Finance, business and marketing tips with happiness life balancing by travel & leisure, laughing faces, food & drink, self improvement & motivation, hobbies, no more debt and holidays!
You may have received structured settlement payments through personal injury or workers’ compensation claims. You may be wondering if you should try to sell your settlement payments in exchange for a lump sum of cash. Be aware, however, that despite the claims of advertisers, the selling your structured settlement may not always be possible – and even if it is possible, it may not be an economically wise decision. There are some benefits to selling structured settlements, but also some hidden costs of which you should be aware.
Tip #1: Make a Wise Settlement Decision from the Beginning
If you have the option, it is always best to make a decision about receiving structured settlement payments from the start. You may, from the beginning, choose to press for a lump sum payment vs. periodic payments. This is not just black and white either – you may negotiate for a combination agreement. You may want to get a smaller lump sum plus periodic payments, or decide that you will need a lump sum at a future date. You may want to consult with a tax adviser and see what arrangement makes the most sense from a tax perspective. If you are in this stage of the settlement, remember: now is your best time to decide. Should you decide to sell your structured settlement at a future date, you will be losing a percentage of your money to companies that buy those structured settlement payments. (more…)
The web is awash with articles and systems that claim to help people pay off their debts, but only three systems are widely used, and one of them is far more effective than the others.
Constant Payments On Every Account.
This is the simplest method and is perhaps the one that used by most people who bother to use any system at all, but it’s not very financially effective, and is not recommended.
Using the constant payments method, you keep making the same payments every month regardless of the amount that’s requested.
To demonstrate why this method is not monetarily very efficient, let’s imagine a card with a balance of $4,500 and an interest rate of 15%, which would mean payments of approximately $180 per month, and a second card with a balance of $6,700 at 18% interest, and a minimum monthly payment of $268. (more…)
If you are in debt up to your eyeballs and can’t see the light at the end of the tunnel. Here a bit of good news though; you can get yourself out of debt. It takes a few steps, some time and a little bit of perseverance. As long as; you dedicate yourself to the steps I’m going to out line you can be out of debt in one to two years. That may seem like a long time, but take into consideration that a bad debt or a bankruptcy can take up to 7 years to come off your credit report.
Can A Creditor Sue Me For Unsecured Debt – Advice On Being Sued For Unsecured Debt
By: K D Garrow
First of all we need to be clear about what is meant by unsecured debt. Most loans and debts will fall into one of two categories, secured or unsecured. A secured loan is secured against some asset you own, usually your home. What it means is that if you default on the loan, you can lose the asset. A mortgage is a loan secured against your house, and if you fail to keep up payments, your home can be sold to repay the debt. If you own your own home, It is generally much easier to get a secured loan, because the lender knows that even if you default on payment they can get their money back by selling your home. Loans can also be secured against other property, such as your car. (more…)
VA mortgage loans have proved to be very beneficial for veterans and a veteran can now enjoy a dream home of his own. The main advantage of VA mortgage loans is you don’t have to make any down payment. VA mortgage loan scams are on the rise and consumers are required to keep track of the proceedings while opting for a veteran mortgage loan. (more…)
Loan Modification Still the Best Option for Avoiding Foreclosure
By: Bridget Toomey
According to the latest data coming out of the US housing market, foreclosures have risen to record figures in the first quarter of 2009. More than 800,000 properties received a default or auction notice which is a 24% rise from last year. With industry watchers saying foreclosures have not peaked as yet in the nation, more and more lenders are likely to file foreclosure notices in the coming months. (more…)
