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When you find yourself thinking about using a credit counseling service, you need to be very careful. You need someone who will help you, not just some pushy sales assoc

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

iate who wants only to sign you up for their service.

You are about to place your financial life in someone else’s hands. Make sure you have the answers to some questions befo

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

re you do. Then make sure you like the answers to your questions. Here are some for starters:

Which of my creditors have you worked with in the past?

You have a list of your c

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

reditors. You want to compare it to the creditors they have worked

with in the past. Have they been successful working with your creditors in reducing payments,

lowering intere

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

st, and eliminating fees?

You need to know not all creditors will work with credit counselors. If all, or most, of your

creditors have, or will, you should investigate these se

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

rvices further. If not, credit counseling won’t do you much good. To protect yourself, ask for a list (in writing) of any of your creditors they have wor

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ked with in the past.

Will my creditors be paid on time each month?

Two things come into play here. What are the due dates of each creditor and when during the month d

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

o you get paid? Nothing defeats the purpose faster than paying a creditor late, after you have set up a new payment schedule.

Some credit counseling services use a s

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

et date each month to make payments from the money you have given them. If they don’t have your creditors change the due date you could be socked with la

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

te fees each month. Find a service that adjusts the due dates of your bills to work around the days you get paid.

How do I pay you each month?

The credit counsel

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

or can’t pay your creditors until you pay them each month. Will they

remove money, each month, from your account with an electronic transfer or are you

required to send them a

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

guaranteed check or money order? You want to make it as easy as

possible for this plan to work. Look for a service that will withdraw funds from your

account automatically each

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

month.

When and how often will I get statements of my accounts?

Just because you have turned over a portion of your financial life to someone else to run, does

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

not mean you don’t need to keep track of what is going on. Your statements should break down your payments so you can see where the money is going. How much is g

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

oing to interest, how much to the principal balances, and how much is being paid to the credit counseling service.

Who can I call?

When you have

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

a problem or question can you speak with someone on the phone? Are you able to speak to the same counselor each time? If not, how long do you take to returns

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

phone calls?

Do this up front. Make sure you can live with the answers you receive. Then test the service to see if they live up to what they have said

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

. Check their service out before you sign on the bottom line. If you find that you can’t get questions answered or telephone calls returned look f

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

or another service. Going through credit counseling is stressful enough without any added problems.

These questions will give you a good idea what kind of servi

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ce you have found. There are other questions you may ask. If you think of any do not hesitate to ask and don’t stop asking until you get the answers you need. It is your money.

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Merchant accounts are bank accounts specifically designed to accept credit card payments. Such payments can be made by customers at either the store itself through a credit card terminal or online through a shopping cart made in the web page of the company.

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There are two things you can do today that will have a dramatic effect on your credit scores in the days to come, do you know what they are?

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