You need to do your calculations and understand that if you borrow $1000, they will charge you $150 in fees. If you take the loan for four weeks, they will charge you $150 for four weeks and you end up paying almost $600 for a $1000 loan. And it can be quite expensive for anyone who is borrowing money because of his financial bind.
6. If a company says that they won’t charge you a single penny in application fees, it doesn’t mean that what you will borrow, you will pay back that amount only. What it actually means is that they won’t charge you anything in processing your application. They will make their words in a way to lull you into complacency, so don’t fall for it.
7. Before applying for the loan, you must figure out how much you actually need and stick to your guns. Many websites will have a small application form to be filled and then having a company representative call you to confirm the details. The salesperson will try to convince you to borrow more money than what you actually needed. Remember, the salesperson gets an incentive from the loan company for the maximum loan amount issued to the borrower. So he will try to answer all your questions up to your satisfaction.
8. Know your legal rights before borrowing money. There are many federal and state laws and every loan company has to abide by them. Educate yourself so that you don’t end up doing business with a company that is not following the laws in your state and they are out there to steal your money.
9. When you take a payday loan, you are actually taking a chance with a company you don’t know. So you must check out that company with the Better Business Bureau, federal trade commission and your local attorney general’s office and know more about their business.
10. After filling out the application form online, prefer going to the office of the loan company and complete rest of the formalities.