There are hundreds of thousands of people that have no health insurance. Those without health insurance can encounter thousands of dollars in medical debt if they are diagnosed with an illness or require extensive medical testing. Even routine tests can cost upwards of several thousands of dollars and an accident has been known to disable the income of a family – leading to bankruptcy and many other financial hardships. Rest assured, there is light at the end of the tunnel of medical debt. Solutions are available in your own home, through the advice of experts and even organizations available to assist consumers facing unmanageable medical debt.
For many consumers, a debt-free lifestyle is not only a dream that may seem years away from the reality. Approximately twenty percent of Americans are living a debt free lifestyle – which is free of high interest consumer and credit card debt. These consumers have planned spending habits, established savings accounts, emergency funds and save for items that they intend to purchase –- rather than financing the item with the use of a credit card.
You too can increase your wealth while adhering to a debt-free lifestyle by following these guidelines.
Are you one of the thousands of consumers that find yourself living from paycheck to paycheck, without a budget to adhere to? For those consumers that have not established an emergency fund, tapped out all of their credit resources and are simply broke, payday loans may seem like the only solution when it comes to facing emergency or unexpected expenses.
There are many names for payday loans, cash advance loans and check advance loans. Regardless of the name these are some of the most expensive financial services that are available to consumers. When you are apply for a payday loan you are required to sign a post dated check to the institution that is lending the funds. At this time, the check is held in safekeeping in case the debtor defaults on the payment. If the payment is not made on time there can be daily interest charges of up to forty percent.
Many experts have theorized about the use of the post dated check as in most cases there are no funds within the account to cover the amount that has been borrowed. After all, the client is obtaining a payday loan as they are out of options until they receive their next pay check.