Sep
28
How to Pay for Medical Bills
Filed Under Personal Finance | Leave a Comment
Do you have a lot of medical bills to deal with? Are you wondering how you’re going to pay them off? Here’s a look at some of your options:
- Get additional insurance. Health insurance doesn’t cover everything which is probably why you have so many bills. Getting supplemental insurance will help you to get more covered by the insurance companies. For example, if you have medical insurance Florida then you can get Medigap insurance in Florida as a secondary type of insurance.
- Ask your doctor about payment plans. There are still some doctors out there who will allow you to break your payments into manageable monthly installments. See if your doctor will work with you on this.
- Take out a personal loan. If you need to pay a lot of bills off at once then you may want to take out a personal loan to cover all of the costs. Go to your bank or check into a p2p lending program to get the money that you need.
- Get a medical credit card. These are credit cards designed specifically for you to put your medical bills on and to get a zero or low interest rate for an extended period of time. Be aware that there are pros and cons to this option though.
Sep
25
Need to Reduce Business Debt
Filed Under Business & Finance | Leave a Comment
I operate a small business. I’ve owned it for nearly ten years and it’s always done well. It started off rough, of course, as all businesses typically do. However, we gained profits steadily year upon year. Then the recession hit. Things have been tough on us the past two years and we’ve started to accumulate a lot of business debt. I’m concerned about what this means for the life of my small business.
I think that I need to find a way to reduce my business debt now before it gets completely out of control. I don’t want to get to the point where I’m going to lose my business. I am starting to review my options for business debt reduction. Most of the options out there seem to be for people who are in extreme debt which isn’t the case for my business yet. However I’m still hoping to do a business debt negotiation that will get things back under control.
My husband says that I’m being a worrywart. He thinks that the economy is improving and we’ll do fine. He thinks we’ll bounce back and pay off our debts without any trouble. But I’ve seen too many small businesses fold during this recession and I don’t want to be one of them. I want to nip this mounting debt in the bud!






