Senior and Debt Collection

Below is a link to a post about the struggles seniors have with debt collection. I am not surprised by this article’s news. Getting your parent’s financial and legal affairs in order will protect them from the predatory elements in the business world.

With his memory loss, Dad has trouble remembering to pay his bills, and his health insurance went unpaid at one point before I suggested to him that I help him set up autopay. In fact, each month Dad and I sit down together and pay his bills and balance his checkbook. Some of his bills are on autopay which simplifies the process for Dad.

The autopay option also helps me sleep better at night. Although I have power of attorney and can pay Dad’s bills for him if needed, I’m not looking forward to the day that occurs because Dad will probably be in the hospital and paying bills will likely be the last thing on my mind.

http://www.bankrate.com/financing/senior-living/debt-collection-tops-senior-woes/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s