The Dangers of Being Underinsured

Summary: With the right amount of insurance, a person or a family can get through just about any situation or crisis that may arise.

With the right amount of insurance, a person or a family can get through just about any situation or crisis that may arise. In contrast, being underinsured can prove to be a disaster. The following looks briefly at some of the dangers associated with not having enough insurance, and how to make sure you are safeguarding against some unfortunate possibilities.

Losing Your Home

Without adequate insurance coverage you may be at risk of losing your home. For example, if your home suffers extensive damage during a storm and yet you are only partially covered by your insurance, you may be forced to move out of your home until you can come up with the extra money to pay for the repairs.

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Are Online Surveys for Money Fraudulent in Nature?

Not all online surveys for money are fraudulent in nature but you should always keep a check on the website that you are filling online surveys in. If the online survey for money offer seems to good to be true, chances are that they might be fraudulent in nature.

These are the following steps that one should always keep in mind before filling online surveys for money:

• The payment varies from $0.5 to $5 for every survey that you undertake. If any website promises to pay you more than this, you should start getting a little circumspect. This is the first red flag and you should do a background check before continuing further.
• If an online survey is asking for investment upfront so that you can take online surveys and get a return on your investment, never fall for the bait. There is a high probability again that the website is fraudulent in nature.

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How to Plan Your Professional Development

Having a development plan is essential if you wish to get ahead in your career. Firstly, it focuses your mind and gives you a tangible set of actions to work towards in your job. Research shows that those who write their goals down are far more likely to achieve them. Secondly, it shows your employer that you are serious about getting ahead and have future leadership potential. Finally, it gives you and your manager a framework against which your development can be measured.

Write Down Your Goals
Take time to sit down alone and identify your objectives and goals for your career within your organisation. Break these down into a series of one-year, three-year and five-year goals. Alongside these, build in a series of SMART (specific, measurable, achievable, realistic and time-bound) goals, to focus your endeavours and ensure you achieve your objectives. Also have a ten-year plan in place for your longer-term career objectives.

Write down details of any additional skills or work experience you need to meet your objectives. Use this to plan your search for courses and training you might need, such as professional development conferences, networking groups, qualifications and more. Think about projects you might like to volunteer for within the company, as these are a great way to get noticed. You can then start to develop a timeline against which you'll plot your goals and tasks. Set up calendar updates to keep track.

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How to Avoid Negative Credit Ratings

Before providing credit or fast cash loans, a company will look at an applicant’s credit rating. If the applicant has a bad credit rating, the loan will be refused. In order to obtain loans of any kind, from home loans to payday loans, it is vital that a good credit rating is maintained.

What is a credit rating?

A credit rating is a number that is used by companies to determine if a person is likely to repay a debt on time. The rating applies to people over 18 and looks at their history of paying debt, bills and loans.

What is a credit report?

A credit report is information from a credit agency that lists a person’s history of paying loans and bills. It includes personal details, such as name, address and date of birth. It also provides a list of loans a person has applied for, details of bills which have been overdue for over 60 days where debt collection has begun, bankruptcies, debt and insolvency agreements. A credit rating is based on the credit report.

Why is a credit report important?

A credit report is important because it determines whether a loan will be approved. Banks, loan agencies, shops and credit unions, use credit reports to decide whether to lend an applicant some amount of money. They are also used to determine how much money is lent.

How to avoid a bad credit rating

There are several ways to avoid a bad credit rating:
• Pay bills on time
• Pay credit cards on time
• Make payment arrangements if in financial difficulty

1. Pay bills on time
Paying bills such as electricity, gas and water bills on time will improve credit rating. Paying these bills over 60 days late will cause bad credit. If a bill is unpaid after 60 days, debt collectors are usually called. This action will be listed on a credit report and damage a credit rating.

2. Pay credit cards on time
Paying credit cards on time, or before they are due will improve credit. Carrying a large credit card bill will not only result in paying large amounts of interest, it will also damage a credit rating. It is important to use credit cards wisely and not end up with large debts that eat up finances and make borrowing money difficult.  
3. Make payment arrangements
One painless way to avoid bad credit is to make payment arrangements with companies when in financial difficulty. For example, if the electricity bill is higher than expected and finances are tight, the payer can talk to the company about a payment plan. These plans will not harm the payer’s credit rating. Most companies will come to payment agreements if asked.

Avoiding a bad credit rating is simple with organisation and good budgeting. With a good credit rating fast cash loans, payday loans, home loans and personal loans are available. It is worthwhile to avoid a bad rating so that future investments such as a home or a car can be bought with ease by obtaining a loan.

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Understanding Both Sides of the Litigation Debate

This post will discuss the two opposing sides about Litigation Debate.

Legal action is becoming more prevalent and both professionals and consumers are wondering who it benefits. It is certainly not a course of action to be taken lightly, as it can come at a huge financial and personal cost. We take a look here at legal action, which can be anything from workers compensation claims to medical malpractice.

Deciding on Litigation

Taking legal action against another party can be a costly exercise for all involved, so it pays to make sure that litigation is the right course of action. There are other options, such as mediation, negotiation, conciliation and arbitration. So, instead of diving straight into litigation, speak to a lawyer who can advise you on your specific situation. There are strict time limits regarding when litigation can be launched and these apply from when the incident occurred. So, for example, the time limit for personal damages claims from car accidents is three years.

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