Debt Settlement – The Perfect Solution If

Today, more then ever people need a break from debt. The two most common solutions are bankruptcy and debt settlement. Most people already know bankruptcy is the last possible thing you want to do, which leaves debt settlement.

The question is; does debt settlement really work?

Without a doubt yes, settlement or debt negotiation does work. The bigger question should be, is it right for you? Before we get into evaluating whether or not it’s right for you, let’s make sure you understand the process.

Debt settlement is the process in which a company will negotiate on your behalf an amount less then the balanced owed to your creditors. Typically a good settlement company can get the total balance you owe down to about 50 percent, sometimes even less. For most people facing financial crises, that is exactly the break they need.

For example; if you’re $30,000 in debt and making payments of about $1500.00 per month, that may be reduced to about $15,000 and 700.00 per month. Furthermore, if you’re currently behind on your debts, no doubt you’re getting pounded with creditor phone calls. Debt settlement companies will also deflect most of that as well by dealing with your creditors on your behalf.

So, let’s take a look at the downside of debt settlement and see if it’s right for you. We already know it will relieve you of a major portion of your debt but it has its drawbacks.

Two of the major drawbacks are costs of the program and damage to your credit report. The average debt settlement company will charge 15 percent of the total debt in fees. Personally, I think that is about double what it should be. Their services are invaluable to most people and worth a fee, just not that much.

The second drawback to debt settlement is the damage to your credit report. While you are in debt settlement, your credit is going to take a beating and don’t let anybody tell you otherwise. Chances are if you’re considering debt settlement or bankruptcy, your credit is already taking that beating, but if you’ve managed to keep your credit intact to this point and know you may want to buy a home in the next year, then debt settlement may not be the right choice for you.

Once you’re done with settlement with a focused plan you can be good as new in 6 to 12.

While there is no replacement for good judgment and making your payments on time, debt settlement has helped hundreds of thousands of people get back on their feet. You just have to know it’s the right solution for you.

Insurance – How to Find the Perfect Agent

First of all, you should consider your demands and needs: what exactly you want from your agent. What do you want to insure? life, health, disability, your car, your home or some other coverages. After you consider your needs, it is better of you to work only with one agent. If he has the enough expertise, he will provide you with the best program that can give you the coverage on all the major risks or at least he can fulfill your demands. By the way, it will be good strategy of you to regularly make a yearly review over the new plans for insurance.

Then you can use some other tools to find that perfect agent; you can use the word of mouth to ask about that agent. It can be the best and the easiest way, but be careful not to pay all your attention just on the price. Otherwise, you should be specific in asking for the one who can give you the best professional advice.

You can also be sure about some of the insurance courses that the agent may have been completed such as; Accredited Advisor in Insurance (AAI); Certified Life Underwriter (CLU), Certified Insurance Couselor (CIC) and also Chartered Property Casualty Underwriter (CPCU). In fact, these courses can be a very strong proof for reality of the agent that you are going to deal with, as it would refer to the degree of his expertise and his ethical behavior. If you have trusted a certain company by recommendations or by gathering information, you can get their help to give you that agent.

If you have made up your mind about the type of insurance that you are going to use, you can get the agent leads, then you can find some of those who offer the lowest prices. But, in this case, you should be careful about what you would call the lowest price. Here, you are sure about the insurance that you are going to buy, but you are not sure about the insurance that you really need and which may be with a lower price.

All what you want from the company here, is to tell you the names of some agents who are known as the best in the field of insurance, the most experienced and who can probe your needs, identify coverage gaps, solve problems, help you resolve claim disputes, do annual reviews, and, in short, provide greater expertise. Although these information are available to the company but for some reasons they would refuse to give you any of these information.

You can go to the local company office and ask for a list of the names of these agent. Here you can specify the names for those who have completed the courses that we mentioned above. Even if they do not have this list they would prepare it for you later.

In this stage, you have almost reached the end as the choices become very few and you can choose that agent from two or three candidates. But how could you be sure about the abilities and expertise of any one of them. At the same time, you do not have enough information or experience to interview them. At first you can meet them, then you may ask for a design for a specific insurance program in which you would define some of your own needs with the best coverage levels. Then you may meet them again, the agent with the greater expertise and greater care for you will be your future agent.

Insurance Companies Offering Mortgage Life Insurance

The majority of insurance firms will offer mortgage life insurance but what exactly is this ‘Mortage Life Insurance’ and what benefits does it provide to the prospective purchaser? How much does it cost and whom can obtain it?

Mortgage Life Insurance is designed to protect your outstanding mortgage debt in the event that you prematurely die. This is a valuable form of protection for your surviving dependants at a time when financial problems are at their most delicate. The most common type of mortgage protection policies is twofold;

Decreasing Mortgage Term Assurance

The benefit provided with this type of mortgage protection decreases inline with your outstanding mortgage loan. It is primarily designed to cater for a repayment mortgage given your monthly payments are made up of interest payments to the lender and a portion which goes towards reducing the actual loan amount. As you start to pay some of your loan balance over the ensuing years the amount owed also. Therefore, reduces and mortgage term insurance sum assured (the lump sum benefit) reduces inline with this.

This is one of the cheapest forms of mortgage life insurance given the payment which the lender may have to pay should you die before the end of the term is reducing and thus exposing them to a reducing risk.

Level Term Life Insurance

This type of mortgage life insurance also provides a lump sum benefit although with this cover the amount payable over the term of the policy (if you should die within this term) remains constant and does not reduce. This cover is also suitable for mortgage loan protection in relation to a decreasing loan balance (repayment mortgage) given the outstanding balance reduces but the cover remains the same providing your dependents with additional funds above and beyond your mortgage balance.

Clearly, this type of cover is a little more expensive that the decreasing term insurance for the reasons noted above and the consistent risk faced by the respective insurer. However, in most circumstances the difference in monthly premiums is as little as a few pounds more expensive.

Insurance companies offering mortgage life insurance vary to some degree but for the most part all firms will offer both these types of protection albeit sometimes with additional ‘add ons’ such as continuing your premium if you are unable to work due to illness or injury amongst others.

Both forms of cover provide an outstanding benefit to purchasers and can alleviate financial hardship in the event of an untimely death and should not be underestimated.

Perfect Auto Insurance

While you are having a bad credit history, it does not at all make you a bad driver; however, it will be useful in raising your auto insurance rates. Following are some of the means via which you can obtain cheap auto insurance rates even when you are having a bad credit history.

Bad Credit Auto Insurance:

It may be sounding strange but it certainly is helpful in affecting your auto insurance ratings with most of the companies. It has been stated by the Auto insurance companies that all those people who have bad credit file around 40 percent of the claims when compared with people with good credit. If you have a bad credit history then you should be aware of this that the insurance coverage that you are going to get is going to be 30%-50% costly as when compared to someone with good credit history.

The good news is that not all the companies require credit history and some of the states even do not permit the insurance companies to use this particular history. Thus, if you are declared a person with bad credit then you should be opting for insurance quotes from such companies that do not require credit history.

There are numerous web portals that are offering auto insurance rates from such companies that are rates as A grade companies. You can get professional assistance and opt for any kind of insurance policy that suits your requirements.

Lowering Your Auto Insurance Rates:

Following are some of the means via which you can lower down your insurance rates:

• Increasing your deductibles: increasing your deductible will be helpful in saving you with hundreds of dollars annually which you pay in your insurance premium. You will be figuring out that the money you saved on insurance premium will be more than your deductibles.

• Dropping down the collision and comprehensive insurance coverage: you need to consider if you really require having collision and comprehensive insurance coverage and if not then you can drop it as it may happen that the repairs are costing you too much then the actual worth.

• Merge the insurance policies: you can get discounts on different insurance policies if you are getting them from one company.

• Getting Discounts: all the insurance companies offer discounts on different policies. You can consult your agents and if you are eligible for them then go and get benefited.

Progressive Auto Insurance Company Review

Progressive Auto  Insurance   Company  is a well known and trusted  insurance  company  providing car  insurance  coverage to many US residents. Read this Progressive Auto  Insurance   Company  review to better understand what Progressive is all about and then decide if they may be a good fit to provide your car  insurance  coverage.

With so many automobile  insurance  choices the customers today have to do plenty of shopping around before deciding on which one to select. While some customers decide to go with small  insurance   companies , some other ones like the idea of being covered by an automobile  insurance  with nationwide presence. Reasons for this might be that big auto  insurance   companies  have more money which gives members security in knowing that they will be paid in case of an accident and they have a higher number of employees which in turn translate to faster claim processing. An automobile  insurance   company  that is known nationwide because of its commercials and its great customer service is Progressive Automobile  Insurance   Company . Progressive was started in the year 1937 by two lawyers by the names of Joseph Lewis and Jack Green for the sole purpose or providing vehicle owners with security and protection.

An important thing for the company has always been innovation, and they continue to strive for it through the years. Progressive was the first to offer a drive through  insurance  claim service and the option of paying the premium in installments, the later one which attracted those customers who could not pay the whole payment annually. They became a publicly traded company in the year 1971 and they moved their headquarters to the city of Cleveland. By 1987 the company surpassed the $1 billion in premiums and it only took them 7 years to surpass the $2 billion margin. They kept expanding and now they not only offer automobile  insurance , but they started home and property  insurance .

Between the years of 1996 and 2005 the company grew an average of 16% every year and expanded their assets from $3.5 to $14 billion. Today, Progressive is one of the best  insurance   companies  in the United States, and the third largest automobile  insurance   company  in the country for that matter. Experts in the  insurance   company  field predict Progressive Auto  Insurance  to keep growing and the rating of A+ (Superior) by A.M. Best is an indication of that since they rate Progressive as one of the best  companies  in financial security and performance.

One of the most important things that have launched Progressive  Insurance  Company  to the top of the  insurance  ladder is their website. In the year 1995 when the Internet was just starting to gain popularity among  companies  around the United States, Progressive was the first  insurance   company  to launch a website. Although at first it was only composed of only information, it soon became more interactive and the company started gaining customers.

Nowadays, the automobile  insurance   company  prides itself in having one of the best websites in the industry. Some of the features that a customer can find in a Progressive website include a policy and service management section where policyholders can log in to make payments, update their policies, etc. The company also has a direct rate ticker that allows you to see the rate given to you if you are a potential customer, alongside rates of other companies and an online claims reporting. Since customer service is one of the most important things for the company, they also have an agent locator and a part of the website called “Talk to Me” which allows customers who have a question about their quote; to talk to a customer service representative from the company so that their doubts can be clarified.

Like every other company, Progressive has a series of discounts that allow its customers to save some money. The E-sign discount is designed for customers that sign and enroll through the Progressive website, to save $50 instantaneously and the pay in full discount allows a member to pay the entire rate in a single lump, which can end up saving them over 10% of the actual price. Other discounts include but are not limited to good student, more than one car in one policy and good driver discount. Since discounts can also vary by the state that you are in it is important for you to call your Progressive  Insurance  Agent or contact your local office for more information.

Other features offered if you decide to become a Progressive member are total loss replacement (in case you total your car after an accident), accident forgiveness (which allows the customer to lock in the rate and evade rising rates after an unexpected crash) and online/phone support through text messages, your cell or the internet. Last but not least it is important to discuss the options that premium members (those who pay a little bit more annually) have. Those customers have superior claims service that allows them to just drop off their car right after the crash and immediate response vehicles that show up as soon as you get into a car wreck.

Progressive will continue to grow if they keep providing their customers many different options in coverage, discounts and deductibles. The innovative company  that once was started by two lawyers in search for a good way to start their careers now has become one of the best automobile  insurance   companies in the United States.