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Showing posts with the label financial problems

Cost of Staying Healthy on the Rise

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The federal government's approval of a 5.6% increase in health premiums has fuelled controversy and debate and is set to put households under more financial pressure in the coming year. The increase, dubbed by the Health Minister as "modest", translates into a $1.70 increase per week for a single person and $3.70 more for a family. Health Minister Tanya Plibersek says that, by comparison, the increase for consumers is significantly lower than the 9.3% increase being shouldered by insurance companies. The increase is slightly higher than last year's 5.06% hike and will be implemented from April. The Spokesperson for the Coalition, Peter Dutton, says that this increase, coupled with increases in other government policies, is putting family budgets under immense strain. He says this latest news might be taking the pressure off the government, in terms of comparisons to previous years' performances, but for the average household the news is anything but pleasing.

Choose a Debt Management Plan

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Anyone can feel miserable in life when they have to face debt related issues. The only way to better your life in such situations is by repaying your debts. Debt repayment options can be easily found these days and a person can choose the right debt repayment option in order to eliminate his debts. Choosing the right debt repayment option also helps to ensure that you do not have to declare bankruptcy in order to get rid of your debts. Keep in mind that there is plenty of debt management plans that can help you get rid of your debts in an easily manageable manner. However, you must choose the right debt management plan in order to do so because not all debt management plans are right for you. Mostly people choose a debt management plan that worked for someone they knew. Keep in mind that the debt issues you are facing and the debt issues someone else is facing can be entirely different. Therefore, a person must never choose a debt management plan after seeing it working for someone els

When Not To Choose a Debt Management Company

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People often say that hiring a debt management company is the best way to get out of your debt problems. However, that is not entirely true. The reason why people say this is that they hired the services of a debt management company to deal with their own financial problems. Now, financial problems may sound the same, but in fact, there are a lot of differences because of which, if a debt solution worked for one person, does not necessarily means that it will work for the second person as well. In the same manner, when you are looking for a debt management company, because you heard that, a debt management plan could help you get out of debts, then you should stop and do your research before you reach a logical decision. Pros and Cons of Hiring A Debt Management Company Pros The debtor does not have to deal with his creditors anymore. All of the dealings with the creditors will be taken care of by the debt management company. The debtor needs to make only one single payment again