Debt ConsolidationWritten by Tim Gorman
Millions of Americans are finding it hard to pay their bills and dig themselves out of debt. Many are turning to debt consolidation for help. While biggest problem seems to be credit card debt, other debts such as; tax debts, medical bills, student loans and personal loans can all be included in a debt consolidation plan. Debt consolidation is a simple process that can be done over Internet. A person needs to search for a lender that is listed in Better Business Bureau. It is also recommended to find a lender that is part of a non-profit organization. After a lender is picked, an application is filled out with personal information as well as debt amounts, account numbers and present monthly payment amounts. A debt specialist will then give you feedback on what your 1, new monthly payment would be and how long until your debts are paid. If both parties accept debt consolidation plan, a signature will be required to get started. The lender will deal with creditors. In most cases lender will get creditors to lower interest rate and in some cases even lower amount owed.
| | Life Insurance BeneficiariesWritten by Tim Gorman
Naming a beneficiary for your life insurance policy can be a difficult decision to make, not to mention a tricky procedure. A person needs to research different types of beneficiaries and different ways to go.In naming a life insurance beneficiary, a person should always specifically name and individual or organization and state proceeds go to beneficiary. Multiple beneficiaries may also be another option to your life insurance policy. There is no limit to number of beneficiaries on a life insurance policy. But, again, they need to be specifically named and proceeds that they are to receive are to be indicated on policy. A contingent beneficiary is person to whom a person bequeaths their assets to in event that their primary beneficiary also dies. It is extremely important to ad a contingent beneficiary to your life insurance policy. If there is not one named and primary beneficiary does die, allot of unnecessary taxes and fees will be charges to your estate.
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