The Cash Now Question
If you have ever been in a bind for cash you know the stress, the weight of not being able to pay your bills. In these desperate times, desperate measures are often taken. Expensive loans, overused credit cards, and a snowball of events quickly complicate your financial position. Once the collectors begin their relentless pursuit of your sanity, the road to financial prosperity seems a million miles away. On the scene arrives your hero, the "Cash Now" guy.
The "Cash Now" guy says he can buy your lawsuit settlement and give you a lump sum for it. Of course, you have to have a structured settlement; you have to be receiving annuity payments, on top of a myriad of other qualifications. So if you are a lawsuit winner with an annuity settlement, is it really as good as it seems? Can cash now ease your financial woes? Maybe, but maybe not, it all depends on your situation.
The formula is simple. Does solving your money problems today outweigh the price you pay to get an advance on your future annuity payments? For example, paying what equates to a one time 25% interest fee on $30,000 might be worth the price to save your home and avoid bankruptcy. If you are behind on credit cards, which charge you a ridiculous 24% interest rate, does it make sense then to take a lump sum option? The credit card rate is better than the discount you would pay. What if you had to give up $30,000 of your $75,000 lump sum due in 8 years? Will the $45,000 you get today make up for the 30k throw away?
Annuities and structured settlement suits were created and scheduled to meet the future needs of a recipient. The fee for accelerating those payments is exorbitant. Researching alternative options is a must, and at the end of the day, it is your sanity that makes the final argument. Is cash now an answer to your prayers? Probably not but, it is a choice on your list. And it's time to get started on that list before your bills get the better of you.
Jason M. Rigler
National Marketing Director and Guru
JasonR@ppicash.com
Prosperity Partners
www.ppicash.com
MORE RESOURCES:
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Credit cards next in line for tightening Atlanta Journal Constitution, USA - By MARK GONGLOFF As consumers watch their wealth disappear in the markets, some are also at risk of losing one of their last spending lifelines: credit ... Video: Dow Dips More Than 500 on Worries About Financia Bailout should not include price controls on low-limit credit cards Fed's new arsenal firing blanks |
US consumer credit posts worst drop ever National Post, Canada - US consumer credit plummeted by US$7.9-billion dollars in August - its sharpest drop on record, US Federal Reserve figures showed Tuesday. ... US consumer credit declines for first time in over decade Consumer Credit Drops for First Time in 10 Years US Consumer Credit Dropped by the Most on Record (Update1) |
 Providence Journal | Credit markets ease on Fed move CNN - NEW YORK (CNNMoney.com) -- Credit markets eased ever so slightly Tuesday after the Federal Reserve announced plans to help unclog the pipeline by buying up ... Credit markets still tight as stocks plunge Why This 'Credit Crisis' Hits Everyone Fed May See Lending to Companies, States as Next Crisis Fronts |
 Reuters | With Credit Drying Up, Car Buyers Bring Cash New York Times, United States - Tighter credit was a crucial factor in the stunning 26.6-percent drop in September vehicle sales in the United States. In September, sales fell below 1 ... Credit crunch hits auto market's weak link 700 US dealerships could close this year, says head of dealer group Auto dealers looking for the end of the credit crisis tunnel |
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 Thanh Nien Daily | Credit gears of commerce are still jammed Houston Chronicle, United States - By MADLEN READ AP NEW YORK — The jammed credit markets barely budged Monday as governments around the world scrambled to prop up their failing banks and ... Credit woes: More than home loans Credit still tight after House OK's bailout Credit tightens as rescue bill heads back to House |
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Corporate America Credit Union and FIMAC Reach Agreement to Offer ... MarketWatch - Based in Birmingham, Alabama, CACU has over $1.4 billion in assets, and serves the financial needs of 174 member credit unions. ... |
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The Cost of Not Having Money
The self-esteem factor of not having enough money is underestimated. You know what I mean don't you? The agony of financially struggling and the ecstasy of financial abundance are dramatically different moments in a person's life.
The Cash Now Question
If you have ever been in a bind for cash you know the stress, the weight of not being able to pay your bills. In these desperate times, desperate measures are often taken.
Structured Settlements Are Like Ants
Ants are powerful creatures. The powerful ant legs are able to lift 20 times their body weight, and run the equivalent of a man running as fast as a racehorse.
Structured Settlement as an Investment Vehicle
You always hear people talking about the latest investment vehicle they're using. It's water cooler talk, dinner table talk, phone talk, it's everywhere talk.
Unstructured Settlement
Me'Lisa Delaney, 43, is brain-injured as a result of a 1984 medical error that caused a stroke during surgery. The hospital agreed to settle via a structured settlement, as overseen by a county conservatorship.
Lucky
Have you ever looked around and wondered how everyone is buying houses? Are they really doing that much better than you are? Maybe. Maybe not.
Investing in Structured Settlements
Often some derelict will be awarded some huge amount of money from a noble company due to a run away jury in a Kangaroo Court. Since many times the company paying the money out agrees on a structured over time settlement, the plaintiff of course is a lowly human and has lots of desires for riches and he has little if any cranial capacity to understand the enormous gift the courts have grated him as our nation turns in to a socialist quagmire of re-distributing wealth to those who do not deserve it.
If This Describes You, Dont Cash out Your Annuity
There are companies that purchase future payments. Personal injury settlements are often structured to pay out over time.
Individual Voluntary Arrangements. IVA
What is an IVA?There is an alternative to bankruptcy called an "Individual Voluntary Arrangement" (IVA). This is a formal arrangement through the county court to pay an agreed amount off your debts over a shorter period.
Structured Settlement Factoring
Have you received a structured settlement recently? A structured settlement can be a good thing if you have been a victim of malfeasance, have been severely injured or can no longer physically work. Structured settlements will help you pay bills.
Consider a Structured Settlement?
Structured settlements have been around for a long time however their popularity has steadily increased over the past 6 years. In 1999 only 7% of insurance settlements that were under $7,000 were completed as structured settlements.
Structured Settlement - Guaranteed Income for those with Disabilities
Up until twenty years ago, anyone who won a lawsuit as a result of a claim involving worker's compensation, wrongful death or accident had to accept a lump sum payment as their compensation. The payment would be intended to be invested, with the beneficiary living off of the proceeds for as long as their recovery was expected to take.
What is Structured Settlement?
Because it is tailor-made for individual cases, the structure may also include some immediate payment to cover special damages. The payment is usually made through purchase of an annuity from a Life Insurance Company.
A Structured Lawsuit Settlement Seemed Like a Good Idea at One Time
You are receiving payments spread out over months, years, even a lifetime. It's great when the money arrives but the payments are often too small or too spread out to really satisfy your needs.
Structured Settlements Offer Advantages over Lump-Sum Payments
A structured settlement, which offers injury victims cash payments through a long-term annuity as compensation for their damages and medical expenses, offer a number of possible advantages over payment in a lump sum. While the lump sum payment is the traditional way for responsible parties to pay accident claims, the structured settlement offers payments over the span of an agreed-upon period of time.
Class Action Lawsuits
First of all, let me say that anyone who has been in any way hurt or injured by any other party and settled through a class action lawsuit, disregard this article. I am more interested in the little frivolous lawsuits that award pitiful amounts to offended parties who most likely had no idea they were offended.
Making Backwards Choices
I was reading this past week about a woman who lost 170 lbs in 9 months by eating backwards. She had breakfast for dinner and dinner for breakfast.
What is a Trust and what are the Benefits?
Trusts are becoming a popular way to structure business and personal affairs. If you are considering using a trust in any way, you should be clear on the legal obligations and the relationships involved.
What is a Structured Settlement
A Structured Settlement is an agreement between a personal injury victim ( a Plaintiff ) and an Insurance company ( the Defendant )to compensate the Plaintiff by the defendant with long term periodicpayments instead of a single cash lump sum.Payments can be tailored to each individual plaintiffs needs, to help meet expenses such as on-going medical and living expenses, education, children needs & support etc' The fixed annuity payments are tax-free to the claimant, a cost-of-living adjustment (COLA) feature is available, that can help offset the effects of inflation over time, payments can continue as long as the claimant lives thus providing him the maximum benefits.
When Should You Not Cash Out Your Annuity?
You should not cash out your annuity when it's not in your best interest. Here are 3 reasons it might not be in your best interest; it's too soon, you don't have a good enough reason, it will cost you too much.