I don’t know about you, but I really do NOT appreciate getting telemarketing calls at all hours of the day and night.  I have put my name and phone number on the National Do Not Call Registry, but I still get many telemarketing calls coming in anyway.

One of my biggest annoyances is the credit card companies calling me, trying to sell me Payment Protection Insurance.  They say that for only a few dollars a month, they will give me insurance that will pay my credit card payments for me in the event that I become too sick or injured to work.  I have heard that there are so many stipulations and exceptions to those policies that people that buy the policies have a hard time collecting on them. 

I always tell them that I am not interested in buying their insurance.  The telemarketer always tries to “overcome” my objections and puts more pressure on me to buy the insurance.  Why won’t I buy it?  Because I am on a monthly pension, and therefore my income will not stop even if I do become too sick to work!  I keep telling them to put me on their “do not call list” but the calls still keep coming in!

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My sister’s hubby was injured in a car accident a couple of months ago.  The accident was not his fault, and he has hired a lawyer to help with the settlement process.  He was badly injured and has not been able to work.  The doctors have not given him a date when he will be able to work; it might be up to a year.

In the meantime, bills need to be paid.  They are in jeopardy of losing their house because they are falling behind on the mortgage payments.  They’ve gone to the local banks and requested a loan to help out, but have been turned down because they currently have too little income to qualify.  (Because hubby can’t work right now due to his injuries.)  So, I have suggested that they look into looking into companies that do lawsuit finance advances.

Lawsuit finance advances are different than loans.  You only pay them back if you win the case.  Their interest rates ARE higher than bank loans, but they are an option to consider if you can’t get a bank loan.  A big advantage to an advance is that you don’t have to pay anything to pay it back until the lawsuit is settled, whereas in a bank loan you have to make monthly repayments immediately. 

I suggested that she shop around and see what kind of interest rates she might be able to get.

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