I am waiting for a life insurance check but unfortunatly the bills do'nt stop is there anyway to get an advance of money until the check comes in
2006-11-27 11:08:41 · 5 answers · asked by daman7932 1 in Business & Finance ➔ Insurance
If you can't get the money from the insurer fast enough but have proof that money is on the way, you may be able to go to a PayDay lender and see if you can arrange a short term loan through them.
They often operate in lower income areas where many workers are living check to check and need advances to buy the stuff they want and can't wait for.
If you have proof of insuance money coming, that may all the PayDay lenders need.
However, note that this will not come free. There will be high fees and interest.
2006-11-27 16:41:48 · answer #1 · answered by markmywordz 5 · 0⤊ 0⤋
Insurance companies typically provide for the beneficiary within 7-10 business days of receiving the death certificate, either in the form of a cashiers check or a check book for an account against which checks can be written.
Call the claims department of the insurance company to find out what the hold up is. If you don't get immediate satisfaction, call the consumer affairs department of your state department of insurance. You'll get action fast.
2006-11-28 00:26:33 · answer #2 · answered by SafetyDancer 5 · 0⤊ 0⤋
Check with the insurance company. Some will give $5000-10,000 immediately to help with expenses such as the funeral. If you need more than that, you may need to talk with them to see if they need any additional information from you and about doing a direct deposit rather than waiting on a physical check.
In the meantime, talk to the creditors and explain the situation. Typically, as long as you keep them informed as to what is going on, MOST will work with you. I know that's the last thing you need right now is to deal with stressful collectors, but talking to them is better than ignoring them.
2006-11-27 20:39:00 · answer #3 · answered by Karen T 3 · 0⤊ 0⤋
Usually if the claim is straightforward, they'd advance $10,000 or so . . . you should call the company and/or the agent, and let them know you could use an advance.
OTOH, the bills will wait a month or so for the payout to get in . . .
2006-11-28 10:04:19 · answer #4 · answered by Anonymous 7 · 0⤊ 0⤋
Contact the company. There are companies that will give you a loan against your settlement, but their interest rates are usurious.
2006-11-27 19:16:36 · answer #5 · answered by Anonymous · 0⤊ 0⤋