Thursday, January 3, 2008
Mesothelioma settlements
Unfortunately, mesothelioma settlements are rare. If you are one of those who is entitled to a mesothelioma settlement, consider yourself HIGHLY lucky. Mesothelioma is a disease of the lungs caused by exposure to asbestos. Recovery, and therefore, cash settlement, in these cases, is a rather new concept, even though the injury has been going on for some time now. If you have a Mesothelioma settlement and are entitled to cash from settlement, then you are already ahead of the game. You must now decide how much of that money you basically want to cash in at a discounted rate. Most Mesothelioma settlements that go to court end up yielding about 6 million for the plaintiff. How pressing is the need for an injured person to cash out on their Mesothelioma settlement? Mesothelioma is unique in that is a cumulative ailment and things will not seem bad until enough damage has been done. But once that damage has been done, it might force you out of your job. It certainly is no "loss of vision," but Mesothelioma settlements are very serious. In the case of a Mesothelioma injury, you should really contact an attorney.
Wednesday, January 2, 2008
Structured Settlements: Not an IRS settlement or a credit settlement
One should always look for a few things in a company who will give you cash for your settlement. Keep in mind that a settlement cash advance can be made by many reputable companies. Why should you resort to using a fly-by-night operation? In all likelihood, you will probably get less from one of the major companies than a rather small operation. There is more money spent on advertising and keeping the company afloat. However, keep in mind that they are also more reliable. You are more likely to be guided through the process. Keep in mind that a cash settled account is not like a credit settlement, a loan settlement, or an IRS settlement. You are ENTITLED to that money. Thus, you have the upper hand to some extent. In the other settlement cases, you OWE those companies money and they can force you into bankruptcy or larger payments if you do not settle properly. But this is YOUR money. If you want cash for structured settlement and to get cash for structured settlement payment, then you have to go to the major players.
Legality of buying and selling cash settlements
Is it legal to buy and sell cash settlements? Is it legal to buy and sell one's rights away like this? Of course it is. The basis of your rights is a contract with the insurance company, and contracts can almost always be bought, sold, and assigned. You don't even have to sell your entire, or all, of your cash settlement. If you only need, say, 30k of a 80k note, you may want to sell that 30k at a discount and receive 20k dollars now. This may be because you have immediate needs, but you still want the rest of the money in monthly payments (because you will get more money if it is stretched out over time). Next, I will discuss what characteristics you should look for in a company, whether you are in Los Angeles, Chicago, Detroit, Tampa, or Houston.
How Cash Settlement Works and Compensation from Insurance Companies
Who are you normally entitled to compensation from? The insurance companies. They have actuaries that determine the seriousness and likelihood and injuries and assign values to what those likelihoods are. But formulae cannot always account for lost vision, missing limbs, or a general alienation from your family. The insurance companies structure cash settlements based upon how serious they think your injury is. A cash settlement can be in your best interest if you have pressing needs and if the injuries are more serious and do not keep you off the job. You are basically looking for a company that will pay you top dollar for your "note." A note is basically your legal entitlement to be paid over time. A note is assigned in the cash settlements process and then the company buying that note has the legal right to collect that money from the insurance company. The company may be J.G. Wentworth, Peachtree Settlement Funding, or others. What should you look for in a cash settlement company? That comes next...
Structured Settlements-Cash Structured Payouts
Cash settlements are also known by other names in the field including structured settlements and cash structured payouts and cash structured payments. There are companies out there that will give you cash for your settlement. What does all this mean? Here is a brief introduction to gettish cash for structured settlements. A structured settlement is basically a lump sum payment for something which you would normally get over time, only at a lower rate. What does this mean in english? This means, for example, if I am entitled to $30,000 dollars over 10 years, I may prefer to get $20,000 dollars right now. Why do I prefer this? Because I get my money NOW. This is common with people who have won lawsuits in personal injury cases. The injured may think he will finally get compensated when he walks out the courtroom. He thinks he'll get his big payday and will be waiting for that $300,000 check. The truth? He will get that money over a period of time. A cash structured settlement is a way for the person who won that lawsuit to get his money NOW. After all, the man or woman probably has bills and a mortgage that need to be paid NOW. So there are companies out there that will pay her to stave off those creditors NOW. How does this all happen? There are people and companies called note buyers or structured settlement companies. More to come...
Money and Cash Settlements From Lawsuits Advice (Settlement)
In this blog I will be posting about how people can more quickly procure the money they have rightfully owned through the lawsuit process. It seems to me to be rather unjustifiable that people would have to spend dollar after dollar getting lawsuit money for something to which they are already entitled! Lawyers are generally a well-paid lot and the court system has really made it hard for people to recover their money. As such, I would like to help out by suggesting resources for settlements involving cash, especially with injured persons and injuries over which people have had no control. We've all seen those J.G. Wenworth commercials. Now it's time for people to know how to really control the money for themselves and quickly. I think it can be a quick process if done right.
Labels:
cash settlement,
cash settlements,
court,
lawsuit,
lawsuit money,
settlement,
settlements
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