Alarm bells. Warning lights. Bespectacled insurance agents jumping up and down and waving our arms. The last three years have had no shortage of dire predictions. Most have been ignored. The warnings were coming primarily from Republican leadership and insurance agents. Our motives were suspect. Though many in my industry offered possible modifications to the Patient Protection and Affordable Care Act (PPACA) to make the law more workable, the Republicans only offered to repeal the legislation, a totally impossible political grandstanding ploy. With the choice appearing to be all or nothing, the American public chose all.
The canary died last Tuesday.
The Society of Actuaries released their study on March 26th. Their prediction is an average increase of 32% in 2014 in the individual health insurance market. That is the average. New York policies may decrease an average of 13.9%. Ohio? You don’t want to know. The Society of Actuaries is looking at an 80.9% increase for Ohio individual policies.
Does this mean that your policy is going up 80%? Yes and no. If you are really, really unhealthy, your premium may be decreasing. If you are young, healthy, and have a good job – this could get ugly. If you are young, healthy, have a good job, and male – this could get very ugly.
How much of this increase will you see? The answer depends, in part, on your income. The Obama administration is counting on federal subsidies to hide the full impact. With assistance available to consumers earning up to 400% of the national poverty level, lots and lots of Americans will be getting help.
Where will all of that money come from? Individual policies will have two new fees (taxes) assessed on them as of January 1, 2014. The Reinsurance Fee adds $5.25 per insured member per month. That means that a family of four pays an additional $21 per month. The second fee is the new Market Share Fee which is projected to be an additional 2 – 3% of premium. The rest of the money will come from federal taxpayers.
The Obama administration has responded predictably to the actuaries’ report. Health and Human Services (HHS) Secretary Kathleen Sebelius admitted that “there may be a higher cost associated with getting into that market where folks will be moving into a really fully insured product for the first time.”
That moment of clarity was quickly followed by questions about the canary. The Christian Science Monitor reported that Secretary Sebelius said that “it’s too soon to talk specifics about premiums until the insurance companies submit their bids this summer”. She again predicted that the online exchanges will encourage competition which would bring down prices. And of course, the White House has questioned the motives and validity of the study.
I am particularly amused by the competition argument. Large corporations, many of them publicly traded, are going to lose millions, not by accident, but because they will be blindly caught up in a bidding war to insure our sickest Americans. A little real world capitalism is going to be a real shock to some of our Washington bureaucrats.
My own policy, a high deductible H.S.A. qualified health plan, renewed recently. My rate increased over 30% and yet, the premium is still competitive. Claims, taxes, new charges like the facility fees that are now appearing on our bills, and the incredible cost to comply with the new legislation are all contributing to this year’s increases. Next year? I suspect that 30% will be a fond memory.
Damn. Our canary died.
What is Professional Liability Insurance? Why it is not covered in a General Liability insurance policy? Why do Property Managers, Lawyers, Real Estate Agents, Architects and Travel Agents need Professional Liability insurance? Most service professionals are not aware of the financial hardship they create when the wrong terminology is interjected into a contract or an error in scheduling travel arrangements creates a costly delay. These are brief examples of occurrences that are typically covered under Professional Liability.
Professional Liability is insurance against contractual financial hardship, also known as Errors & omissions insurance (E&O). These policies offer coverage for professional service providers who inadvertently omit something or state something in a contract that causes financial hardship for one of the named contractual parties. As long as the party who created the hardship did not commit the infraction intentionally, a typical Professional Liability/Errors & Omissions insurance policy wills payout up to the policy limits. Usual policy limits are $1MM per claim with an annual aggregate payout of $2MM meaning that an insured can have 2 $1MM claims within one year and have sufficient coverage.
General Liability is coverage for a business or commercial operation protecting it against bodily injury and property damage inflicted to others by an employee or representative of the business. The best correlation is liking General Liability to Auto Liability. Auto liability insurance, required by states, pays for medical expenses and property of others, you caused and damaged, while legally operating your vehicle. This is the same principle of commercial general liability. General Liability, like auto liability, does not cover ANY type of financial hardship inflicted to others.
An important detail to look for in your Professional Liability policy, whether you are currently covered or you are shopping for your first policy, is how defense costs are paid in the event of a claim. Insurance companies offer two options: included within policy limit or paid outside of policy limits. Usually, policies with defense costs outside of the policy limits are issued from more preferred carriers for more preferred risks. When defense costs are included inside the policy limits, the policy is typically geared towards higher risks from less than preferred carriers.
Example: an architect designs an office building; begins working with a general contractor; the general contractor has time limit triggers in his contract with the project owner; due to an unforeseen design flaw/material conflict the general contractor cannot meet his contractual timeline; this costs the general contractor lost revenue of $650,000; the general contractor files a claim against the architect for lost revenue (financial hardship); the architect's Professional Liability Insurance company begins his defense; the policy limits are $1MM per claim with a $2MM aggregate; the policy states defense costs are within the limits allowing $350,000 for defense costs ($1MM less $650,000 damages = $350,000 remaining amount for legal defense); option 2, if defense costs are outside of limits, the architect would have a full $1MM to cover claims regardless of defense costs.
Professional Liability is what every service professional hopes never is never claimed against. It means the professional did not perform his/her due diligence in crafting an effective contract. However, service providers, without PL coverage, are leaving themselves open for possible large claims which could end the business they worked so hard to establish.
Comments are greatly appreciated. What do you like or dislike about this topic?
Car quote services answer many questions car buyers should consider besides price and appearance to find the right car or truck to meet your preferences and lifestyle. For example, will you need a vehicle for work, recreation or both? Who will use the vehicle the most? Is the vehicle family friendly? What is the fuel economy? What are the safety features?
Table of Top 10 Best Car Insurance Reviews (2013)
Click to Enlarge
The following are some policy attributes and policyholder benefits to look for when choosing a car insurance policy.
Roadside Response & Repair
Most car accidents and car-related incidents don't involve fatalities or grave injuries. For the most part, they are simply inconveniences that can range from waiting for a tow to
RankInsurance CompanyTotal Assets, $b (31/12/2011)
4New York Life Insurance Company (NYLIC)213.28
5Lincoln National Corporation202.91
Location, Location, Location
There are property management companies that offer property leases at locations that are strategically placed in order to provide plenty of customers. Traffic flow patterns often compliment their buildings, and these buildings are pleasant to the eye, and inviting to clients. These properties are also energy efficient and are affordable, making them ideal for your business.
It can be difficult to find properties that meet both the location need as well as the space need. However, there are plenty of available locations that do meet these specific needs. You can find places as large as 10,000 square feet.
Property management does more than offer leases to business owners. They also help take care of the building and surrounding landscape. All maintenance needs are taken care of in a reasonable amount of time, and you can rest assured that your place of business will stay at a comfortable temperature for your customers and employees—not too hot and not too cold. A management company hires the companies who clean, update, and take care of the buildings and manicured lawns. If there are any eyesores, they can be reported to the manager and they are taken care of quickly.
A good management team will also be very easy to work with. They often provide excellent customer service, putting the needs of their clients above their own. In fact, their entire business platform is to satisfy their clients just as you are trying to satisfy your own.
Retail space with Hi-Reit has on-site property managers. This means that they are physically there and ready to assist you with any maintenance need you may have.
1. CHINA LIFE INSURANCE
China Life Insurance Company Limited is an insurance company. The Company operates its businesses through individual insurance business, group insurance business and short term insurance business, which provides
As a helping and healing professional, you have a wealth of information to share. And through your Information Marketing business, you will be able to reach people far beyond the number you see in your private practice. In addition, Information Marketing can provide a lucrative stream of income that is residual in nature.
In previous articles in this series, I have discussed identifying your target market, creating a web presence, developing a free report in written and audio formats as a means of building credibility, creating an email newsletter or e-zine as an ideal "keep-in-touch" strategy, creating an E-Book and hosting teleseminars.
In this article in the series, I am going to discuss how to take the teleseminar to a higher level through hosting a Telesummit.
A Telesummit is a series of teleseminars hosted by you and in addition to having you as one of the presenters, there would also be several other presenters from complementary disciplines that you have invited to participate and who will all address the same topic from different angles. You can either interview them or have them speak on their own.
Let's use the example of a family therapist who works with parents of young children. You could have an eight part Telesummit that is entitled "How to Raise Your Children to Become Positive, Healthy, and Caring Adults". As a family therapist, you would provide your perspective for the first hour of the Telesummit. On subsequent calls (which you can schedule twice a week for four weeks), there could be presentations by a nutritionist, a developmental specialist, a recreation therapist, a physical therapist, a behavior specialist, a pediatrician, a nurse practitioner, a clergyman or woman or any number of helping or healing professionals who could lend their expertise to this subject. Each call would be about an hour in length.
How would you get participants? Start be creating a list of all the people you know from different disciplines...they can be well known or be experts who aren't in the public eye...yet. Then extend the invitation to them to be a speaker.
Would they be reimbursed for their appearance? No. Then why would they do it? Because appearing on other people's teleseminars directs listeners to their sites and is a no-cost way of marketing themselves. It is great publicity.
What could you charge for the event? You could charge anywhere from $79 for the series to $159. Having well-known experts will, of course, command you the higher sale price.
Follow all the same information for hosting a teleseminar that I gave in Part 7 and apply it to the Telesummit along with these other points:
- Come up with a theme or topic
- Set the dates and time (same time for each call)
- Invite your speakers
- Once they agree, get their bios and photos. Send them the call date and time, the bridge line information and make sure to include the moderator code if there is one as you want them to call in on this. Be sure to send gentle reminders before the event.
- Have your web designer design a one-page "sales page" that lists all the pertinent information (but NOT the call-in number) and lists all the speakers and their bios. People will be able to sign up from this page. Also have your webmaster create a database to capture the names and email addresses of those who are signing up for the call if you are not using a shopping cart system or a system like AWeber.
- If you do not have a shopping cart, there are other alternatives to have people pay for the teleseminar like Pay Pal or Authorize.net.
- Make sure to let people know that you will provide them a link to the recording of the call if they cannot attend live...this will up the rate of people signing up because listening live is not the only option. After the Telesummit is over, provide the link for replay to everyone who signed up and paid.
- Send reminders of the call a few days before, a day before and the day of.
- Make sure to get on the line at least 15 minutes before the call to make sure everything is working well. Ask the other speakers to get on the line with you about 5 minutes before the call.
- Mute all callers before you begin.
- Remember to turn on the recording for the teleseminar. Use a back up recording program if possible.
By the way, some people offer the Telesummit for free to those who listen live but offer the recordings at the prices suggested earlier. You can package the Telesummit as one of your information products and promote it for as long as you like after the event.
Then promote, promote, promote. Feature the Telesummit in your E-zine and on your blog. Send a solo-email blast. Ask each of the speakers to promote the event to their lists (this will help you grow your list as subscribers have to opt-in through your database).
Telesummits are great list-builders and credibility builders in addition to being a stream of income. Though they are a little more work on your part than a single teleseminar, they are well worth the time and effort.
Table of Top 10 Best Health Insurance Provider (2013)
Click to Enlarge
1. HUMANA INSURANCE
The first order was achieved by humana Insurance, humana got the great rating with Gold Award Winner.
Probably the biggest advantage of internet shopping is that it is convenient and makes shopping very smooth and easy for anyone. You do not need to move from the safety of your home or the confines of your office if you are looking to purchase something. All you have to do is make a few clicks online and you will be able to have something delivered right where you are. This convenience gives people the reason to rely on online shopping as compared to other traditional methods of shopping.
Internet shopping is very helpful because with this kind of shopping, one does not need to worry about moving from one shop to another while looking for something they might specifically like or want. On the internet, one can view many available options and this makes things very easy. You can look through many online stores within a very short period of time and you will not need to move tirelessly from one shop to another.
Since the costs of having internet shopping platforms are lower than the costs of having physical selling platforms, the prices of the items sold online also turn out to be lower. Most of the goods and services that are sold online are much cheaper than those that are sold physically or in person. The costs incurred online are not as heavy and this is good for buyers because it allows them to get more goods and services for less.
There are times when you might be planning to purchase something late in the night and you need it urgently. If you do not have an online option to purchase the item, it becomes very difficult for you because you might need to wait until the next day to be able to purchase that item. With internet shopping, you do not have to wait that long and you can make your purchases anytime during the day or night. This means that you do not have to rely on the times that the stores or shops will open or close but simply on when you can access the internet and make your order for whatever you are planning to purchase. The issue of timing is actually very beneficial if you are hoping to purchase something on a short notice.
The Upper East Edge's specialty is the truth that it is a rich borough that rests in between the East Waterway and Central Park. Central Park performs one side of this community with 59th Road and 96th Road beyond. As individuals look at the opulent realty options that are in front of their eyes, they understand that there is no any other community that has Manhattan apartments quite as unique, and proof of this is the truth that the Olsen Twins, Brad Pitt and Tom Cruise have preferred to live there. This area additionally has range on its edge due to the fact that unique individualities like P. Diddy, Eleanor Roosevelt, the Marx Brothers and Woody Allen all used to reside on the Upper East Side. For long times, numerous personalities resided in this area, yet this location is a place that has something to offer those that aren't stars and starlets.
"Gallery mile" simply takes place to be on the Upper East Side, and it includes the several well-known galleries that are prominently shown along Fifth Avenue. Just some of the excellent museums that line this well-known street are the Metropolitan Museum of Art, the Jewish Gallery, the Guggenheim Gallery, the Czech Center New York and the Cooper-Hewitt National Design Museum. Those that prefer to purchase Manhattan apartments on Carnegie Hillside will certainly be in close proximity to the City Museum of New York that is practically located right in their own yards. Don't believe that the Upper East Edge just showcases famous artists due to the fact that new craftsmans could discover a house for their productions at the Frick Collection where lower well-known European musicians are currently showing their prizes.
The museums run out this globe, but so are the restaurants and high end co-ops that don't do the location's residents the injustice of requiring them to see garages or yards in the front of these households along Central Park and Lexington Opportunity. When people set foot in Yorkville, they actually learn what diversity indicates, and they discover the meaning in an area that is replete with past and liveliness. It's the spot where Czechs, Jews, Hungarians, Germans, Lebanese, Polish, Slovaks and Irish all co-existed harmoniously during the 1800s and 1900s.
Every swank outlet owner has to have a shop on the Upper East Edge on Madison and Fifth Avenues, and every severe buyer needs to be able to say that she saw this buying district at least once. Donna Karan Nyc, Ralph Lauren, Giorgio Armani, Valentino Dress shop and Calvin Klein all have stores right here. Exists everything delegated say? Customers will certainly feel completely satisfied after they invest a successful day finding new and unique clothing they couldn't locate anywhere else, and they will likewise have the delight of seeing the fascinating personalities that walk down exchanges.
For Manhattan flats that have just the most enviable facilities, check out the Upper East Edge.
It was the day before Christmas, and as expected a major department store was overwhelmed by last minute shoppers. A very busy and lone customer service clerk was frantically trying to sort out the flood of requests from the long line of customers standing in front of her counter, when a very angry and aggressive man pushed his way to the front of the line to confront her.
"I ordered a diamond necklace from this store a month ago, and this necklace is not what I ordered." the man snapped. "It's the day before Christmas, and I'd like you to tell me what I'm supposed to do now?"
The clerk politely explained her situation and asked him to please take his proper place in line. At this suggestion, the man bellowed, "Young lady, do you know who I am?"
In response, the clerk calmly picked up the microphone for the store's public address system and said, "This is the Customer Service Desk, and we have a gentleman here who does not know who he is. If anyone can come and identify him, please do so."
The man, now furious, looked at the clerk and said, "Screw you!"
The clerk, a rather attractive and shapely young woman, smiled at him and said, "You'll have to stand in line for that as well, sir."
I don't know if this story is actually true, but I suspect it's not. However, I thought it would be fun to remind you in a humorous way that once again it's time to start thinking about the holiday shopping season.
These days, you have two choices when it comes to holiday shopping. On one hand, there are those shoppers who still enjoy the hustle and bustle of doing their holiday shopping in traditional stores. Admittedly, shopping for gifts in this manner does have a certain appeal, especially if you're one of those people who loves the festive decorations and crowds of people.
On the other hand, many shoppers now take advantage of the option to do all, or at least part of their holiday shopping online. In fact, shopping online is starting to become one of the most popular options for holiday shoppers. Why? Well, there are a number of benefits to doing your holiday shopping online. Two of the most important benefits are the ability to do last minute shopping, and the convenience of avoiding those overcrowded and hectic stores. Let's take a closer look at these and a few other advantages of holiday shopping online.
Last Minute Shopping
While there are many hard-core shoppers, who are always prepared for the holidays and generally do their shopping well in advance, many of us normally find ourselves scrambling to purchase gifts at the last minute. It should not surprise you to learn that the last minute shoppers far outnumber the well organized group, who often complete their holiday shopping months in advance. The "last minute" crowd typically includes all the chronic procrastinators, who usually put off holiday shopping until the very last minute. It also includes those well intentioned shoppers who frequently get caught by surprise with a need to purchase gifts for a few extra people at the last minute.
Fortunately, making your purchases online can take a lot of the stress out of buying last minute gifts. By far, the greatest benefit of doing your last minute shopping online is the ability to have your gifts shipped directly to friends and relatives. Many of today's available shipping options even make it possible to have your gifts arrive within 24 hours after you've made your purchase. And, if you have really deep pockets, there are even companies out there who will deliver your gifts on a day and at a time that you specify, like Christmas Eve, for example. Expect to pay a premium for these express shipping services, but it can be a worthwhile investment for last minute shoppers who would otherwise be caught empty handed.
Avoiding Holiday Crowds
Generally, the huge crowds at traditional stores can be unbelievable during the holiday season. Add to this the frustration of trying to find a parking space and then attempting to navigate to various stores, and the whole experience ends up being too stressful and chaotic.
While it's true many shoppers thrive in this chaotic environment, most people find shopping in this manner to be totally aggravating. Some shoppers may even enjoy this type of environment for brief periods of time. However, research had shown that many people have difficulty completing their holiday shopping with so much chaos surrounding them.
Shopping online provides a welcomed escape from much of the confusion that is often associated with holiday shopping at traditional stores. Online shoppers can shop when it is most convenient for them, and typically the only troubling crowd related problem you will experience is a slow loading website (normally the result of too many online visitors). Waiting for a few extra moments for a website to reload may be a little frustrating, but it is significantly less stressful than standing in line at a crowded store.
There are other benefits to shopping online, which do not necessarily pertain to the holidays, but certainly simplify the process of purchasing holiday gifts. One of these benefits is the ability to comparison shop with ease. When shopping online, comparison shopping is as easy as opening the websites for competing businesses and comparing their products and prices. This is certainly much simpler than running around from one store to another, trying to find out which store has the best price on a particular item.
Here's one final, but much less obvious benefit of shopping online: the ability to purchase items from stores all over the world. Holiday shoppers who limit themselves to traditional stores are also limiting their product choices. A shopper at a traditional store can normally only purchase items that they physically find in a store, while online shoppers can search stores around the world for a particular item. This can be particularly useful, especially if you're looking for a specific or unusual item that might otherwise be impossible to locate.
The Bottom Line
So, what's the bottom line? If you're one of those people who thrives in the hustle and bustle of the holiday season, and you don't mind fighting for parking, pushing your way through large crowds, and standing in long lines to make your purchases, then we wish you well. For all of you procrastinators out there, who are always looking for simplicity, convenience, and ease, we'll see you online. Remember, even if you wait until the very last minute, online shopping is still your smartest choice.
The reason that bankruptcy should be a last resort is that the consequences can be severe and last a significant length of time. This is mainly because it involves writing off debts without actually repaying them. But consolidation makes clearing debts immediately more practical, and with no great damage to a credit reputation
But as with all loans available, there are conditions to getting debt consolidation loans, and securing the right terms is essential if the exercise is to be of any real benefit.
So, what exactly is consolidation, and how can getting a debt consolidation loan with bad credit be of any really benefit to a borrower? While some might say taking on a new loan is a negative move, the benefits are pretty clear.
The key concept behind consolidation is that funds are secured to buy out the existing debts in one go. By clearing debts immediately, and replacing them with a single, more cost-effective and more manageable debt, the pressure to meet repayments is lessened.
Simply put, 4 individual loans will each come with 4 individual interest rates that together prove to be more expensive than a single interest rate on a single loan would be. So, a debt consolidation loan can be used to lower the pressure to meet monthly obligations.
Key Advantages of Debt Consolidation
Of course, while making monthly repayments easier to meet is a definite advantage, there are more benefits to be enjoyed. For example, even getting a debt consolidation loan with bad credit presents an opportunity to achieve an improved credit score.
This is because repaying any debt affects the credit report, and ultimately improves the credit score a borrower has. By clearing debts immediately, the improvement can be significant with 3 or 4 or 5 loans all being repaid in one go.
However, there is also a significant improvement in the debt-to-income ratio of the borrower. Depending on the terms of the debt consolidation loan, the monthly obligation can fall by as much as 50%. In some cases, the term of the loan is a lengthy 30 years. This slashes the size of the repayments, thus increasing the excess income available.
Choosing The Right Debt Consolidation Program
So, how can an applicant find the right terms, and the right consolidation program? Well, it does depend on your specific debt, but the good news is that securing a debt consolidation loan with bad credit is not a major feat. After all, the purpose of consolidation is to help bad credit borrowers anyway.
Qualifying for these loans comes down to criteria that are similar to those for regular loans, but there is usually an insistence that full-time employment be held for at least 6 months before submitting the application. The advantage of clearing debts immediately makes the wait (if necessary) worthwhile.
And like so many financial products, the best place to get a debt consolidation loan is online where a selection of professional debt consolidation companies can be found. However, check their terms and conditions closely as a fee is required for their services, which can affect the effectiveness of the consolidation agreement.
There are business directories with lists of websites that have been compiled for a particular subject, product or service. If you are planning to buy chemicals or agriculture machinery, office furniture or special software, there is specialist website for each of these products. Today, the web has become far more interesting than being just a shopping catalogue, as it is one of the best places to start browsing in one of the big business portals.
The directory is extensively used by big business portals that are superstores, advice centers and business directories all rolled into one. Thus, an online directory is used for bringing together material, services and advice from other sites and it is used to provide a central point of reference for the net users. But, if you are looking for something in particular you can make use of other parts of the directory in order to help find it quickly and efficiently.
But on the other hand, if you are interested in browsing the web, then you can find portals that will make a great starting point of your surfing. The internet is platform for a whole range of business organization working for a cause. Most of the online businesses aim their efforts on behalf of a particular group of businesses, as there are many small businesses or manufacturing industries.
However, the business directory is packed with information that can be used for the target audience. There are many small online businesses that make use of the online directory for providing links to services like insurance, financial and management advice and archives of business guides for small businesses. Thus, there are millions of businesses online that are available with interesting websites that could provide the perfect solution for your company.
Most entrepreneurs who have online businesses and are struggling to make a mark on the overcrowded internet, there are business directories available on the internet that will not only generate money but it will also bring you, your share of fame. One can also increase the website ranking and one does not need to be a techno geek or a web master in order to install the business directory scripts software. The business directory can be used for listing various corporate events, other corporate, self-employed entrepreneurs and many more.
Moreover, the online directory lets you personalize the content in the directory and you can also make sub categories so that the net users can find the information easily. There are many advantages of getting listed in paid web directory as compared to the free business directory. Paid directories are the one that are more efficient and have good page ranks and get you not only quality web traffic to your site but it also give a boost to the search engine ranking of your website. Therefore, getting listed in a quality online business directory is very important for any company who would want to boost sales with online traffic coming from the directories.
With online shopping becoming a billion-dollar market in Britain, analysts say that stores will be forced to change their business models to adapt.
Online shopping is poised to take 20p out of every UK consumer pound by the end of the year, a landmark milestone that analysts believe will make the channel a critical business for many high-street retailers. Although online shopping growth actually fell in June (the first time it has done so since 2005), the report predicts the economic downturn will encourage more consumer spend to go online, as shoppers hunt for bargains. Also, with the price of fuel at such all time highs,you have to count the cost of the shopping expedition
as well as the prices of merchandise.
In CMR's latest thought leader position for Forbes, we show that e-commerce is actually booming in China, driven by changing demographic demands, especially from Chinese youth. It is critical that companies begin to look at how to use the internet to drive sales. Not only should companies utilize the internet for marketing purposes, but they should look at it as a critical sales channel to Chinese youth who are increasingly turning to the internet to buy not just cheap items like books and DVDs but more complex and expensive products like electronics, luxury items, and clothes.
This week, comScore Networks released the first in its latest series of studies geared at examining the online shopping activity of European citizens throughout the holiday season.
The initial data shows that French retail sites experienced the largest gains in the first three weeks of the holiday seasons, highlighted by a 79 percent increase in online shopping traffic for the week ending November 26th versus the pre-holiday average.
"While cyber shopping visits rose most quickly in Germany during the first week of the holiday shopping season, online shoppers in France have since become more active," said Bob Ivins, managing director of comScore Europe.
"These gains show that consumers armed with high-speed access and positive online retail experiences are increasingly comfortable shopping online."
Ivins continues, "As online spending continues to grow and account for a larger percentage of total consumer spending, the growth in online shopping could be the difference between a good Christmas and a great Christmas for many online retailers."
Metrical analysis of the United States and Europe show trends of increased spending in online retail from last year, and the rate of transition from traditional to online shopping isn't showing signs of slowing down anytime soon.
The larger question, however, lies in what all these numbers actually mean? How do you gauge these metrics to gain insight into actual user behavior rather than just dollars spent online?
Why are shoppers spending more time online rather than in traditional retail marketplaces? Is it just a matter of price, or does product availability and comfort factor into the equation as well?
If marketers are truly serious about gearing their advertising campaigns in contextually relevant ways, it will be important to ask the "why" question more and more in response to studies like this which reflect statistics, but give little insight into gauging consumer intent.
It depends on how far one lives from the store as well as the mode of transportation used. While it is hard to beat the greenness of walking across the street to your neighborhood grocery COOP and bringing your own containers for bulk purchases and canvas bags for the short walk back home, not everyone is fortunate enough to live in such close proximity to the marketplace. Not everyone even desires to live centrally.
Living in the country, a family on Wasted was addicted to online shopping. Wasteful? Yes, however, if it weren't for the internet, they would probably still be addicted to shopping. The difference is that they would have to drive their gas guzzlers into the city to get their fix.
The US Postal Service, along with shipping giants such as Fed Ex and UPS are making the rounds anyway, driving close to most American households everyday, if not right past it. Even in the country. These services are like well-organized carpools for goods.
By the time graduation comes, the average student in the US faces $30,000 debts. This statistic means practically every graduate begins their working life in debt, and never really gets out of it. Clearing college debts, therefore, is a priority, but finding an affordable way to do so is the trick.
But through consolidation, which allows for the repayment of a number of student loans in one go, the most affordable method is available. However, there are some issues to consider before signing up to one.
The Mechanics of Consolidation Programs
The way that student loan consolidation programs work is to clear all of the existing individual college loans through a single consolidation loan. But while this may seem like replacing multiple debt with one other, there are factors that make it a highly-effective cost-reducing option.
On average, students take out between 4 and 6 loans over the course of their college careers. This means that as many as 6 interest rates and 6 different repayment schedules have to be managed. This means a complex and highly expensive financial arrangement, making the challenge of clearing college debts as difficult as it can get.
But replacing 6 loans with one creates a less complex arrangement, and because there is just one interest rate to worry about, the cost of the debt is significantly lower too. Often the student loans are replaced by a long-term consolidation loan, ensuring the monthly repayments are kept to a minimum.
The Benefits of a Program
There are several short and long-term benefits to be enjoyed by opting for a student loan consolidation program. The most obvious is that the debt accrued in college is repaid in full, but there is more to it than that.
Consolidating loans provides a chance to free up extra cash. Clearing college debts is accomplished, but the cost of repaying the consolidation loan is much lower than the original loans. If there are 6 loans with 6 different interest rates charged, the total repayments may be as high as $1,000, but this could fall to just $400 depending on terms.
Once the student loans are repaid in full, the credit score of the borrower is adjusted upwards. It does not matter than a loan was used to repay the debts. All that matters is that the individual loans were cleared. And with better scores, lower interest rates are charged on future loans.
The Affordable Repayment Option
The bottom line is, of course, that through student loan consolidation programs, crippling student debts are finally dealt with. But the terms of the program have to be right to ensure the maximum benefit is enjoyed. The lowest possible monthly repayment sum makes the deal as affordable as possible.
There are options that ensure that the repayments are kept low. The first is the interest rate, and searching for the lowest rates may require some time spent online. Thankfully, the development of comparison sites mean that chore is now easier than before.
Clearing college debts efficiently is also accomplished by choosing a consolidation loan with the longest term. This means the principal is divided into a greater number of shares, therefore greatly lowering the monthly repayment sum.
With terms as long as 30 years available, the repayments can be extremely low, and once that is accomplished, and the student loans are paid off, the pressure diminishes to almost nil.
The business, which works totally online and sells under the name "1 Month Loan", was launched in Cambridge in 2004 but moved in 2009 to Bury, where it presently employs about 50 men and women. The value of Think Finance's purchase is not being disclosed, but Fortress chief executive Kieran Moulden claimed that, as a consequence of the new finance, the corporation planned to increase its internet business 10-fold, and increase its labourforce to between 150 and 200 over the next two years. These work opportunities would all be primarily based in Bury, he added, with the village having been determined in 2009 as an great place for growth and there being no plans to move or start offices in a different place as a consequence of the company's purchase.
Payday credit is a mature industry in the Usa without a doubt there are a lot more payday lending shops than there are branches of McDonalds. The UNITED KINGDOM market is less developed but rising swiftly and is attractive to US acquirers as shown by the new arrangement by NASDAQ listed Dollar Financial Corp to purchase Purpose UK Holding the biggest UK payday lender for ?124M
Think Finance is certainly one of the USs best growing non-public businesses with three year profit growth of over 70% . Think Finance delivers revolutionary financial solutions which supply under-banked consumers with superior solutions for their financial demands mixing comfort, affordability, and transparency. Set up in 2001, Think Finance has served over 1 million buyers. The firm is privately held and backed by some of Silicon Valleys most respectable venture capital corporations, which includes Sequoia Capital and Technology Crossover Ventures. Think Finance will offer capital to support Fortresss enlargement. All of the Fortress Directors will remain with the company to direct its development.
I would describe Bob as a Conservative, right-wing Republican. He prefers Constitutionalist. He voted for Mitt Romney because he is a realist. A vote for anyone else last November was really a vote for Obama, but it was not a vote cast with pride. Paul Ryan was a welcome addition to the ticket. Bob had touted Ryan as the country’s future for years and he felt validated when the Congressman was chosen for the number two slot. That was last year. Now, March 2013, Bob was going to take crap from his friends in the middle and the left.
Paul Ryan’s budgets have always been more about politics than numbers. These are budgets designed for the campaign trail. No Ryan budget has ever had a chance of passage in the Senate. No Ryan budget could be signed by a president, especially this President. All of that is understood in advance. But this time Ryan went too far.
How far? When FOX calls out a Republican, he has officially jumped the shark.
Mr. Ryan’s new budget assumes the repeal of the Patient Protection and Affordable Care Act (PPACA). Oh sure, he retains much of the savings and revenues from ‘Obamacare” and the tax changes of the last year. He just dumps the benefits. It is as if the last election and the two long years of campaigning never happened.
Robert Anderson – business owner, Constitutionalist, American – was totally frustrated. He has taken the time to meet with our elected officials. He has explained the significant flaws in the legislation to members of both parties. But Robert, unlike Congressman Ryan, understands how doing nothing, how letting this law be enacted without needed modifications, will hurt his business. Republicans voting for the repeal of the PPACA are Republicans voting for the legislation’s enactment in its current form.
So Bob Anderson is now forced to agree with Dave Cunix, centrist Democrat. Neither the Democrats nor the Republicans want the PPACA to succeed. The Republicans won’t help to modify it because they want to be completely uninvolved. The PPACA is the key to unlimited campaign financing. The Democrats will use the failure of the PPACA to welcome a Single-Payer system.
The insurance companies who will be selling supplemental policies and taking care of the administration of this future Medicare-like program are cheering from the sidelines. Bob Anderson may be disappointed in Paul Ryan’s budget, but the politicians, left and right, are quite content.
DAVE www.bcandb.com ***
Growing your online income from nothing to a fulltime income is not only possible, but it's been done by countless of others before you. But almost everybody has the same question at the beginning:
How do I get started?
There are a million answers to that question, but this article will be about my favorite option: information marketing. Never before has there been a product class that can deliver incredible profit margins, amazing speed to market, and low competition at the same time.
But information marketing does just that.
Let's talk about this in detail:
First let me say, in no ambiguous terms, that there has never been a batter time to start growing an online income. Internet marketing is absolutely exploding... and this expansion is opening up more opportunities every day.
Even in our current recession, there are tons of online business owners pulling down big figures every week. This is because, even when money is tight, folks need certain things and still have problems they want solved.
Information marketing is one of the easiest, most profitable areas of online marketing one can get into. It's dependable, because folks always have questions they need answered by an expert. It's profitable, because you are selling ideas instead of something that needs manufacturing plants. And it's relatively simple to do, since there are so many areas where folks need quality information at a good price.
The global economy is shifting from laborers to thought workers. Commerce is fueled by those that sit behind a desk and excel and creating certain thoughts. This might sound far fetched to you... but just think about yourself or maybe those in your social circle.
Salesmen? Thought workers. Writers? Thought workers. Teachers? Thought workers. Programmers? You guessed it... thought worker.
This is what makes information marketing so profitable... all of those thought workers need ideas that will improve their craft. Then when they get home, they need ideas that will make their hobbies and social life better.
This is especially true in the wake of the decline of public education. Especially in the West, we are woefully unequipped to compete in the global marketplace. We need specialized information, offered by experts or marketers that contract experts, to even the playing field.
Add the fact that publishing has never been easier for the "little guy" and you have a recipe for huge opportunity. With nothing more than a computer and a grasp of your native language you can make all kinds of information products people would gladly pay for.
Profit margins are enormous in the information marketing business. This might be reason enough to consider it. Think about it: you never have to contract for a prototype. You never have to have a warehouse. You never have to manufacture anything, beyond a product that sits on your computer's hard drive.
And that one product will be a constant paycheck as long as somebody wants the information you have to offer.
If you haven't picked up the punch line yet, the power of information marketing is staggering. If you plan on building an online income, there isn't a better way to do it... bar none. Don't let this boat pass you by... nobody knows for sure how long the window of opportunity stays open. Hop on board while you can; there's a crowd on shore starving for your insight.
For Convenience. By using a computer program that will keep a record and monitor all the aspects of your payroll for you, you can easily distribute your workers’ salary wherever you are. You just need to have a laptop with you and all the information you need about your staff’s payment will be accessible. As a result, your employees won’t have to keep waiting for their salary, and in your case, you can focus on the other important aspects of your business.
More Accurate Forecasting. Computerized payroll service or using payroll software will allow you to see all the specific expenditures in various areas with just a click of the mouse. In case you are planning to hire another employee, you may easily gauge the impact of an additional salary on the flow of money in your company or business. This way, you could make an assessment of the viability of the decision you are to make.
Less worries on tax. During the tax season, you wouldn’t need to chase up records and pay slips which you may possibly have not kept in order. All you need to do is get a copy of the file by burning a CD or even forwarding the file to your accountant through email. What you will love about it is that you will be having a computerized record of tax that is free of any human error.
Easy to use. The processing of payroll actually requires skills and educational background. If you don’t think you can afford yet to hire a professional to handle your payroll, getting payroll software is the perfect solution. These types of software programs are meant to be very user-friendly. Plus, mkst of these programs have a troubleshooting service so that you can seek help anytime there is trouble with the software.
Availability of a back up copy. One of the most important aspects of payroll is the fact that such documents need to be kept for at least 7 years. Employers need to be able to have a copy of such records for that length of time, which can be really hard to do. But with the payroll software, you will be able to store all the necessary data and information in a very secure location, which you may also access anytime you want.
Hence, dependent on a specific company's structure, revenue assurance might be a separate department, but it can just as quickly be a wide-ranging set of responsibilities delegated to several departments or business units. What, exactly, falls inside the spectrum of revenue assurance varies between telecommunications providers due to four certain criterion:
The cross-functional elements of revenue assurance, which consists of several skills drawn from finance, marketing, IT, and other departments.
- The the demographics of generalizing across units and organizations with different types of objectives, structures, and models.
-Internal political conflict with regards to the responsibility for billing assurance, telecom fraud, revenue leakages, and so forth.
- The the demographics of accurately quantifying the value added by revenue assurance over and above that involving underlying performance.
Most obviously, no true consensus has been obtained pertaining to the exact limitations of revenue assurance and the aims and techniques of revenue assurance vary widely. Simply put, revenue assurance refers to the advancement of a telecom company's financial performance through the reduction or elimination of mistakes in data processing. Although this is commonly done through business analytics, some instances involve developing fraud management systems. However, revenue assurance generally optimizes revenue from retail and corporate sales, profitability and margins as they relate with any investment in network and information systems, and the costs and revenues from wholesale, and the interconnection of contracts.
For the majority of telecom companies, revenue assurance provides a low-cost means to generate significant financial returns. Nevertheless, this can be tough to predict and difficult to quantify, resulting in more than one skeptical executive. Though revenue assurance can be useful in other fields when correctly executed, it is more useful in the telecommunications industry for three reasons:
- The complexity of computing the collective effect of systems and processes as they interact with one another.
- The extremely high-volume and inversely low-volume of telecom transactions entails that the financial significance of slight mistakes are magnified.
- Its rapid rate of change, which facilitates intense competitiveness, and thus boosting the potential for errors.
Finally, it is important to remember that there aren't any particular guidelines or regulations concerning revenue assurance, which also implies there is no governing body to help determine the best practices. Having said that, there are three special disciplines of revenue assurance that should be exercised by a telecom provider to stimulate enhanced profitability, including:
- Monitoring, Baselining, Auditing, Synchronizing, Investigating, and Compliance-also known as the CORE functions of revenue assurance.
-The Revenue Management Chain, which decomposes a company's revenue assurance scope.
- Evaluating and reducing revenue loss risk.
There is numerous black money placed in foreign accounts. Even though the funds is delivered back to the country, it is not reported to the government and the government continues to lose revenue. No matter how the funds was obtained; illegitimately, through bureaucratic problem or political problem, it's still black money. Black money also is produced by black market. Black money has long been distributed in the formal market and in the parallel black market, which oftentimes make it hard to steer clear of the vice. Whitening of black money is very rampant, and it appears to be growing every day.
Whitening black money indicates that the government is promoting the vice, and that is the government has been doing to make certain that the vice will not spread even further. This increases tax evasion, and it promotes further acquisition of the black money. It promotes corruption as the government knows what exactly is happening, but it can't do something.
White of black money can be reduced by reducing the disincentives towards voluntary compliance. Any additional tax costs that the government charges on companies cause businesspersons avoid tax leading to black money . Confusing polices and procedures get people to evade taxes. One way of decreasing the possibilities of tax evasion and black money is minimizing a few of these laws and lowering the cost the businesspersons need to pay. The procedures needs to be made a little easy for the entrepreneurs so they don’t result in the tax evasion and underground community and black economy.
Liberalization of economy is also another way of reducing whitening of black money. Long delays in obtaining licenses and permits are what exactly make persons to end up with black money. The good thing is to reduce the long methods. Liberalization is exactly what stimulates compliance and enables the government to collect taxes and cater for all the services that its services need.
The National revenue board should be strengthened to achieve all the potential income taxpayers and this should be carried out without having bias, regardless of whether racial, political or even economical. It doesn't matter if the money is white or black. So long as the money is taxable. It should be taxed. The body that copes with corruption must be strengthened to be capable to handle all of the corruption issues.
Right now that you know what exactly lack cash is all about, you need to avoid the vice as much as possible. The judicial system is trying to have all cases executed without having bias or favor. The most crucial step that the government should take is to stop shielding the criminals and dealing accordingly with the ones that have already been caught. For the good of the economic climate, we should all condemn this.
E&O insurance is short for errors and omissions insurance. It protects a business for a services that were not provided or did not reach the expected results. It covers a business for errors or omissions made or the client perceived them to make.
All best-known professional businesses need this insurance, including lawyers, doctors, accountants, engineers, advertising agents, and web hosting companies. All businesses providing a service to their clients for a monetary charge need to have this insurance. Businesses need to consider if a service provided is not done properly, and it results in not only financial loss, but damage to the reputation of the client.
All companies make mistakes, it is a known fact. A freight forwarding company accidentally sends a time sensitive delivery to China instead of India. This results in the Indian client losing the sale, and holds the freight forwarder responsible for their loss. The client loses the sale and their reputation is tarnished. This loss is not covered by general liability policies, so alternative measures need to be created.
All companies should buy this insurance before a risk occurs. If a company knows it has professional negligence exposures, it should be included in an insurance portfolio. It also gives clients a feeling of protection, understanding they will be provided compensation for an error or omission.
There is no standard policy as various companies have different exposures. The policy needs to be read to make sure correct coverage is provided. Every business must find an insurance professional that understands the coverage and current marketplace.
E&O insurance offers protection for a business in the event a professional negligence error has caused loss to a third party and they hold the business responsible. Coverage often covers judgment, settlements, as well as defense costs. Without this insurance, if a professional negligence claim is made, it can bankrupt a business.
Christmas is approaching fast and more people than ever are using the Internet to do all of their Holiday shopping. Shopping online can save you on time, travel expenses, and you don't have to deal with crowds and long lines when you shop on the Internet. You can find some really good deals online if you look around. You can try to find a bargain on eBay or compare prices from multiple web-sites selling the same product you are interested in to get the best deal. There are literally hundreds of ways to save money online if you are a value shopper.
The Best Deals Are On The Internet
The reason you can find so many good deals online is that it costs less to run an Internet based business than a traditional retail store. The operating costs are less than a brick and mortar, less employees, and almost everything is carried out automatically by a computer. Many companies who have a traditional store location will also offer customers special deals when they shop online. Any company that wants to have a chance of getting a lot of business online must have competitive prices and compete with the global market. This translates to huge savings for the customer!
Here are 5 things that will help you get the best prices possible:
1. You need to compare prices from different companies. Sure this is obvious and is something most people do even when they do their shopping offline. The problem is that it is even more important when shopping on the Internet. You may find a deal that you really think is dirt-cheap and order it quickly only to find out another website is selling the same thing for $15-$20 dollars cheaper! Don't just make sure you are getting a good deal. Make sure you are getting the best deal!
2. Make sure the company has a good reputation. Unfortunately there are a few online stores that have poor customer service, unfavorable return policies, and are slow on shipping. Search the Internet to see if they have any negative reviews before you decide to do business with any particular company. The most important thing you can possibly do is to make sure they have a secure checkout page. Click the checkout button for the item you wish to buy and make sure that there is an "Https://" in your address bar in front of the actual website address. This means that you are doing business on an encrypted page and that your information is secure. If a checkout page does not display the "Https://" it is time to get out of there and find a more professional company!
3. Check the shipping and handling prices before you check out! The price of a given item may be dirt-cheap but the shipping might cost you an arm and a leg. Make sure you know the entire shipping and handling cost and compare it to several other websites selling similar items to make sure it is reasonable. On the other hand, there are a lot of websites that take care of the shipping and handling for free! Just be sure that you aren't overpaying for the shipping.
4. Check to make sure the company has a mailing address, a phone number, and an e-mail address you can use to get in touch with them. If any of those 3 things are missing, this is not a website you want to do business with. This is a very simple task but it's amazing how many online shoppers do not check for these basic things.
5. It's important to either use a pre-paid credit card or use a traditional credit card that has some type of consumer protection program. It's very safe shopping online but it is possible to get scammed the same as in real life. A pre-paid credit card will make sure that there are no "accidental" overcharges. They can't take out more than what is actually on the card so this is a pretty safe way to do business online.
It's important to make sure you have some type of protection if you are using a traditional credit card. You need to have some way to dispute charges and most credit card companies have a customer service department to handle claims like that. It could just be a simple computer error and your credit card company can take care of problems like that for you.
Stick to those guidelines and you are sure to have an enjoyable online shopping experience. This will make your Holiday stress-free and you will probably want to do it again next year!
Commercial liability insurance covers you for risk. Every business has some form of risk. Your risk may be so small you may not need to buy insurance. But before you make that decision for yourself, you need to know what liability insurance covers you for.
The first type of insurance you need to consider is General liability insurance. GLI covers you for accidents that damage property and injure people. There are many documented cases of millions of dollars in damages being awarded as a result of claims being brought against businesses. If you think big business is the brunt of these lawsuits, you're mistaken. Many small businesses have also been sued and been forced to pay $1 Million dollars in damages or more.
If you are a store owner that has a physical location where customers visit, you probably need GLI. If you are a building contractor or other type of independent contractor who works with expensive material or around other people, chances are you will need at a bare minimum, a general liability insurance policy.
But this policy may not be enough...
If your business gives professional advice and services, then you may also need another form of commercial insurance, called Professional Liability Insurance. This is sometimes called Indemnity insurance or Errors and Omissions Insurance.
Professional liability insurance is different than GLI but most businesses buy these polices from the same insurer. Professional liability insurance covers you for things like failure to deliver services as promised, and damages from mistakes.
Here's an example of why it is important to consider both of these types of insurance...
Let's say you run a small computer shop in your town. Customers come to you with computer problems and to buy your custom made computers and retail accessories. One day a customer is in your shop and trips over a printer cable that one of your workers left sticking out from behind a counter. They hurt their back and they are out of work for months, costing them thousands of dollars in lost wages. In addition, they have some $50,000 in medical bills that their health insurance provider will not pay, since their attorneys determined it was your fault.
Guess who's liable in this unfortunate situation? That's right, your company -- otherwise knows as YOU. In this case, if you have general liability insurance then your insurance company would cover the cost of the settlement or judgement. The policy would also cover the legal costs involved with the case. Without this policy, you could personally be responsible for all the damages as well as the legal fees.
Now let's say you had GLI and you were covered for everything from that claim. Great news, right? No so fast Bucky...
Remember that employee who was somewhat responsible for the accident? Well he was so flustered that morning that he formatted the wrong hard drive and lost all the data on your most important client's laptop. Years of crucial data, family pictures and videos, business spreadsheets, passwords, credit card information and more. All wiped out in a flash.
Does general liability insurance cover you for that?
Sorry, it does not.
For something like that your business would need professional liability insurance. Remember, that's the policy that covers businesses and contractors for mistakes. And this was a big one. The client wants $100,000 for damages in lost time and business due to the data being wiped out on his computer. Many small businesses cannot absorb a loss of this magnitude and many companies have had to close up shop due to claims like this. Don't let this happen to your business.
Now that you know what types of Commercial Liability Insurance policies are available to you and what each covers, you can prepare for situations like this. Consult with an insurance agent or broker who handles business policies and determine the types and levels of insurance that are appropriate for your specific needs. Invest in the right policies and you'll have peace of mind knowing you are covered for anything that might happen.
Finding the best Broker for Forex Trading is one of the biggest steps to getting a Forex Trading Business or extra income stream off of the ground. There are many different considerations to take into account, among those being commissions charged, spread rates, and speed of execution. Don't make a decision without evaluating your potential future Currency Trading Broker on all of these!
The way that modern Forex Trading works is that there are many different brokers in countries all over the world connected to the Interbank system over the internet. Generally speaking, if you meet the minimum requirements for acceptance by the broker, you can sign up and trade every currency under the sun, no matter what country the broker is in.
It used to be the case (and sometimes still is), that choosing a trading broker was done on the strength of relationship alone. With the nature of trading having gone from being a brick and mortar type business to a much more online, web-centered model, choosing the best Forex Trading Broker really comes down to what services the broker can provide, and what price.
Read about the future of Automated FX Trading [http://www.forex-trading-university.com] Systems
Professional Currency traders know that to trade well and profitably, they have to watch their bottom line very closely. Speed of execution and pricing considerations are paramount, and most traders will choose their trading broker accordingly. Instead of getting caught up in the hype and gimmicks of the brokerage community, they break down specifically what they need their Forex trading broker to do for them to make them the most money possible.
The key is doing some due diligence on where to get help to ease your burden. The right professionals should be able to draw a restructuring plan for your debt repayments in such a way that it will strangle your financial resources and not leave any for other basic needs. You need to find the right institution and people who will exert an effort to understand the appropriate option you can take to gradually get to the road to freedom from debt. And such is what is offered by Maple Leaf Debt Helpers, one of the country’s recognized authority when it comes to matters of debt consolidation.
And since each person’s debt situation is unique and different, there could be no uniform way of formulating methods to stay out of debt. The experts in debt consolidation will devise a plan that is specifically suited to your situation, needs and requirements. Getting rid of debt is a long-term goal involving a long-term process. And such process should have taken into consideration the over-all impact in your life as a whole. Imagine tying up a big bulk of your income to debt repayment scheme which in essence will practically send you to bankruptcy. This kind of assistance or relief is not the kind that is sensitive to the difficulties faced by people in debt like you.
Their expertise is on debt consolidation. This means that Maple Leaf Debt Helpers can help you work out your accumulated debts to be consolidated under one payment only. This can be done by availing a loan, the amount of which will cover all the existing debts including the corresponding interests. So instead of making multiple payments to multiple debtors, you only pay to one debtor. The advantage this method offers is a much lower monthly loan repayment as it will be structured based on your financial capability and this kind of loan has a low interest rate. To protect their interests, the lending institution will require a collateral against the loan and the loan tenor will be longer.
Debt consolidation is not the only available and possible way to manage your debt. Other alternatives are consumer proposal and debt settlement, both of which require help from the professionals. As a start, it will be best to avail of the credit counseling services if offered since this process will provide you with a better picture of how you stand financially considering all your debts against your income. The credit counselors will evaluate and determine your economics and offer solutions on how your debt situation can be relieved. Knowing these basics is important in making a decision as to which option may work best considering your circumstances.