http://www.mortgagecreditproblems.com/blog/when-a-creditor-sues-you/ Expert Advice & News on Bad Credit Mortgage, Mortgage Refinancing & Home Loans Sat, 31 Jul 2010 01:03:51 +0000 http://wordpress.org/?v=2.3.2 http://www.mortgagecreditproblems.com/blog/when-a-creditor-sues-you/#comment-1080 Gina Pogol Thu, 13 Nov 2008 19:24:03 +0000 http://www.mortgagecreditproblems.com/blog/when-a-creditor-sues-you/#comment-1080 Companies offer (and many employers subsidize) long and short term disability insurance for employees who can't work due to illness or injury. California even has state disability insurance that kicks in once you are off work for a week and it pays about 80% of your wages I believe. Unemployed people get unemployment insurance paid for by their employers. There are supplemental unemployment policies and "mortgage protection" policies sold but I would be very careful about the company I bought them from. The wrong one can be expensive and so hard to collect on that it's all but useless. A better bet is to insure yourself by setting aside at least 2 months' of expenses in an emergency fund (if self-employed, on commission, or in a risky profession 6 months is better). Companies offer (and many employers subsidize) long and short term disability insurance for employees who can’t work due to illness or injury. California even has state disability insurance that kicks in once you are off work for a week and it pays about 80% of your wages I believe. Unemployed people get unemployment insurance paid for by their employers. There are supplemental unemployment policies and “mortgage protection” policies sold but I would be very careful about the company I bought them from. The wrong one can be expensive and so hard to collect on that it’s all but useless. A better bet is to insure yourself by setting aside at least 2 months’ of expenses in an emergency fund (if self-employed, on commission, or in a risky profession 6 months is better).

]]> http://www.mortgagecreditproblems.com/blog/when-a-creditor-sues-you/#comment-1079 Anonymous Thu, 13 Nov 2008 19:09:08 +0000 http://www.mortgagecreditproblems.com/blog/when-a-creditor-sues-you/#comment-1079 Isn't there certain coverage that protects you if you become ill or unemployed? Isn’t there certain coverage that protects you if you become ill or unemployed?

]]> http://www.mortgagecreditproblems.com/blog/when-a-creditor-sues-you/#comment-1078 Janice Thu, 13 Nov 2008 19:08:11 +0000 http://www.mortgagecreditproblems.com/blog/when-a-creditor-sues-you/#comment-1078 This is really great information. A lot of consumers don't even realize that they have the powers to negotiate with their creditors, including me. :) Thanks. This is really great information. A lot of consumers don’t even realize that they have the powers to negotiate with their creditors, including me. Thanks.

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