Financial Ratios Asset Management; Anyone ever use one of those debt management or debt settlement companies before?

Part three of a multipart example on how to calculate basic financial ratios. This part focuses on asset management ratios — inventory turnover, days sales outstanding, fixed asset turnover, and total asset turnover.
Video Rating: 4 / 5

Question by donna jean: Anyone ever use one of those debt management or debt settlement companies before?
If so, which company did you use and how was your experience with them? Any info would be appreciated.

Best answer:

Answer by Debt Guru
I personally know a friend of mine who has been through the program and saved over $ 12000. According to her, they were the best available company out there (considering there are new firms opening every day, and each one promises miracles). The counselors were the best in explaining the process and how it compares to other available options.

They even have credit repair solutions for you once you finish the program so that you can get back on your feet. Moreover, the founders are Stanford Business School graduates, I don’t think they would operate a fly by night operation.

Do your own research, check on the Better Business Bureau. Do a google search about the company and you will find much information that way.

Check them out at http://www.freedomdebtrelief.com

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Health Care Reform: The Hank Factor; Can an employer start deducting health insurance before I have it?

In which John, who is kind of a fiscal conservative, uses the example of Hank to show how the current American health care system disincentivizes economic growth and entrepreneurship and argues that a public insurance option (even like the hodgepodge one in Montana) does not result in public bankruptcy but a more efficient and productive economy. Our community lives at www.nerdfighters.com
Video Rating: 4 / 5

Question by : Can an employer start deducting health insurance before I have it?
I recently applied for health insurance and my employer started deducting for it before my insurance kicked in. Example: I do not get insurance benefits until May 1 but I am already having it deducted from my paycheck.

Best answer:

Answer by A Hunch
Yes, you are prepaying your insurance.
April deductions is for May premiums
May deductions are for June premiums

If you do not continue working (you leave in August but paid for Sept), the employer can refund your money or continue the insurance for one month when you are no longer working.

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