Browsing Category: "Financial Press Release"
Recent research from price comparison site moneysupermarket reveals that only one in seven Brits consider Payment Protection Insurance (PPI) as crucial and almost a quarter do not know what it is.
Braintree, Essex () October 8, 2008 -- Recent research from price comparison site moneysupermarket reveals that only one in seven Brits consider Payment Protection Insurance (PPI) as crucial and almost a quarter do not know what it is. "This is extremely concerning," says PPI lobbyist Sara-Ann Burgess from Burgesses, "PPI is a financial lifeline and could make the difference between keeping and losing your home if you're made redundant."
Sara-Ann Burgess, MD Burgesses
provides a monthly income, to either pay bills or the mortgage, if the policyholder is unable to work due to accident, sickness or unemployment. Policies generally pay out for up to a year and some providers give back to day one benefits, health and employment support services and Legal Expenses cover.
Premiums are costed out per £100 of monthly cover, so purchasers looking for income protection work out their monthly outgoings and calculate how much they need from their policy to meet their financial commitments. Similarly, mortgage protection covers the monthly mortgage repayments and loan protection meets the monthly cost of any loan commitments.
Policies are now available to everyone as independent PPI provider, , recently added products for people in shared ownership schemes and rented accommodation to its range.
Research also shows that 10% of respondents would buy PPI if they felt their job was under threat and people in the finance and business sectors are more likely to have policies, closely followed by those in construction and manufacturing.
Sara-Ann comments: "Don't wait until your job is under threat to buy a policy - you may be excluded from making a claim if the insurer finds you were under the threat of redundancy at the time of purchase. Shop around as High Street providers do not always offer the best deals re; the cover they offer or prices they charge. Prices for unemployment cover with Independents start at £3.40 per £100 for Income and Loan Protection, and £1.60 per £100 for Mortgage."
She concludes: "People need to be more aware of the benefits of PPI - those who are unaware of the financial protection it provides could be putting themselves and their families at risk. In this case, ignorance isn't bliss."
Through negotiating placement on the IRS' Currently Not Collectible status, The Tax Lady Roni Deutch, and her team of skilled attorneys, were able to end collection activity against a group of taxpayers owing the IRS $2.1 million in aggregate.
North Highlands, CA () October 9, 2008 -- In September 2008, The Tax Lady Roni Deutch and her law firm negotiated placement on the IRS' Currently Not Collectible status for a group of taxpayers owing the IRS over $2.1 million in aggregate.
"Every day it seems like there is a story in the news about how the American economy is collapsing. The other day I read a study that said that 8 out of every 10 Americans are stressed about the economy and their personal finances," claims Roni Deutch. "From sky high gas prices and increasing unemployment rates, many taxpayers are now finding themselves unable to meet basic living expenses. If this hardship is coupled with a debt to the Internal Revenue Service, it is easy to understand why many of these individuals lose hope."
However, hope can be right around the corner for many individuals owing the IRS. In fact, in September 2008 alone, Ms. Deutch and her law firm, Roni Lynn Deutch, A Professional Tax Corporation represented a group of clients owing the IRS $2.1 million in aggregate. She and her tax attorneys helped these clients get placed into the IRS' Currently Not Collectible status, which recognizes the hardship the individual taxpayer is facing by shielding them from further IRS collections. These individual clients owed on average approximately $31,000 each.
Once the IRS places a taxpayer's account into Currently Not Collectible status, the IRS immediately ceases all collection activity against the taxpayer. Thus, the IRS will no longer issue collection notices, notices of intent to levy, final notices, or a notice of levy. In addition, the IRS will immediately stop any active levies on bank accounts or income, or already in place wage garnishments.
However, interest and penalties will continue to accrue until the tax liability is paid in full or expires. In addition, the IRS may issue a federal tax lien against the taxpayer to protect the outstanding debt. Finally, if the taxpayer's financial situation improves, the IRS can remove the individual from Currently Not Collectible status and ask them to begin making payments.
"When it comes to tax debt, sometimes people do not realize that they have options," explains Ms. Deutch. "The IRS is willing to negotiate, and even cease collections, if you show them that you cannot afford to fully repay your tax liability. The lawyers at my law firm are skilled at negotiating with the IRS and know how to get taxpayers the resolutions they deserve."
Placement on Currently Not Collectible status is only one of the various services that Roni Lynn Deutch, A Professional Tax Corporation offers. The firm has experienced tax lawyers specializing in tax debt relief through a variety of tax relief services including: offer in compromise, installment agreement, wage garnishment release, bank levy release, revenue officer assistance, payroll tax representation, tax account review, and full pay service.
Millions of people recognize tax attorney Roni Deutch as The Tax Lady. She has been helping taxpayers nationwide resolve their tax liabilities for seventeen years. As an industry leader, she has saved her clients tens of millions of dollars and has helped thousands of families settle their back taxes.
About Roni Lynn Deutch, A Professional Tax Corporation
Roni Lynn Deutch, A Professional Tax Corporation is a nationally recognized law firm that has been helping clients find solutions to their back tax liabilities for seventeen years. To find out more about the law firm or its IRS tax relief services, visit their website at RoniDeutch.com or call 1-888-TAX-LADY. To learn more about The Tax Lady Roni Deutch you can visit her blog or YouTube profile.
Contact:
Mathew Guiver
Roni Lynn Deutch, A Professional Tax Corporation
877-232-8477 Ext. 1914
Cambridge Credit Counseling President Christopher Viale announces Home Sweet Home initiative to help avert foreclosures and restore market stability
Agawam, MA (/ ) October 9, 2008 -- With Wall Street focused on the details of last week's bailout, millions of American homeowners continue to struggle to avoid foreclosure. Throughout Tuesday evening's Presidential debates, both candidates acknowledged the need to keep those on the verge of foreclosure in their homes. It is also important to recognize the significant number of homeowners in need of reductions in their monthly mortgage payments who are not yet facing delinquency. These are families living one financial setback away from disaster. Homeowners in this predicament are barely meeting their mortgage obligations and, as a result, have little or no discretionary income, preventing them from full participation in our economy as healthy consumers.
A number of rescue plans have recently been circulated to save American homeowners, and while they are certainly a piece of the puzzle, program costs and eligibility limit the scope of their possible effectiveness on a nationwide scale. As time runs out for ordinary Americans looking to stay in their homes, and before the credit crisis derails more of our economy, President Christopher Viale is proposing common-sense solutions from a consumer perspective. The Home Sweet Home initiative is Viale's plan to help struggling homeowners, and it ultimately provides a measure of stability to the economy. Both the private sector and the federal government would be required to take action and make reasonable concessions for the strategy to be effective, and, though it may not be appropriate for every situation, Viale believes his plan could be a lifeline for many of those currently drowning in mortgage debt.
"Everyone in a position to share their expertise - politicians, financial executives, economists and others, must come to the table to help contribute solutions to this crisis. Our agency hears from thousands of consumers every month, and we know the kind of relief they need. The federal government is providing massive amounts of aid to banks, and we need that kind of effort at the consumer level, as well. I'm confident that Home Sweet Home could be an important part of the solution," notes Viale.
to download Home Sweet Home: A Cambridge Credit Counseling Corp. Call to Action to Resolve the Foreclosure Crisis
ABOUT CAMBRIDGE CREDIT COUNSELING CORP.
Cambridge Credit Counseling Corp. is a professional debt counseling agency dedicated to educating young adults on the importance of sound financial management and providing financially distressed Americans with education and debt management services appropriate to their needs. For more information on this article or to schedule an interview, please call 413-821-6919.
Visit Cambridge Credit Counseling Corp. online at . To learn more about Cambridge and the community, please visit . or check out the Cambridge Credit Counseling Corp. financial literacy blog at .
Contact:
Christopher Viale
Cambridge Credit Counseling Corp.
413.821.6919
cviale @ cambridgecredit.org