Medical Bankruptcy: Fact or Fiction?

You have probably heard someone use the term "medical bankruptcy." This is a word commonly used by individuals who either are going through a medically related financial crisis, or are acquainted with someone who is facing severe medical debt. Although medical bankruptcy is not a legal term, it is a useful term to describe a financial remedy for an individual who may have reached the end of their rope because of medical debt.

Medical bankruptcy can be a misleading term because there is no legal remedy available exclusively for medical debt. In general, bankruptcy is the dissolution or reorganization of some or all of an individual's debt. When you file for any type of bankruptcy you must include all your debt. This would apply to home mortgage loans, car loans, credit cards, and medical debt. There are several types of bankruptcies, but most individuals filing a bankruptcy for medical debt will typically file for a Chapter 7 or Chapter 13 bankruptcy. A Chapter 7 bankruptcy may allow an individual to eliminate their debt, while a Chapter 13 bankruptcy can allow an individual to reorganize their debt into a 3-5 year plan, while at the same time reducing the principle on their debt.

The idea that a medical bankruptcy exists as a legal remedy may have developed because the court handles medical debt in a different way than they might other types of debt. Not all debt will receive the same treatment in court. A bankruptcy court will generally divide an individual's debt into two classes: Secured Debt or Unsecured Debt. Secured debt is the type of debt that is usually tied to assets like an auto loan or home mortgage. Unsecured Debt is usually not tied to assets, yet can often be eliminated or greatly reduced through a bankruptcy. It's important to realize that medical debt is usually classified as an unsecured debt.

While the term "medical bankruptcy" is not a legal term, it is a useful way for an individual to describe how their finances fell into chaos. An experienced bankruptcy attorney will immediately understand what a client needs when they inquire about a medical bankruptcy. A bankruptcy attorney can then inform them how a bankruptcy could be a solution to their financial hardship caused by medical debt, and even help the individual decide whether a Chapter 7 or Chapter 13 is most appropriate for their situation. Once an individual has decided the best course of action, the attorney will then lead them smoothly through the legal process of filing, and obtaining a bankruptcy.

Read More

No Credit Car Loans: Bad Credit, No Problem

If you are looking for a quick and easy car loan, a "no credit car loan" might be a good option. However, you need to know what you are getting yourself into with loans of this type.
No Credit Car Loans - the Background
The plain truth is that obtaining auto loans or any other kind of personal loan, for that matter, is not as simple as it used to be. Large commercial banks don't want anything to do with personal loans, especially financing new cars. In most cases, people who buy a new car from a dealer wind up financing their loan through the dealership. The dealer will most likely tack additional charges onto the bottom line.
What a Buyer Might Face With No Credit Car Loans
If your credit score is less than perfect you understand that you are facing many restrictions on the type of financing you can realistically get. Lending is a high risk venture. Now more than ever. The lender evaluates your repayment history. Nobody wants to lend money to someone known for defaulting on loans. Those who do, charge more interest and apply more restrictions. More interest equals to more of the money being paid back before you default. How your credit score affects your work ethic is another story. But, it is true. Some employers will not hire you if your credit is bad.
Collateral
Collateral is a good bargaining tool. If you have enough collateral you can buy pretty much anything you want. But, if you have a poor credit history, there is a good chance you don't have any collateral. A rock and a hard place. Just like when you were a kid. You can't get a job without experience - you can't get experience without a job! Likewise, just as the kind-hearted grocer gave you that first break, there are lenders willing to give you a break and help you re-establish your credit and obtain collateral.
Hazards of No Credit Car Loans
Beware of wolves wearing sheep clothing. There are lenders that prey on people with poor credit. They bank on the fact that you might not be all to credit savvy. They count on you not knowing the ins and outs of auto financing. You may be asked to pay astronomical interest in exchange for waiving credit check requirements. You could end up making payments for twenty years without ever actually paying one cent of the principal.
Similarly, you have the "title loan." You put up your car as collateral and agree to pay back the loan in a very short time. Usually about a week. This is basically legalized loan sharking. If you borrow $200, you pay back in the neighborhood of 3-4 hundred. This may help you buy a second vehicle, but think about it - is a second vehicle really that important? Why not take the bus for a while, save up and buy your second or first vehicle without all the extra charges?
Always carefully read all of the fine print in any kind of financial deal. If a no credit car loan will benefit your financial situation without putting you out on the ledge, then go for it.

Mike McTigue is an Automotive Journalist and former Car Dealer with a unique insight into the auto financing industry, and special financing.

Read More

Perfect Use Lips

Nothing impresses your friends more than a perfect lip line, because it is the hardest makeup application to do.To get it, avoid applying the lip pencil too heavily, which will be difficult to blend and soften into the lipstick. Keeping your mouth closed lightly trace the lip line with the lip pencil so it can barely be seen, but can be used as a guide line.

Hold the brush horizontally to trace along the lip line, and do a little bit at a time, backing up and going over it again. Don't try to get the whole line in one stroke. The best lip brush is a sable with a slightly tapered edge, not straight one.

This provides more control and a cleaner line.If you are really pressed for time, apply lipstick only on the bottom lip and press your lips together. Then, blend out to the lip line with the edge of a lip brush, not the tip, for a precise line, or use a dampened cotton swab for a soft, natural lip line.

When finished, instead of blotting the lips by biting a tissue, lay the tissue across both lips while your mouth is closed. This will imprint your lips, including the edges of the mouth where lipstick usually bleeds. Perfect!

Read More

Perfect Use Lips

Nothing impresses your friends more than a perfect lip line, because it is the hardest makeup application to do.To get it, avoid applying the lip pencil too heavily, which will be difficult to blend and soften into the lipstick. Keeping your mouth closed lightly trace the lip line with the lip pencil so it can barely be seen, but can be used as a guide line.

Hold the brush horizontally to trace along the lip line, and do a little bit at a time, backing up and going over it again. Don't try to get the whole line in one stroke. The best lip brush is a sable with a slightly tapered edge, not straight one.

This provides more control and a cleaner line.If you are really pressed for time, apply lipstick only on the bottom lip and press your lips together. Then, blend out to the lip line with the edge of a lip brush, not the tip, for a precise line, or use a dampened cotton swab for a soft, natural lip line.

When finished, instead of blotting the lips by biting a tissue, lay the tissue across both lips while your mouth is closed. This will imprint your lips, including the edges of the mouth where lipstick usually bleeds. Perfect!

Read More

What Is Accounts Receivable Financing and How Can You Benefit?

Have you recently taken a look at Phoenix small business investing and are wondering what accounts receivable financing is because you are interested in investing in it? There are a few things that you will want to understand about this type of investment so that you know what the risks are as well as the rewards that you will be able to receive for taking those risks. This is an investment that could pay off huge if you have the right things in place to make it work. Here are a few things that you will want to know about accounts receivable financing.

There are a few different factors to this type of investment and it might require you to also take a look at small business loans in Arizona because of the amount of money you will need. What happens is a business that has an accounts receivable department might have several accounts that they are unsure if they are going to be able to collect on. They will take these accounts and put them up for sale and sell them at a discounted price. It then becomes the obligation of the buyer to settle the accounts with the people who owe on them.

The way a person makes money with accounts receivable financing is when the debtors settle the accounts that they owe on. The debtors will have to pay the full price and if all debtors pay their accounts off then the person who bought all of the accounts at a discounted price. If you are a new investor and do not know how all of this works then you will want to take some time to learn about it in a Phoenix small business investing group or from someone who can advise you on the best approach to take.

Read More

HSBC Online Savings Account Interest Rate - Tips to Invest

In case of HSBC savings bank account you have several investment schemes. All the investment plans have been introduced keeping in mind your capacity and benefits in future. Online investment plans in case of HSBC bank differ according to the type of investment you are panning to make. Remember, not everybody have similar spending capacity.

Some can invest more and some can invest less. Thus, this is the most crucial deciding factor in availing the best online investment plan. The offers made by the bank are differentiated and customized based on your investment capacity so that you can make some better gains in the long run. They have their advisory service team who works best in providing information regarding several stocks and sectors and you can receive daily stock market reports for your benefit of investment.

In this case you can make an investment sitting in the comfort of your home. No visiting banks and no waiting in queues. You just need to press a button and you get all information at the tip of your finger. Yes, internet gives you an access to this facility. You can make all your investment work done online. Gathering information, making comparisons, judging interest rates, all can be done on net. Technology has made it easy for you to go online, compare rates of interest and then make an investment based upon your spending capacity. Here you can place the order directly. There is no need for you to spend hours in filling up forms and going through details. Such an online investment plan has indeed made things quite easy for you.

There are several tips of investing money in case of Online Savings Account and receive the best interest ever. First, make a plan and invest to your utmost. You do not know how much you would be able to invest in future. Thus waste no more time and make your best investment today. You also need to invest regularly following a particular method. If you do this you are surely going to be on the better side. You can invest in time but never make a mistake of timing the market. In this case you should act as a smart investor. You need to be have patience if you have gone for a long term investment plan. The more the time, the lesser the risks and the greater will be the gains - this is the ultimate motto of HSBC Online Savings Account investment plan and rate of interest.

Read More

What Are Micheal Maloney and Simon Black Teaching About Wealth Strategies of the Rich?

Who are your financial advisers? How much wealth have they accumulated? I speak to the middle class American who followed the common practice of investing in a Roth IRA & 401K plan, like me, and have watched those investments dwindle as well as our hopes and dreams of retirement.

Here's a brief re-cap of the seven stages every single empire has gone through...

Stage 1: A country starts out with good money, which is either gold or backed by gold.

Stage 2: As it develops economically and socially, it begins to take on more and more economic burdens, adding layer upon layer of public works and social programs.

Stage 3: As its economic affluence grows so does its political influence, and it increases expenditures to fund a massive military.

Stage 4: Eventually it puts its military to use, and expenditures explode.

Stage 5: To fund the war, the costliest of man's endeavors, it steals the wealth of its people by replacing their money with currency that can be created in unlimited quantities.

It does this at the outbreak of war, as in the case of WW I, during the war as in Vietnam, or as a perceived solution to the economic ravages of previous wars.

Stage 6: Finally, the wealth transfer caused by expansion of the currency supply is felt by the population as severe consumer price inflation, triggering a loss of faith in the currency. (This is where we stand today).

Stage 7: An en mass movement out of the currency into precious metals and other tangible assets take place, the currency collapses, and massive wealth is transferred to those who had enough foresight to position their money into the right asset class before hand... (gold & silver)

So if we are in the midst of economic hyperinflationary depression for the first time in global history, what can you and I do about it. How can we protect what little we have and prepare for our families to survive and thrive through these times? It is a scary subject but one to be hopeful about and start acting NOW.

Many lifetime investors think buying gold and silver is crazy talk because they have 30 years of investments to show for the safe and predictable market growth but as a new kid on the block with zero preconceived notions clouding my judgment as to how things should or should not be, it's an outcome that is as clear and inevitable as day. It is a process that every single nation who has played with fiat currencies has succumbed to since the fall of the Roman Empire. 30 nations over the last 100 years to be exact.

So buying gold and silver has nothing to do with the actual desire for the metals, and everything to do with the desire to avoid the consequences that will come with the death of the Dollar. For example, if you buy 100 silver coins at $30 a coin you now have $30,000 invested but as the dollar drops and silver goes from $30 an oz. to $1000 an ounce you now have $100,000 for the price of $30,000 and you can pay off mortgages or buy houses with it. Real property investments. This is just one strategy of the rich that I have learned from becoming a member of the Elevation Group. It is a brilliant strategy and one that Michael Maloney, Robert Kiyosaki's financial adviser suggests doing.

There are some very important issues to understand: The U.S. is essentially privately owned by the Federal Reserve. It can not print its own money and is funded completely by the Federal Reserve which was created in 1913 by a few men on Jekyll Island. We are currently facing the first Global Economic depression in history & NOW is the time to know exactly what to do & when so that you can protect your finances and make millions during this economic collapse (more millionaires were made during the great depression than ever before so let's not lose hope, let's take MASSIVE action NOW).

First of all, if you are reading and thinking "I have nothing to invest" I completely understand and empathize. The best part about this is that you can start small and gain big by buying non-numismatic silver eagle coins to get started in the right direction. Robert Kiyosaki says, silver is "the investment move of our lifetime." At this time 1 oz. of silver is worth $27.64 so you can get started investing and build wealth 1 coin at a time.

My family and I chose to become members of The Elevation Group becaue we desperately needed guidance and insight during these times. We have always been told, find someone who has what you want and do what they do. Problem is that many of these people don't have the time or the interest in helping me. With the Elevation Group we are learning how to set up our family trust, diversify our investments, what to buy & sell and when but best of all it is from people like Michael Maloney of Goldsilver.com & Simon Black of Sovereignman.com & many more.

These individuals have all been brought together by Mike Dillard of The Elevation Group @ www.theelevationgroupllc.com to take us inside the secret "black box" of the rich and teach us how to build lasting wealth for generations to come. I look forward to creating real wealth for my children and hope you choose to also.

Read More