Credit card consolidation

If you are being overwhelmed by your existing debts, you may consider the option of combining all your existing debts under one payment plan in the credit card debt consolidation. You should consider taking this step before your existing financial problems continues to leave a negative mark on your credit ratings.

Check credit report before applying for any credit card, because your credit limit will depend on your credit report. Credit card has its own set of advantages and disadvantages. While it has made the purchase of goods and services much easier and you don’t have to carry too much cash in your wallet, it also creates an unhealthy and tempting spending habit. When you make a purchase on your credit card, you are well aware that you will pay back the amount in your next billing cycle. Often most people don’t do a proper budgeting of their finance and continue to purchase things that are not very urgent. They end up doing purchases more than their income and increase their debt to income ratio. So the credit card debt simply piles on and on. Most of the people are not able to pay the full outstanding balance within the due dates. As a result, the credit card company charges interests and fees each month and the outstanding balance keeps moving up. If you are just paying a little more than the minimum, a lot of money is eaten up in interests and fees alone. A situation may come that a substantial amount of your monthly income is going towards the credit card debts. It is time to be proactive and opt for a credit card debt consolidation program.

There are some credit card companies that offer credit cards for bad credit also. The limit may not be very high but you can get it. If you have bad credit then you should use your credit card in better ways to avoid default payment.

Credit card debt consolidation will combine multiple credit card accounts under one payment plan. You don’t have to worry about remember the different payment dates of your credit card bills. Your debt consolidation company will negotiate with your creditors to reduce the interest rates and waive off the fees added on the outstanding balance. They will explain that you are no more able to afford the existing interest rates and fees and it may happen that your accounts will turn delinquent, if it’s not happened till now. Your credit card company will offer you reduced interest rates after some serious negotiations done with your debt consolidation company. The monthly payment plan will be set to something that you can afford and you won’t have to face the irritating reminder calls, collection agencies etc. just stick to the monthly payment plan set with your debt consolidation company and they will disburse the payments to your creditors. They will send you monthly statements of how your money is applied towards different creditors in the program.

Get something more than your claim check when you are going through a critical illness

Life can hit with unexpected emergencies anytime. You may face a lot of financial hardships during some critical illness and your family will also suffer along with you. You have to think about different ways of taking care of your family, finding the best medical care, meeting day to day expenses when you just cannot work and earn money for covering up these costs. You may be unfortunate enough to go through a lot of fear and anxiety during these tough times.
The good news is that now you don’t have to stress during such unexpected emergencies. Life can turn good and you will still be able to take care of your family and meet the everyday expenses. There are various Critical Illness Insurance plans which are unique in the industry. It will provide you the financial protection and overcome your worries and anxiety moments. Critical illness cover will provide the following range of services.
1) If you have critical illness insurance during the time you are diagnosed with a severe illness and satisfy the survival period, you will get a lump sum benefit that can be used in many different ways. This benefit can be used in many different ways like covering your daily expenses related to your recovery, pay off some of your existing debts, renovate your home or utilize the money to cover the repair costs of your vehicle, specialized medical treatment.
2) Critical Illness Cover will help you cope up with the day to day challenges of a critical illness through assistance services such as fix up appointments with the specialized doctors and pay their consultation fee, daily living assistance and other associated costs.
You can look for a variety of critical illness insurance cover to meet your needs. Shop with different insurance companies providing Critical Illness Cover to get the flexible plan options and maximum coverage
If you are suffering from serious diseases like cancer, heart attack or stroke, there are critical illness insurance plans to cover the expenses. These types of plans are available for people between the age of 18 to 50.
It just not the claim check that will give you the mental peace when you are going through some serious illness. Critical illness insurance plans will take care of you and your family during such unexpected emergencies.