What's the Timeline on Debt Collection? Falling behind on debt payments — like credit cards and medical bills — can be a very stressful experience. The good news is borrowers generally have some time to get things back on track before the consequences become very serious. In other words, instead of writing it off as “too late” to make a payment, there’s often a way to salvage the situation by taking action. Knowing the debt collection timeline can help you decide what to do if you find yourself in this situation. Step 1: One Month Past Due The earliest lenders can report late payments to credit bureaus is 30 days. So, if you miss a bill but are still within the 30-day window, you’ll likely only face a small late fee and possibly an APR hike from your creditor — but your credit … [Read more...] about What’s the Timeline on Debt Collection
Why Everyone Should Have a Medical Emergency Fund
Unfortunately, the COVID-19 pandemic and subsequent lockdown has affected millions of people worldwide. Perhaps it isn’t surprising then that so many are now focusing not only on their own well-being, but their plans in place to protect their health in the short and long term. As such, it’s imperative for everyone –– even those who currently have quality insurance coverage –– to start and grow a medical emergency fund. We’ll explain why here: Insurance Doesn’t Cover Everything It’s safe to say that a lot of people don’t have an intimate understanding of their insurance policy. After all, if you’re young and relatively healthy, you may not need to consider it all that often. However, it’s worth nothing now that even good insurance plans don’t cover every type of medical problem or … [Read more...] about Why Everyone Should Have a Medical Emergency Fund
Never Cut Corners with These Parts of your Business
If you are a business owner, then your main goal might be to maximise the amount of profit you have. If you want to accomplish this then you need to reduce cost where you can. It doesn’t matter whether you are trying to save on electricity or whether you are just trying to reduce the internal overheads you have because there are so many ways for you to plug the financial leaks in your business. At the same time though, it is vital that you don’t try and save on these top areas because if you do, you may end up compromising your company more than you realise. Accounting Believe it or not, professional accounting isn’t just an important part of running your company. It’s vital to your success. If you try and cut costs here, then you may find that you end up causing yourself more … [Read more...] about Never Cut Corners with These Parts of your Business
4 Clear Signs You Are Ready For Aggressive Expansion
In the wake of the lockdown being lifted, there will be a slow realization of where you stand as a business. As you look around as the dust settles, some businesses will have collapsed and others will have just barely made it. Some businesses will be in a great position, able to expand and fill in the newly created gaps in the market. If you’re not sure whether you fit into this category, there are some things that are right in front of you that will tell you whether it's too soon or just the right time. Seizing the moment before you’re really sure, might be your undoing. If you answer yes to 2 or more of these signs, it's time you put the pedal to the metal. Customers want more Are your customers asking for a solution that you currently don’t offer? Let’s say you are a clothing … [Read more...] about 4 Clear Signs You Are Ready For Aggressive Expansion
5 Reasons Why You Should be Switching to Mobile Conference Calls
Mobile conference calls are now more accessible than ever before. Since pretty much everyone has a mobile phone, it’s as simple as downloading an app, choosing a plan, and getting set up to host or join a conference call from just about anywhere in the world. There are plenty of conference calling services available to facilitate this shift, so you’ll have options to choose from. Mobile conference for iPhone and Android makes life easier. Mobile conferencing is easy, cost-effective, and flexible. The apps work on most devices, and you’ll find that the calling services offer a higher-quality audio and video feed than you might think. It’s time to ditch the landlines and move to mobile conferencing! Not convinced? Here are five reasons why you should make the switch today. 1. … [Read more...] about 5 Reasons Why You Should be Switching to Mobile Conference Calls
4 Steps For Creating A Long Term Business Plan
Setting up a business is a whirlwind journey. From drawing up your plans, to applying for funding, to opening your doors for the first time, the first few years of your business’ life are hectic and exciting. The first few years are the ones you are warned about, too; these are the years where you are expected to lose money and encounter many hurdles. Many businesses fail in this process, and it is indeed a great success to launch your own company successfully! After the first few years, you might feel as if you’ve won the war. However, getting through those precarious first few years of setting up and growing your business is just the beginning. Any long-time company owner will tell you that continuing to maintain your company’s relevance and financial progress is a marathon, not a … [Read more...] about 4 Steps For Creating A Long Term Business Plan