|Posted by Edna & Roger Boisjoli on January 22, 2013 at 3:25 PM|
Taking charge of your finances is a great way to kick off 2013. The following tips are designed to help you survey where you are, diagnose any potential problems and with the help of your law firm, resolve legal issues.
1. Review Your Credit Report – The best way to monitor your financial history and ensure the accuracy of your credit score is by reviewing your credit reports each year. In the United States, the Fair Credit Reporting Act (FCRA) requires that the three consumer credit reporting agencies—Equifax, Experian, and TransUnion—provide you with a free copy of their report once every 12 months. You may order your free annual credit report online at annualcreditreport.com (https://www.annualcreditreport.com/cra/index.jsp) or by calling 1-877-322-8228. Canadians may view the Financial Consumer Agency of Canada website by here (http://www.fcac-acfc.gc.ca/eng/consumers/creditloans/reportScores/index-eng.asp). The FCAC website offers information on how to obtain credit reports and correct errors. If you need assistance correcting inaccurate information on your report, call your law firm today.
2. Check Your Mail – Monitor your bills and any collection notices carefully. Ignoring collection notices will only lead to headaches, increased fees and potential legal action including wage garnishment. Even if you cannot afford to pay a bill in full, working out a reasonable payment plan with the lender or collection agency may buy you time and save you money in the long run. If you need assistance working out a payment plan or disputing an inaccurate bill, call your law firm and speak with an attorney.
3. Review Your Insurance Coverage – You need to periodically review your policies to insure they cover the essential investments in your property, changes in your life and recent purchases. If you need help deciphering the terms of a policy or disputing a denied claim.
4. Start Preparing Your Taxes – Don’t wait until the last minute to prepare your tax return. In the rush to complete returns last minute, many filers omit deductions or overpay. Taking your time early in the year, organizing paper work and carefully reviewing returns will help make sure your filing is accurate.