![]() Medical debt can take many forms it doesn’t always show up as a hospital bill. It’s the loss of income if you lose your job due to an illness.” Understanding medical debt “It’s also all the other bills that can’t get paid while you deal with medical debt. “It’s not just about the actual medical bill,” said John Rao, an attorney with the National Consumer Law Center. More than half of adult Americans (56%) have some medical debt and a nearly quarter of the population (23%) owe more than $10,000, according to a recent study by Affordable Health Insurance, a health insurance information site. It’s an informal term for when you use bankruptcy to discharge debt incurred from a medical-related financial hardship, like injury and illness. Medical bankruptcy isn’t a specific form of bankruptcy. ![]() That means it shouldn’t be used without serious consideration. While bankruptcy protection can provide relief for those with medical debt, it also comes with negative consequences, including your ability to access credit. Your medical bills are lumped in with all of your debts. The bankruptcy process cannot limit itself to one type of debt it applies to all of your finances. Still, the term “medical bankruptcy” is more descriptive than technical. But at least he says there’s a 30 day money back guarantee IF you prove to him you tried to implement everything he taught.If you’ve ever filed for bankruptcy protection, there’s a good chance that medical expenses were a big reason why.įor instance, nearly three-fifths of debtors in a 2019 NIH study either very much, or somewhat, agreed that medical expenses contributed to their bankruptcies. So what’s the Business Lending Blueprint cost? Unfortunately like all the other gurus, you’ll need to book a call with a “coach” to find out. He gives you everything he can to make sure you’ll earn 5-6-or even 7 figures as a business funder. What’s inside the Business Lending Blueprint? You’ll get access to six video modules and weekly meetings with a 1 on 1 coach plus access to Oz’s collateral, contracts, scripts, and preferred lenders. I know you have to buy his program to fill in the gaps, but damn, a bit more than a 40,000 foot view would be nice. Honestly, I know gurus have a habit of oversimplifying things…but this feels like a new level of oversimplification. From there just do it over and over again the same way. And according to Oz, that’s all you need to do, once they’re funded, you’ll get a commission check in just a few days. Step three: get offers from a variety of lenders and help them pick the best one. Step two: Qualify them based on their age in business, credit score, and revenue. Step one: Find businesses that need money. ![]() People can then have their money in just 24-48hrs and you’ll get anywhere from $1500-$5000 per deal.Īnd what are the steps? Glad you asked. Demand for something like this is going through the roof and Oz claims you can get anyone approved regardless of credit score (sounds like 2008 waiting to happen). This is where alternative lending (aka creative) comes into play. Not to mention all the paperwork and headaches that come with it. They try going to banks, but the banks turn them down or give them less than they need. Why lending? Well, Oz explains how most small businesses that you often patron can’t ever get enough money and often need loans to operate. Ok, so let’s talk about the business model. The Business Lending Blueprint course has about 1700 active members and he appears to have lots of screenshots of their success. Oz Konar has a relatively small team of VA’s (virtual assistants) that he works with. To date, he’s spoken on stages, held masterminds, and of course… coaches. And while I don’t think he’s fake…he seems oddly insecure having to prove all this. After that he shows you a couple pics to try and prove he isn’t a fake guru. Look, don’t let that fool you, it’s common knowledge now that gurus pay for those puff pieces and Forbes is ok with selling out. To try and establish his credibility early, he immediately shows you his Forbes article. Even if you’ve never been in business before. In the training, it promises to show you a path where you could earn $15-20k per month as a business loan broker in just 2 months time. If you’ve ever clicked on one of Oz’s ads to sign up for his “free” training, you’ll be sent to his Local Marketing Stars website. But is it all that simple? Is he trustworthy? What are some of the downsides? Scroll down for my Business Lending Blueprint review. He says you can do this with “zero” money, no business loan broker industry experience, or expertise. Oguz “Oz” Konar plans to teach you how to grow your very own lucrative, recession, and pandemic proof online business by helping small business owners get the funding they need.
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