If you are struggling to meet the monthly payments on various debts and you feel overwhelmed in juggling credit cards,loans and overdrafts,you are stepping into a debt problem and a debt relief solution is needed to avoid it becomes serious and causes more financial troubles to you. Debt consolidation can be the easiest and quickest solution to settle the burden.

But,if it is the first time you try to consolidate multiple balances into single account,you may want to know what exactly is involved when you consolidate debts and whether it is a right solution for you. Below are the most common questions asked by people when they are considering debt consolidation.

1. Do I need to be a homeowner to consolidate debt?

No,it is not. Although you will get the best deal for a consolidation loan at the lowest interest and if you have a home as collateral,you don’t need to be a homeowner to consolidate debt. Without a home as collateral,you may choose to consolidate debt through an unsecured loan. There are many good unsecured loans that you can choose to consolidate debt,especially if you have a good credit score.

Consolidate and Eliminate Debt Now!

2. Can my monthly payment be reduced after the consolidation?

Generally,debt consolidation loans carry low interest rates compared to many other forms of debts. So,if you consolidate debt into an interest rate that is lower than your existing rates,the monthly payment will be reduced. But,if you are struggling to make the monthly payments due to the total payment is greater than your monthly earnings,then you are looking for the reduce of monthly payment to a level within your financial affordability. Under this scenario,you will need to find a consolation loan with a longer repayment term so that the month repayment amount is distributed throughout the period. But,you should aware that you have to pay more in total interest if you get a consolidation loan with long payment term to consolidate debt.

3. Will my creditors stop harassing me?

Yes. In fact,the existing delinquent debts that cause the phone harassment from creditors are paid off with the new consolidation loan. Since your creditors are paid,they won’t call you anymore. As long as you follow the payment schedule of the new loan that use to consolidate debt,you will be debt free once the loan is paid off. But,if you repeat the behaviors of late or miss payment on the consolidation loan repayment,the lender of the new loan will start calling you to chase you for payment. So,once you have stopped the phone harassment from creditors with debt consolidation,don’t let it happens again.

Don't Let Your Debt Consume You

4. Will my credit rating be affected if I consolidate debt?

Debt consolidation won’t affect your credit score. As long as you make the loan repayment on time and don’t create new debt that can causes problem to you,your credit rating will not be affected. In fact,it will improve your credit rating by paying off the problematic debt with a new loan.

Consolidate and Eliminate Debt Now!

Summary

Many people will ask the above common questions before they choose to consolidate debt. The answers to these questions will help you decide whether the debt consolidation is a right solution for you.

Riding a motorcycle can be great fun. However,this doesn’t come without the risk of motorcycle accidents. Since motorcycles offer almost no protection to you on the road,it would be in your best interest to go and buy some of the best safety gear. I know living on the wild side at times can make experiences more fun,but in regards to this,it’s not worth it. No one wants to get hit by a multi-ton vehicle going 60 mph let alone getting hit by one,with almost no protection. Unless you are Superman,investing in some protection can save your life.

One of the best examples that prove this is Florida. Florida used to have some strict helmet laws but then repealed those laws. Before the repeal,Florida averaged around 160 motorcycle-related deaths per year. In 2012,the death toll was 457. That’s almost 300 extra deaths per year because people don’t like wearing helmets. This alone should show you why you need to gear up before getting on the road. Many motorcycle deaths were caused by cars not seeing them. Anyone who has been in a motorcycle accident should consult an injury lawyer.

I don’t want you to think that every accident that involves a motorcycle means certain death. Some people get really lucky and walk away just fine or only suffered a couple of scrapes. What you will notice in a lot of these situations though is that the motorcyclist most likely had on a helmet and some pads. Think about this for a second. Think back to the time when you were a little kid riding a bike but fell off and injured your knee. You were in pain,bleeding,and probably wanting your parents to come and help you. This is just from falling off your bicycle as a kid. Imagine what would happen to your body if it was sliding down the road at 60 mph without any protection. You would be in a world of pain as well as having to go to the hospital.

This is why it’s never worth it to go riding on your motorcycle without some protection. I know we all like to think we are invincible and when we hear these horror stories about what happened to other people,we believe that it won’t happen to us. But the truth is,is that we are not invincible. Yes,the human body is pretty durable. But it’s not durable enough to withstand running into a vehicle or sliding across the road. Do yourself a favor and invest in some equipment. Your body will thank you later.

Technology has changed vastly, and sometimes small businesses can’t or won’t integrate the new tech due to cost concerns or misunderstanding of the cost-saving benefits it brings. No matter the size of your business, having a Quality business phone system is an investment necessity, and one of the best to have is the VoIP phone system.

Read below and discover why small businesses need a VoIP phone.

What is a VoIP Phone System?

VoIP stands for Voice over Internet Protocol, which came in the 1990s, and allows phone calls to go through the internet’s data network. While it isn’t a cutting-edge type of phone system, it has evolved and has become a versatile solution for phone system communications, arguably a standard type of business phone.

A VoIP can either be digital hardware or a program running on a computer or mobile device, if not a phone system in and of itself.

How VoIP Works

VoIP connects your calls to a local carrier through the internet, using a VoIP gateway, and converts your regular phone number into an internet-based connection. Essentially, VoIP phone calls work the same as a traditional phone system, but with a few differences:

• The voice is transformed into raw data
• The data is compressed in real-time, converting them into data packets
• The packets travel to the VoIP service provider via a digital signal and are then converted and connected to the receiving phone.

How VoIP Phone Systems are Different Than a Traditional Business Phone

As mentioned in the previous section, VoIP phones and traditional phone lines have several differences:

• The hardware for a new traditional phone is expensive and bulky while VoIP can be integrated into equipment you already have.
• Traditional phones use circuit switching to make calls and only offer basic call features like ID, holding, and call waiting. VoIP transforms voice data into data packets, allowing for more options like text messaging, video conferencing, and call recording.
• Traditional landlines require expensive equipment to scale with more wiring for every growth iteration. VoIP phones can easily have additional lines implemented without being billed accordingly.
• Phone companies provide maintenance with your contract, but the amount of hardware needing regular maintenance can be staggering for a small business.
• VoIP phone systems are connected to a Cloud with maintenance being done remotely by the provider.
• Traditional phones are connected to fixed lines which can be overloaded or destroyed during natural disasters, severing a connection. VoIP phones can be immediately rerouted to other areas via the internet.

Benefits of VoIP for Small Business

VoIP phones are the most cost-effective solution for small businesses, requiring no equipment or maintenance by the company. Not only can you slash your maintenance costs, but the investment costs themselves are low as no new lines or hardware needs to be implemented. Another major benefit of using VoIP phones is their advanced features, including:

• Conference calls
• Virtual receptionist
• Hold music
• Call waiting
• Autodialer
• Voicemail to email or text 
• Video conferencing

There are many other features you can use with your VoIP company phones depending on the provider and is cheaper than traditional telephone service providers because they often have recurring charges for add-ons.

They’re also scalable and portable. With VoIP phones, you can add new team members via an account dashboard or have your team install the Right app on their smartphones, making VoIP a cost-effective and scalable phone system for your small business. Their portability allows anyone using the VoIP technology to work untethered to their desk. They are free to use other means of communication tech, such as a tablet or laptop, to access the business line. This is an excellent feature for those working remotely or traveling for business.

We at F2F Telecommunications do more than give small to medium-range businesses the VoIP phone service they need to compete without enterprise costs, we make sure they have all the data equipment too. Working with the company that is empowering Cincinnati businesses with unified communications means having your business phone systems complete and ready to go.

Explore why F2F Telecommunications leads in providing VoIP phone systems to businesses below.

F2F Telecommunications