Category: Blog

Civil Rights Claim Takes Three Years to Settle for $52,000

pre-settlement cash advanceThis month, the city of Northampton in Massachusetts settled a civil rights claim for $52,000. In April 2013, Jonas Correia was arrested for videotaping a scuffle between bar patrons and Northampton police. Another bystander then recorded the police’s ensuing reaction. Correia himself had been recording when officers ordered him to walk away. After refusing, they maced and tackled him. On the tape, Correia is saying “I didn’t do anything.”

The police also attempted to prevent the bystander from recording, but being an attorney, she knew she had a right to record police interactions in public. Correia was charged with resisting arrest and disorderly conduct — charges that were later dropped.

In court, Correia pointed out that without the attorney bystander’s recording of the event, he might have ended up convicted of a crime he didn’t commit — all for recording something he had a legal right to record.

“I would have been just another black man going to court, where it would have been my word against the police story,” he was quoted as saying. While Correia is content with the settlement, his attorney states that Correia would still like to institute changes so that this does not happen to anyone else.

Ultimately, Correia’s court case took three years to reach a settlement. While he may have money now, there were likely many times over the past several years where he could have used the settlement money. Most Americans are in a similar boat. About 62% of Americans aren’t able to pay for unexpected expenses, and a full 76% report living paycheck to paycheck.

The reality is, people often feel discouraged about pursuing a case when doing so will cost them money they don’t have yet — even when it’s an important issue like a civil rights claim. For people caught up in settlement cases that might take years to resolve, a pre-settlement cash advance can be useful. A pre-settlement cash advance can even help people eliminate debt and get ahead on their living expenses.

Right now, about 27% of Americans have no money saved at all. If you’re waiting for settlement money, sometimes it makes sense to cash it in and get money now.

Need Extra Cash Now? Sell Your Structured Settlement and Start Living a More Comfortable Life

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Everybody wants extra cash, but there’s a big difference between wanting extra cash and needing extra cash. When you’re in a pinch and have nowhere else to turn, your best way to get this cash is to sell your structured settlement.

Courts prefer to control how and when you get your money, but you can take back control of your financial destiny by selling a structured settlement. If you need extra cash now, you have the right to sell your structured settlement for a huge lump sum. Settlement recipients can also request cash prior to your case being resolved, which courts also typically hide from you.

If you need extra cash and want to change your life for the better, it’s time to sell your structured settlement. Here are just three of the many ways that getting cash for a settlement can help you live the life you deserve:

  • Eliminate debt once and for all. If you need extra cash, there’s a good chance you have already exhausted all of your debt through credit cards and other vices. The average household credit card balance is a whopping $7,200, making it almost impossible for most people to escape debt. Additionally, the average household is paying a total of $6,658 in interest per year, which further compounds this struggle.
  • Keep up with higher living expenses. Many people need extra cash as time goes on, because the cost of living continues to increase. Unfortunately, average salaries usually don’t keep up with these increased expenses, which can force you to run out of money in a hurry. Therefore, it’s no surprise that an estimated 62% of Americans can’t cover unexpected expenses, and a shocking 76% of Americans are currently living paycheck-to-paycheck.
  • Live the life of your dreams. Getting rid of debt when you need extra cash is important, but settlement recipients are in the unique position to obtain one large lump sum of cash, should they really need it . After you pay off debt and get some money in the bank, you can do whatever you want with this money. Buy a new car, invest in a new home, take that tropical vacation you’ve always wanted, or come up with your own special way to spend the rest of your lump sum.

Your structured settlement is completely in your control, and you should decide how and when this money gets spent. If you need extra cash, obtain a huge lump sum for your settlement and start living a more comfortable life.

What to Do Once You’ve won a Lawsuit

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Going through a lawsuit can be an awful experience, especially if it’s on the back of personal tragedy. Once you’ve gotten to the end and you’ve finally won your case, you may find yourself with access to a lot more cash than you’re used to. For many people, this can be overwhelming, especially since nearly 76% of Americans are now living paycheck to paycheck. If you’ve recently won a settlement in a lawsuit, here are a few things to keep in mind.

Try Not to Tell a Lot of People
Sometimes it can be difficult to prevent people from finding out that you’ve won a lot of money. In some states, lottery winners are required to make their name public; in the case of lawsuits, there is often accompanying press published on it. If possible, though, keep your news quiet. Otherwise, you might find a lot of “forgotten friends” looking for handouts.

Plan Ahead
It’s a good idea to look ahead at purchases you may want to finance; this can prevent you from spending impulsively right now on things you don’t need. If you need $400,000 five years from now to buy a new house, will you be prepared? What about retirement? U.S. News recommends hiring a tax account — both to plan for your financial future, and to make sure you’re not getting in trouble with the IRS.

What About Quick Cash Options?
About 65% of people indicate they would rather receive a lump sum payment rather than structured payments, which are very common in lawsuits. Wanting settlement cash now isn’t a surprising desire given the costs many Americans are dealing with — the average 2015 graduate will end up having to pay back $35,000 in student loans. A quick cash option might require paying some fees, but it ultimately allows you to escape years of building interest on your existing school or medical loans. Luckily, many companies offer cash for your settlement now, allowing you to to decide when your money will be the most useful.

If getting a lump sum for your settlement could help eliminate debt for your household, it’s worth considering as an option. Why feel hampered by your debt when you don’t need to be?

What You Should Know About Receiving a Medical Malpractice Settlement

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A recent lawsuit against Tripler Army Medical Center in Honolulu has just been settled for $9 million. The medical malpractice case stemmed from an incident in September of 2010, when a pregnant woman was taken to the hospital. The woman’s medical history stated that she had a high risk of uterine rupture, yet the physician was inexperienced and didn’t call for help when the patient’s uterus ruptured.

As a result, the woman’s baby did not receive oxygen for an extended period of time. This resulted in cerebral palsy and brain damage, lifelong disabilities that require around-the-clock care. According to the family’s attorneys, the majority of the settlement funds were used to buy an annuity, which will make monthly payments into the child’s trust for the rest of his life.

All Too Common a Story
If you’ve dealt with a medical malpractice settlement, you’re likely familiar with this story. One of the issues many have to deal with is the difficulty involved with having an annuity when they may need the cash now, instead. Your best options don’t always involve getting money years later. Medical bills can cause an untold number of problems — 25% of people say that they currently owe more in medical debt than they have saved in their emergency funds.

It is possible to get cash for your settlement now by selling off your annuity. This can allow you to pay off any outstanding debt so that it stops collecting interest. It can also help you to move forward in life, considering that the outcome of your medical issue may have held you back from doing things like purchasing a home, a car, or having the financial stability to move to a new city. About 76% of Americans are living paycheck-to-paycheck and this experience is all too familiar to those who have had to file a medical malpractice suit. Keep in mind that it can take up to 45 days to receive cash for your settlement.

Know Your Best Options
In the case of obtaining cash for a settlement, what should you expect? While you’ll pay a bit to get your cash, this can be offset by investing your money wisely. If having money now allows you to eliminate the high interest rates of current loans, or even gives you money to place in the stock market, you will likely come out even — if not ahead — overall. Some companies also offer pre-settlement cash advances for those who will be receiving a settlement, but haven’t yet. In the case of the Tripler Army Medical Center case, after all, the claimants did not see a settlement until five years after the incident occurred.

Sometimes your best options aren’t to sit and wait for the money you’ve won. Consider what a settlement payout could do for you.

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Get Cash for Your Settlement Now and Seize Control of Your Financial Destiny

cash for your settlementSettlement recipients tend to be misinformed on their rights, but here’s the truth: you can get cash for your settlement now in the form of one huge lump sum. Best of all, the way you spend this lump sum is completely up to you.

By getting cash for your settlement, you can free yourself from financial shackles. Fixed monthly payments are quite restrictive, preventing you from taking full advantage of the money that you have deservedly obtained. You have the right to access your settlement cash now, and you’d be wise to seize this opportunity.

If you’re sick and tired of waiting around for fixed monthly payments, you are not alone. It’s time to take control of your financial destiny by getting cash for your settlement. Here are just three of the many reasons to get cash for a settlement now and start living the life of your dreams:

  • Cover monthly bills
    It seems as if the cost of living increases with every passing year, and living expenses can sometimes exceed the money you receive from fixed payments. In a recent American International Group (AIG) survey, about 65% of the people said that they would rather have a lump sum payment instead of structured payments, and for good reason. Receiving a lump sum for your structured settlement will enable you to put some money in the bank and escape the daily rat race of trying to make ends meet.
  • Eliminate debt
    Speaking of putting some money in the bank, wouldn’t it be nice to see a positive number in your bank account? The average household credit card balance is a whopping $7,200, and it’s debt like this that can really inhibit your ability to live life to the fullest. By selling your settlement, you can erase years of debt in one fell swoop. On average, it takes 45 days to receive your money after selling a structured settlement. Once the money is yours, that debt total in your account will vanish forever.
  • Invest in something special
    If you’re lucky enough to have avoided debt for this long, you likely have spent every dollar you’ve ever made to accomplish this feat. Wouldn’t it be nice to buy something exciting for a change and enjoy everything life has to offer? From investing in a new home to buying that luxury car you’ve always wanted, you can start building the perfect life when you opt to get a lump sum for your structured settlement.

If your case isn’t resolved yet, you can even get pre-settlement funding to get a head start on your dream life. Talk to a settlement expert today and learn how getting cash for your settlement can change your life for the better.

Can I Sell My Structured Settlement? 3 Crucial Questions You Need to Be Asking

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Settlement recipients often have plenty of questions, but the court system doesn’t do an adequate job of explaining your rights before you accept fixed payments. Can I sell my structured settlement? Do other people sell theirs? What can I do with the money?

Asking these important questions is the first step in securing your financial future, and you need to be well-educated on all of your rights as a settlement recipient. If you want to eliminate debt, cover increased living expenses, and live the life you’ve always wanted, you can access your settlement cash now by selling your fixed payments for a huge lump sum.

Before you can take advantage of this quick cash option and start transforming your life, there’s a few essential things you need to know. Here are the first three questions you should be asking about your structured settlement:

  • Can I sell my structured settlement for a lump sum? Depending on where you live, there is a very good chance that you are eligible to sell your structured settlement for a huge lump sum. Currently, only three states (New Hampshire, Wisconsin, and Washington, D.C.) do not have Structured Settlement Protection Acts, which means that residents cannot sell their settlements. However, if you live anywhere else in the U.S., you have the right to seize control of your financial destiny and sell your structured settlement.
  • Do most people sell their structured settlements? Of course, why wouldn’t they? In a recent American International Group (AIG) survey, more than 65% of respondents said that they would rather have a lump sum payment instead of structured payments. Receiving tiny fixed payments won’t have much of an impact on your quality of life, and there’s a reason that most lottery winners opt for a lump sum instead of annuity payments.
  • What can I do with the lump sum from my structured settlement? There is truly no limit to what you can do with your huge lump sum, and the ways you decide to use your money could change your life forever. The average household credit card balance is almost $7,200, and approximately 76% of of Americans are currently living paycheck-to-paycheck. If you’re tired of mounting debt and need some financial breathing room in your life, you need to sell your structured settlement for a huge lump sum.

These are just some of the most common questions asked by settlement recipients, but you may have several more. Talk to a settlement expert who can answer all of your questions and provide you with a quote for your settlement.

Lump Sum vs. Annuity: What’s the Difference?

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When it comes to accident and personal injury lawsuits, many civil cases never make it to trial. This happens due to a settlement agreement being reached by both parties during the early stages of the litigation process. A settlement requires the plaintiff to discontinue any further legal action in exchange for a payment from the defendant or their insurance company.

After settling or winning a lawsuit, the plaintiff will receive a cash award paid out over the course of a lifetime (or several decades) or they may receive a lump sum. While stipulations surrounding a lump sum payout vary, there are companies devoted to buying annuities in exchange for a lump sum settlement. This allows the recipients to decide if they would prefer all their cash at once or if getting it a little bit at a time is more beneficial. But what are the differences between annuities and lump sum payouts?

Annuity: A fixed sum of money paid to a recipient annually.

Lump Sum: When a financial reward is paid out all at once rather than over the course of a number of years.

Structured Settlement: a payout from a legal settlement paid out as an annuity instead of a lump sum; concept emerged in mid-1950s.

A recent survey found that 65% of respondents would prefer to receive a lump sum payment instead of a structured settlement paid as an annuity. If you find yourself to be one of the 76% of Americans currently living paycheck-to-paycheck, receiving a lump sum may make more sense than an annuity. Many recipients of lump sum settlement cash choose to use the money to eliminate debt.

If you need extra cash to help with your living expenses and believe you might have trouble receiving access to your settlement cash, you can request cash prior to your case being resolved. Your current financial situation will likely effect how you decide to receive your winnings.

3 Important Questions That Structured Settlement Recipients Need to Be Asking

settlement recipients

If you have been stuck with a structured settlement or annuity that is being paid out in small chunks over time, you should know that you have the ability to seize control of your financial destiny. While the lotteries and courts may not want settlement recipients to know this, you have the right to sell your structured settlement for a huge lump sum and start living the life you’ve always wanted.

Upon hearing that they can sell their fixed payments for a lump sum, many settlement recipients are confused as to how the process works. Fortunately, you can bring all of your important questions to a settlement expert who can answer them, as well as provide you with a quote for your settlement.

When you decide to get cash for your settlement now, you’ll never have to wait for another fixed payment again. The money is yours to spend however you wish, and settlement recipients are almost always happy with their decision to get cash for a settlement, meeting all of their dire cash needs. Here are a few of the most important questions that settlement recipients should be asking:

  • Can I sell my settlement for a huge lump sum? Depending on where you live, there is a very good chance that it is entirely legal (and recommended) that you sell your structured settlement for a lump sum. Currently, only three states (New Hampshire, Wisconsin, and Washington, D.C.) do not have Structured Settlement Protection Acts, which prohibits their residents from getting settlement cash now. If you live anywhere outside of these three areas, you have the right to sell your settlement for a lump sum.
  • Do most people opt for lump sums? Absolutely. When you think about it, there is really no advantage to sitting idle while tiny fixed payments filter into your bank account each month. In fact, in a recent American International Group (AIG) survey, about 65% of people said they would rather have a lump sum instead of structured payments. The money you are awarded in the courts or from the lottery is yours, and you should be in complete control of how and when it is spent.
  • What can I do with my lump sum payout? The primary reason that lump sums are so popular among settlement recipients is that it affords them the opportunity to live the life of their dreams. While receiving fixed payments, it’s extremely difficult to enhance your quality of life. The average household credit card balance is nearly $7,200, and paying off these bills can really limit your financial freedom. After receiving a lump sum, you can eliminate debt, put some money in the bank, and even buy your dream house or car.

Talk to a trusted settlement company for more detailed answers to these important questions and a quote on your settlement. Settlement recipients should have the freedom to spend their money however they wish, and selling fixed payments for a huge lump sum is the only way to do just that.

6 Things You Need To Know About Personal Loans

Some people avoid personal loans because they think they’re too complex and hard to understand. The truth is, you can learn everything you need to know about personal loans in just a few minutes, and they’re the best option for anyone who needs cash now.

By definition, a personal loan is a loan that can be designated for any number of different expenses. There are two types of personal loans available to you: secured and unsecured.

Secured personal loans use collateral, such as a house or car, to back the loan. To become eligible for unsecured personal loans, which are the most common type of loan, you do not need to put up any collateral. Generally speaking, you can apply for either type of personal loan at any bank, building agency, or other official lender.

The amount of money you can borrow will vary depending on what type of institution you obtain your loan from, as well as your personal credit rating. Typically, personal loans range between $500 and $10,000. If you’d like to borrow more, most lending agencies will require you to change to a secured personal loan that is backed with collateral.

Personal loans have fixed terms, and are almost always less than five years. These fixed terms enable borrowers to know exactly when the debt is paid off, unlike credit cards, which you could still be paying off 30 years from now if you only pay the minimum due each month.

You’ll have a set period of time to repay your personal loan, and loan periods are usually stated in months (e.g. 12, 24, 36, 48, 60.) The longer your repayment period is, the lower your monthly loan repayment will be. Your interest rate also may be tied to your repayment period, and shorter repayment periods usually result in lower interest rates. Also, keep in mind that there may be a penalty for paying your loan off early.

While credit cards will increase the interest rate on your existing balance if it becomes 60 days past due, personal loans have fixed interest rates, which means they never change. If you cannot obtain a secured loan but still want to consolidate debt, don’t panic. You can usually still obtain a personal loan to consolidate debt at a lower interest rate than most credit cards carry.

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